Foreign investment and technological development in Silicon Valley
Article Abstract:
This article examines foreign investment in high-technology industries in Silicon Valley. It describes the extent of this investment and then explores the implications for the future global role of the American economy. Significant foreign investment signals the inability of U.S. high-tech firms to grow to maturity without infusion of capital and other resources from elsewhere. The solution is not to impede the flow of foreign investment, but in building the infrastructure - education, skills, savings, employee commitment, and the like - needed to support the development of later-stage capacities in the innovation process. Failure to do so may enable firms outside the United States to disproportionately profit from the pioneering activity for which "the Valley" is so famous. (Reprinted by permission of the publisher.)
Publication Name: California Management Review
Subject: Business, general
ISSN: 0008-1256
Year: 1992
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Managing intellectual capital: licensing and cross-licensing in semiconductors and electronics
Article Abstract:
Innovation and the management of intellectual capital are playing an increasingly important role in competition in high-technology industries. To operate in markets where innovation is cumulative, such as in electronics and semiconductors, firms frequently need to engage in extensive licensing and cross-licensing. This need is amplified by recent increases in the strength of patent protection and by the more active licensing stance of intellectual property owners. A high-quality patent portfolio not only reflects the firm's inventive capacity, but may significantly increase its cross-licensing bargaining ability and reduce royalty payments. In addition, it may directly contribute to its product and process innovation. (Reprinted by permission of the publisher.)
Publication Name: California Management Review
Subject: Business, general
ISSN: 0008-1256
Year: 1997
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Capturing value from knowledge assets: the new economy, markets for know-how, and intangible assets
Article Abstract:
The increasing liberalization of markets coupled with the creation of new markets for intermediate products is stripping firm-level competitive advantage back to its fundamental core: difficult to create and difficult to imitate intangible assets. This article explores these developments and elucidates implications for the management of intellectual capital inside firms. (Reprinted by permission of the publisher.)
Publication Name: California Management Review
Subject: Business, general
ISSN: 0008-1256
Year: 1998
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