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11 – 20 of over 7000
Article
Publication date: 1 March 2005

Vittorio Chiesa, Elena Gilardoni and Raffaella Manzini

This paper is aimed at studying the technology in buy‐cooperate‐sell decisions process in order to identify and analyse the logical steps that should characterise a complete and…

1845

Abstract

Purpose

This paper is aimed at studying the technology in buy‐cooperate‐sell decisions process in order to identify and analyse the logical steps that should characterise a complete and reliable appraisal process.

Design/methodology/approach

The paper develops a framework to support the whole process, based on literature analysis and an empirical study. A case study is presented in order to discuss some of the theoretical and practical problems affecting the appraiser during a technology valuation.

Findings

It is found that the use of the proposed framework: forces the appraiser to perform a systematic and rational analysis, coherent with the internal and external context of the valuation; points out the most critical elements that could lead to a misleading and/or unusable and/or biased valuation; forces the appraiser to solve some critical trade‐offs and to deal with contrasting elements; imposes coherence throughout the process and consistency among the various hypotheses and assumptions needed to finally identify a (range of) final value(s); gives the appraiser a communication tool, as different people are involved during the process; allows people (even if not directly involved in the process) to understand how the value of the asset has been determined and the validity, reliability and precision of the results obtained; and increases the bargaining power of the appraiser during the negotiation with a potential counterpart, allowing a clear and complete understanding of the value of the asset.

Originality/value

This paper analyses the entire process and gives emphasis to the critical aspects of each phase, suggesting some solutions.

Details

European Journal of Innovation Management, vol. 8 no. 1
Type: Research Article
ISSN: 1460-1060

Keywords

Article
Publication date: 5 August 2014

Byungun Yoon and Bomi Song

The purpose of this paper is to propose a systematic approach to exploring potential partners for open innovation in order to facilitate the process of technological…

1848

Abstract

Purpose

The purpose of this paper is to propose a systematic approach to exploring potential partners for open innovation in order to facilitate the process of technological collaboration.

Design/methodology/approach

The proposed approach utilizes patent information that is considered the most effective data to investigate innovation activities by applying morphology analysis (MA) and generative topology map (GTM) to the process to identify the configurations of technologies and visualize the collected patent information. In particular, diverse informative indices can assist researchers in deriving appropriate partners for technological cooperation.

Findings

The hybrid approach that combines MA, GTM, and indices is useful to discover technological opportunity, identify necessary technologies and explore potential partners. The systematic process can overcome the limitations of existing approaches that depend on the insights and strategic decisions of top management, reflect a superficial relationship among firms and mostly fail to consider both theoretical and practical approaches to retrieve potential partners.

Practical implications

The results of this paper will help practitioners, academic researchers, and policy makers link a pair of partners who can maximize the synergy of collaboration in a systematic manner. The proposed approach is illustrated to show the validity of the process with a case of light emitting diode (LED) technology. In addition, the social cost for collaboration can be reduced by applying the proposed approach in open innovation.

Originality/value

This paper tackles the important issue of exploring appropriate partners by applying a systematic approach that utilizes text mining, MA and GTM because existing research mostly deals with ad-hoc processes. The proposed approach utilizes multiple methodologies of data mining and technology forecasting to derive promising technology areas in a systematic manner and then employs critical indices to explore proper partners. Thus, this approach considers both quantitative and qualitative methodologies to suggest a sophisticated tool for successful open innovation. Moreover, a real case – LED case was illustrated to demonstrate that the proposed approach can be employed to implement technological cooperation.

Details

Industrial Management & Data Systems, vol. 114 no. 7
Type: Research Article
ISSN: 0263-5577

Keywords

Article
Publication date: 13 July 2018

Lorenzo Ardito, Antonio Messeni Petruzzelli, Umberto Panniello and Achille Claudio Garavelli

The purpose of this paper is to present a comprehensive picture of the innovative efforts undertaken over time to develop the digital technologies for managing the interface…

11412

Abstract

Purpose

The purpose of this paper is to present a comprehensive picture of the innovative efforts undertaken over time to develop the digital technologies for managing the interface between supply chain management and marketing processes and the role they play in sustaining supply chain management-marketing (SCM-M) integration from an information processing point of view.

Design/methodology/approach

Patent analysis and actual examples are used to carry out this study. In detail, first, the authors identify the subset of enabling technologies pertaining to the fourth industrial revolution (Industry 4.0) that can be considered the most relevant for effective SCM-M integration (i.e. Industrial Internet of Things, Cloud computing, Big Data analytics and customer profiling, Cyber security). Second, the authors carry out a patent analysis aimed at providing a comprehensive overview of the patenting activity trends characterizing the set of digital technologies under investigation, hence highlighting their innovation dynamics and applications.

Findings

This research provides insightful information about which digital technologies may enable the SCM-M integration. Specifically, the authors highlight the role those solutions play in terms of information acquisition, storage and elaboration for SCM-M integration by relying on illustrative actual examples. Moreover, the authors present the organisations more involved in the development of digital technologies for SCM-M integration over time and offer an examination of their technological impact in terms of influence on subsequent technological developments.

