دورية أكاديمية
Overcoming the liability of patenting in early-stage ventures with market orientation.
| العنوان: | Overcoming the liability of patenting in early-stage ventures with market orientation. |
|---|---|
| المؤلفون: | Chen, Li-Wei, Welbourne Eleazar, Miranda J., Lee, Soo-Hoon, Islam, Habib A. |
| المصدر: | Industry & Innovation; May2024, Vol. 31 Issue 4, p501-524, 24p |
| مصطلحات موضوعية: | MARKET orientation, BUSINESS incubators, BOUNDED rationality, PATENTS, INNOVATIONS in business, TECHNOLOGICAL innovations |
| مستخلص: | Early-stage ventures often face bounded rationality from a lack of experience as well as limited resources. A strategic choice to patent a firm's innovations to prevent competitor infringement involves significant resource commitments. We hypothesise that for early-stage ventures, having a patent could create liability on short-term financial performance; however, higher levels of market orientation could overcome it. We find support for our hypotheses using a sample of early-stage ventures that apply to business accelerators for support. This study contributes to the extant literature on innovation and entrepreneurship, as well as on market orientation, to show that for early-stage ventures, a potential liability of patenting exists, but it can be mitigated by higher levels of market orientation. [ABSTRACT FROM AUTHOR] |
| Copyright of Industry & Innovation is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| قاعدة البيانات: | Complementary Index |
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