Managers are keenly aware that in today's economy the astute management of technology can advance not only the fortunes of the innovators, but also of society at large. In this book David Teece considers how firms can exploit technological innovation and protect their intellectual capital while staying ahead of the competition. He provides theoretical frameworks as well as practical advice, looking in particular at the organizational structures most likely to support innovation, and how managerial decisions and strategy affect the division of the gains.

• Part I: Introduction


• 1.: The Knowledge Economy and Intellectual Capital Management


• Part II: Foundations


• 2.: Impact of Market Structure and Organizational Factors on Innovation


• 3.: Governance Modes and Technological Innovation


• 4.: Decision-making Processes and the Rate and Direction of Innovation (with J. Bercovitz and J. de Figueiredo)


• Part III: Applications to Management and Strategy


• 5.: Market Entry Strategies for Innovators: Avoiding Pyrrhic Victories


• 6.: Imitation Strategies for Owners of Complementary Assets


• 7.: Outsourcing and Insourcing Strategies for Innovators: Opportunities and Limits (with H. Chesbrough)


• 8.: Understanding the Licensing Option (with P. Grindley and E. Sherry)


• Part IV: Public Policy


• 9.: Antitrust Analysis in High Technology Industries (with M. Coleman)


• Appendices: Case Studies in Licensing and Cross-Licensing


• A.: The Semiconductor Industry (with P. Grindley and E. Sherry)


• B.: The Glass Industry and the Pilkington Float Process (with E. Sherry and P. Grindley)

David J. Teece is Professor of Business Administration and Director at the Institute of Management, Innovation, and Organization, Haas School of Business, University of California at Berkeley. Previous positions have included Director, Center for Research in Management (CRM), University of California, Berkeley (1983-1994); and Visiting Fellow at St Catherine's College, Oxford University and Oxford Institute for Energy Studies (Spring 1989).