Originality/value

So far, much has been said about why marketing and supply chain management functions should be integrated. However, a clear picture of the digital technologies that might be adopted to achieve this objective has yet to be revealed. Thus, the paper contributes to the literature on SCM-M integration and Industry 4.0 by highlighting the enabling technologies for the Industry 4.0 that may particularly serve for managing the SCM-M interface from an information processing perspective.

Article
Publication date: 19 September 2020

Juite Wang and Chih-Chi Hsu

Smart manufacturing can lead to disruptive changes in production technologies and business models in the manufacturing industry. This paper aims to identify technological topics…

1084

Abstract

Purpose

Smart manufacturing can lead to disruptive changes in production technologies and business models in the manufacturing industry. This paper aims to identify technological topics in smart manufacturing by using patent data, investigating technological trends and exploring potential opportunities.

Design/methodology/approach

The latent Dirichlet allocation (LDA) topic modeling technique was used to extract latent technological topics, and the generalized linear mixed model (GLMM) was used to analyze the relative emergence levels of the topics. Topic value and topic competitive analyses were developed to evaluate each topic's potential value and identify technological positions of competing firms, respectively.

Findings

A total of 14 topics were extracted from the collected patent data and several fast growth and high-value topics were identified, such as smart connection, cyber-physical systems (CPSs), manufacturing data analytics and powder bed fusion additive manufacturing. Several leading firms apply broad R&D emphasis across a variety of technological topics, while others focus on a few technological topics.

Practical implications

The developed methodology can help firms identify important technological topics in smart manufacturing for making their R&D investment decisions. Firms can select appropriate technology strategies depending on the topic's emergence position in the topic strategy matrix.

Originality/value

Previous research studies have not analyzed the maturity levels of technological topics. The topic-based patent analytics approach can complement previous studies. In addition, this study provides a multi-valuation framework for exploring technological opportunities, thus providing valuable information that supports a more robust understanding of the technology landscape of smart manufacturing.

Details

Journal of Manufacturing Technology Management, vol. 32 no. 1
Type: Research Article
ISSN: 1741-038X

Keywords

Book part
Publication date: 19 May 2009

Carlos Rosell

An innovation's social value depends on various factors that are independent of how the particular innovation is used with other technologies. Examples of such factors are the…

Abstract

An innovation's social value depends on various factors that are independent of how the particular innovation is used with other technologies. Examples of such factors are the size of the market the innovation will serve and the manner in which the innovation is managed. However, an innovation must often be implemented with complementary inventions whenever it is exercised and its benefits are realized. In such cases, an innovation's value depends, in part, on the ownership structure of the related inventions. This paper makes its contribution by examining how an innovation's social value is affected when it must be applied in concert with other essential inventions. In this paper, I propose a measure that helps predict an innovation's social value. I also suggest a practical procedure to implement this measure and I evaluate a key feature of this procedure.

Details

Measuring the Social Value of Innovation: A Link in the University Technology Transfer and Entrepreneurship Equation
Type: Book
ISBN: 978-1-84855-467-2

Content available
Article
Publication date: 1 March 2003

64

Abstract

Details

Sensor Review, vol. 23 no. 1
Type: Research Article
ISSN: 0260-2288

Keywords

Article
Publication date: 10 July 2017

Federico Caviggioli, Antonio De Marco, Giuseppe Scellato and Elisa Ughetto

The purpose of this paper is to examine, for a sample of ten corporations in three industries (i.e. automotive suppliers, semiconductors, and computer networks), the different…

1796

Abstract

Purpose

The purpose of this paper is to examine, for a sample of ten corporations in three industries (i.e. automotive suppliers, semiconductors, and computer networks), the different strategies that firms undertake when acquiring patent-protected technologies. In particular, the authors analyze and compare two alternative channels for patent acquisition: markets for technology (MFT) and merger and acquisition (M&A) processes.

Design/methodology/approach

The authors implement two types of analyses, at both patent and firm level. First, the authors perform an econometric analysis to evaluate whether acquired patented technologies differ in their patent bibliographic characteristics with respect to patent-protected technologies that have been developed internally by the examined firms. The authors then investigate the presence of differences in the characteristics of transacted patents acquired in the MFT or by means of M&A activities. Second, the authors take a firm-level perspective and examine the technology acquisition strategies adopted by selected companies to identify the presence of common patterns, industry-driven specificities and firm peculiarities.

Findings

The authors find that acquired patented technologies are, on average, more complex, of higher technical merit and the corresponding patents show a higher legal robustness. Econometric results reveal the presence of differences between M&A and MFT patents: the latter seem to protect less complex, and thus easier to trade, inventions. The analysis of the patterns of patent acquisitions at the firm level shows the presence of different strategies for the external sourcing of patented technologies, based on whether acquired patents protect core or non-core technology areas of the analyzed firms. Such patterns are discussed in the light of the different streams of the literature on intellectual property (IP) management.

