Title: Checks and balances mechanism for techonology development and protection

Authors: Josua Sitompul

Addresses: Ministry of Communication and Information Technology, Jl. Medan Merdeka Barat No. 9, Jakarta Pusat 10110, DKI Jakarta, Indonesia

Abstract: Technology is one of the most valuable resources and capabilities for international oil companies that they develop and protect continuously. However, because of many factors, they have to cooperate with many actors including their direct competitors within collaborative ventures. And therefore, they have to share resources and capabilities, and sometimes their technology. Collaborative venture is a vehicle to develop technology. It means it is also possible that the competitors imitate or tap its technology without consent. Therefore, this paper argues that a firm needs to establish checks and balances mechanism for technology development and protection within collaborative ventures.

Keywords: technology development; technology protection; international companies; oil industry; cooperation; direct competitors; collaborative ventures; shared resources; transaction costs; checks; balances; consent; business interests; joint ventures; strategic alliances; academic partnerships; universities; higher education; business competition; business growth; business excellence; market competition.

DOI: 10.1504/IJBCG.2011.038258

International Journal of Business Competition and Growth, 2011 Vol.1 No.3, pp.245 - 261

Published online: 22 Apr 2015 *

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