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date: 09 July 2020

Abstract and Keywords

This chapter reviews the economic characteristics of information and knowledge and their implications for innovation management. It discusses legal and competitive strategies to control and benefit from intellectual assets and surveys associated societal and technological trends. Many of the issues are found to be particularly topical in the context of information and communication technology (ICT) industries. Here, content suppliers need to develop business models that address the weakening of legal protection, or appropriability, of information, and new hardware and software technologies need to be strategically positioned with respect to the intellectual property rights landscape where licensing negotiations and litigation can determine success or failure of innovations. These strategic innovation challenges are exceptionally complex if interoperability standards are essential for the growth of the product or service system.

Keywords: intellectual property rights, appropriability, interoperability standards, information and communication technologies, business models

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