Originality/value

This paper makes use of a new and comprehensive data set of the US patent transactions that took place between 2002 and 2010. The authors added detailed data on the evolution of the corporate trees of analyzed firms. The paper contributes to the literature on technology acquisitions and MFT by examining the different channels for patented technology acquisitions. The issue represents an emerging area of interest in the field of IP management.

Details

Management Decision, vol. 55 no. 6
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 10 August 2015

Gustavo da Silva Motta, Rogério Hermida Quintella and Pauli Adriano de Almada Garcia

This paper aims to assess a method that applies scientometric and patentometric indicators in the selection process of projects by seed capital funds. There is increasing interest…

Abstract

Purpose

This paper aims to assess a method that applies scientometric and patentometric indicators in the selection process of projects by seed capital funds. There is increasing interest in technology-based enterprises, for their capacity to contribute to economic and social development. Nevertheless, in practice, there is some difficulty in assessing non-financial criteria associated with technology for the purposes of choosing investment opportunities.

Design/methodology/approach

The literature has presented various methods to instrumentalize the process of evaluation and selection of investment projects. This study focuses on an enterprise that received an investment by the largest seed capital fund in Brazil, to assess to what extent scientific and technological indicators can contribute to understanding the market potential of the firm’s technology.

Findings

The results show that the use of scientometric and patentometric indicators favors the process of judging non-financial criteria, in particular those related to technology, market, divestment and team.

Originality/value

The originality of this paper is in the evaluation of a patento-scientometric approach for the selection process of projects by seed capital funds.

Details

VINE, vol. 45 no. 3
Type: Research Article
ISSN: 0305-5728

Keywords

Open Access
Article
Publication date: 1 June 2021

Linda Ponta, Gloria Puliga and Raffaella Manzini

The measure of companies' Innovation Performance is fundamental for enhancing the value and decision-making processes of firms. The purpose of this paper is to present a new…

11565

Abstract

Purpose

The measure of companies' Innovation Performance is fundamental for enhancing the value and decision-making processes of firms. The purpose of this paper is to present a new measure of Innovation Performance, called Innovation Patent Index (IPI), which makes it possible to quantitatively summarize different aspects of firms' innovation.

Design/methodology/approach

In order to define the IPI, a secondary source, i.e. patent data, has been used. The five dimensions of IPI, i.e. efficiency, time, diversification, quality and internationalization have been defined both analyzing the literature and applying three different machine learning algorithms (regularized least squares, deep neural networks and decision trees), considering patent forward citations as a proxy of the innovation performance.

Findings

Results show that the IPI index is a very useful tool, simple to use and very promptly. In fact, it is possible to get important results without making time consuming analysis with primary sources. It is a tool that can be used by managers, businessmen, policymakers, organizations, patent experts and financiers to evaluate and plan future activities, to enhance the innovation capability, to find financing and to support and improve innovation.

Research limitations/implications

Patent data are not widely used in all the sectors. Moreover, the pure number of forward citations is not the only forward looking indicator suggested by the literature.

Originality/value

The demand for a useable Innovation Performance tool, as well as the lack of tools able to grasp different aspects of the innovation, highlight the need to develop new instruments. In fact, although previous studies provide several measures of Innovation Performance, these are often difficult for managers to use, do not appreciate different aspects of the innovation and are not forward looking.

Details

Management Decision, vol. 59 no. 13
Type: Research Article
ISSN: 0025-1747

Keywords

Open Access
Article
Publication date: 9 April 2019

Dolores Modic, Ana Hafner, Nadja Damij and Luka Cehovin Zajc

The purpose of this paper is to evaluate innovations in intellectual property rights (IPR) databases, techniques and software tools, with an emphasis on selected new developments…

6384

Abstract

Purpose

The purpose of this paper is to evaluate innovations in intellectual property rights (IPR) databases, techniques and software tools, with an emphasis on selected new developments and their contribution towards achieving advantages for IPR management (IPRM) and wider social benefits. Several industry buzzwords are addressed, such as IPR-linked open data (IPR LOD) databases, blockchain and IPR-related techniques, acknowledged for their contribution in moving towards artificial intelligence (AI) in IPRM.

Design/methodology/approach

The evaluation, following an original framework developed by the authors, is based on a literature review, web analysis and interviews carried out with some of the top experts from IPR-savvy multinational companies.

Findings

The paper presents the patent databases landscape, classifying patent offices according to the format of data provided and depicting the state-of-art in the IPR LOD. An examination of existing IPR tools shows that they are not yet fully developed, with limited usability for IPRM. After reviewing the techniques, it is clear that the current state-of-the-art is insufficient to fully address AI in IPR. Uses of blockchain in IPR show that they are yet to be fully exploited on a larger scale.

Originality/value

A critical analysis of IPR tools, techniques and blockchain allows for the state-of-art to be assessed, and for their current and potential value with regard to the development of the economy and wider society to be considered. The paper also provides a novel classification of patent offices and an original IPR-linked open data landscape.

Details

European Journal of Management and Business Economics, vol. 28 no. 2
Type: Research Article
ISSN: 2444-8494

Keywords

11 – 20 of over 7000