Got a tricky question? Receive an answer from students like you! Try us!

Explain in what ways the corecompetences and resource requirements differ between a firsttomarket, secondtomarket and latetomarket innovation strat - Essay Example

Only on StudentShare
Author : gorczanyfabian

Summary

Explain in what ways the core-competences and resource requirements differ between a "first-to-market", "second-to-market" and "late-to-market" innovation strategy. Illustrate your answers using innovation cases.
In this paper, we look at how different the innovation strategies have in terms of core competencies and resource requirements…

Extract of sample
Explain in what ways the corecompetences and resource requirements differ between a firsttomarket, secondtomarket and latetomarket innovation strat


It is known widely that R & D is much valued in technological firm which increases value of the firm. Patents are looked upon as an offensive and a defensive asset. Offensively, it aids a technological company to earn licensing royalties and/or seeking an injunction to halt a competitor from shipping a product. Defensively, patent portfolio provides leverage to negotiate for a more favorable settlement. Hence, according to Coombs (1996), it is important for innovation firms to have their patent portfolio in line with their corporate strategies.
For a first-to-market innovation strategy, patents act as an offensive role in the early stage to achieve market monopoly. However, this is not true for a recent example. Creative's core competency in the portable media player industry lies in its innovative capability to create value through innovations. It was reported that Creative was the first to market its first generation of portable media player in 2000. However, Creative neither achieves market monopoly nor dominates the market currently.
After the patent was awarded to Creative in 2005, Creative sought an injunction that stop Apple from selling the iPod. The outcome was that Apple would pay US$100 million licensing royalties to use Creative's "Zen patent" for an MP3 player interface. ...
Download paper

Related Essays

Innovation
(Thompon, 88-119)…
7 pages (1757 words)
Human Resource Management Innovation and Change
Thus this paper has successfully established a set of positive correlations between a number of HRM related key performance indicators and the organizational outcomes especially concerning employee retention strategies at News Corporation. Particularly the environment and employee welfare related policies have shown a progressive improvement. Further employee retention strategies at News Corporation and labor turnover figures are interconnected in such a way that staff members have particularly been affected by a lack of concern for their negative experiences while dealing with customers.…
20 pages (5020 words)
explain why american support for britain between 1939 41 'stopped short of war'
This explains why America and Britain remained so diplomatically cordial up until the war. Isolationism was a very popular political position during the 1930's and is very much to blame for why the United States did little to prevent the gradual slide of the world's major powers into a war that it would inevitably be drawn into as well.…
6 pages (1506 words)
In what ways and why did the character of the nineteenthcentury Scottish economy and society differ from that of the rest of Britain
"Treaty of England" held a year earlier, and was put into action by the "Acts of Union", which was passed by the Parliaments of both of the kingdoms. Scotland witnessed a lot of pretest across the country, due to this union1. After the union, Scotland maintained to have their separate legal system, from England, Wales and Northern Island. Not just legal system, Scotland kept its education system, and Church of Scotland separate and it is the reason that Scotland maintained its uniqueness in all these times. It helped in keeping the Scottish culture and Scottish national identity since the…
6 pages (1506 words)
Relationship between theory and practice in human resource management
In order for employees to improve their output, they have to be motivated.Motivation in itself takes many forms.But motivation must be seen to be taking place practically than just by the word of mouth.The human resource practitioners must understand the fact that different human resource persons are motivated by different motivators. As others may be motivated by better pay, others would be motivated if the working environment is conducive. Therefore it is important to understand the nature of each employee for motivation to be practically enhanced. Their areas of interest need be identified…
10 pages (2510 words)
System Requirements
This shows the client how accurate and secure software will be received. Software requirement document not only holds the client requirements but also the flow of the software. It tells each and every step in form of use cases that is to be performing while using software. It details the methods and plans that will be the part of testing before the submission of the project to the client. Moreover it compiles all the hardware specifications that are required for the software to run. It also holds the security plans for the software. This document helps client to estimate the software by…
3 pages (753 words)
Explain three ways in which governments shape labour markets and Explain, using examples, three dimensions of the relationship between paid and unpaid work.
nt base in order to instill more confidence in the workforce and “focus on the context for investment” (Lecture 3, p.3) thus creating a congenial environment for business while addressing the social concern of employment. In the current economic situation where the role of government in protecting labor has been reduced to the bare minimum due to globalization and advancements in technology, it is flexibility of the job market that is more in perspective than formulation of laws to safeguard labor. However, the scope of employment also raises the issue of work where salary is high that…
4 pages (1004 words)