On the Management of Innovation
نویسندگان
چکیده
Empirical and theoretical analyses of the management of innovation must carefully disentangle its several dimensions: Who finances R&D expenditures? Who has decision rights over the R&D process and property rights over the innovation? Who receives the return streams derived from the innovation? This paper is a first attempt at opening the R&D blackbox. It studies the foundations for co-financing by investors and users of the innovation and for employment features such as shop rights, trailer clauses and the hired-for doctrine. It investigates the theoretical validity of Schumpeterian hypotheses. Last it analyses the incentive costs and benefits of research joint ventures.
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