Knowledge exploitation in innovation networks: the perspective of the knowledge source
by Ulrich Lichtenthaler
International Journal of Foresight and Innovation Policy (IJFIP), Vol. 4, No. 3/4, 2008

Abstract: The Network-based Exploitation of Technological knowledge (NET) refers to the commercialisation of disembodied technological knowledge, e.g. by means of out-licensing, exclusively or in addition to its application in own products of a firm. While some pioneering companies have recently derived enormous benefits from leveraging knowledge assets in innovation networks, most other firms experience major managerial difficulties in commercialising knowledge assets in networks. Over the past years, a major increase in NET could be observed despite these managerial challenges. To balance the focus of prior research on internal knowledge application, this paper focuses on NET as a complementary mode of knowledge exploitation. Drawing on a thorough literature analysis, the particular characteristics of leveraging technological knowledge in innovation networks are detailed. Then, the monetary and strategic motives for NET are examined. On this basis, an integrative strategic approach to knowledge exploitation is developed, which contributes to explaining interfirm differences regarding enormous benefits vs. major managerial difficulties in NET. Integrative approach is essential because of the strong interdependencies and potential synergies between internal and external knowledge exploitation. The implications of our analysis for research and practice are discussed, and suggestions for further research are presented.

Online publication date: Tue, 18-Mar-2008

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Foresight and Innovation Policy (IJFIP):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com