Dynamics in appropriating value from innovation and inter-organizational collaborations

Are you fascinated by innovations? What did you do to manage innovations in your business? Do you know that intellectual property rights can be used beyond the exclusion purpose? This study shows that it is not enough to ‘get the cards’ (such as patents, trademarks, registered design, distribution channels, etc., which constitute appropriability premises), but you also need to know how to ‘play the cards’ (different paths including the exclusion of others, leveraging the appropriability premises, and abandoning protection). Relevant topics here include knowledge and capabilities, strategic positioning, value networks, and business models.

The findings of this study were produced from systematic literature reviews, in-depth interviews, and large-scale Community Innovation Surveys. This study points out the importance of dynamically adjusting appropriation strategies and inter-organizational collaborations to realize certain outcomes. It also suggests that profiting opportunities can be found in open innovation, especially for general-purpose technology such as artificial intelligence (AI), blockchain, 5G wireless communication, and quantum computing. This study is valuable for innovators, managers, and policymakers to understand and address challenges in adopting and commercializing innovations.