- List of Figures
- List of Tables
- List of Contributors
- Perspectives on Innovation Management
- The Nature of Innovation
- Marketing and Innovation
- Science, Technology, and Business Innovation
- User-driven Innovation
- Networks of Innovation
- Knowledge and the Management of Creativity and Innovation
- Design-Driven Innovation: Meaning as a Source of Innovation
- Brokerage and Innovation
- Sectoral Systems of Innovation
- Innovation Ecosystems: Implications for Innovation Management?
- Markets for Technology
- Capital Markets, Innovation Systems, and the Financing of Innovation
- Consumption of Innovation
- Sustainable Innovation Management
- Managing Social Innovation
- Innovation Management in Japan
- Innovation Management in China
- Technology and Innovation
- Innovation, Strategy, and Hypercompetition
- Business Model Innovation
- Managing Open Innovation
- Collaboration and Innovation Management
- Organizing Innovation
- Human Resource Management Practices and Innovation
- Managing R&D and New Product Development
- Internationalization of Research and Development
- Intellectual Property Rights, Standards, and the Management of Innovation
- Mergers and Acquisitions and Innovation
- Services, Innovation, and Managing Service Innovation
- Innovation and Project Management
- Platforms and Innovation
Abstract and Keywords
This article focuses on the peculiarities of technology markets and on the firms’ incentives to participate in these markets. It illustrates the differences in the size and importance of the market for technology across different countries, industries, and firms, and reports the available evidence on some forms of technology transactions like patent licensing, cross-licensing, and sale. The central focus is on the firms’ strategies in technology markets, and particularly on the reasons why established companies and small and new firms license their technology to others, sometimes even to potential or actual rivals. This article underlines that markets for technology are becoming larger and more diffused, although their future growth depends on the existence of several barriers to technology trade and on a more substantial involvement of large firms.
Alfonso Gambardella, Professor of Corporate Management, Bocconi University.
Paola Giuri, Associate Professor, Department of Management, University of Bologna.
Salvatore Torrisi, Professor of Strategic Management, University of Bologna.
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