Managing Value Capture: Empirical Analyses of Managerial Challenges in Capturing Value (Innovation und Entrepreneurship)

How some firms manage to capture more value than others is a question central to practitioners and researchers alike. In this context, Timo Fischer conducts three empirical studies. The first study analyzes non-linearities in the effectiveness of appropriability mechanisms and interactions between selected appropriability mechanisms, which firms should exploit to optimize capturing value. The second evaluates whether R & D and marketing managers have diverging perceptions of the effectiveness of appropriability mechanisms, which could create friction in the formation of a coherent strategy for capturing value. The third study examines whether the patent troll business model is sustainable under envisioned legal changes and thus patent trolls pose a long-term threat to value capture in value creating firms Cover......Page 1 Innovation und Entrepreneurship......Page 3 Managing Value Capture......Page 4 ISBN 9783834932518......Page 5 Preface......Page 6 Foreword......Page 8 Table of Contents......Page 10 List of Figures......Page 14 List of Tables......Page 18 List of Abbreviations......Page 20 Zusammenfassung......Page 22 Abstract......Page 25 1.1. Motivation......Page 28 1.2. Research Objectives......Page 30 1.3. Structure of this Dissertation......Page 34 2.1.1. Basic Definitions......Page 36 2.1.2. The Concept of Value Creation......Page 38 2.1.3. The Concept of Value Capture......Page 39 2.2.1. The Resource-Based View of the Firm......Page 41 2.2.2. Competition on Capturing Value Created......Page 42 2.3.1. Profiting from Technological Innovation......Page 45 2.3.2. Appropriability Mechanisms......Page 48 Patents......Page 49 Openness......Page 52 Lead Time Advantages......Page 54 2.3.3. Empirical Studies......Page 55 2.4. A Resource Management Focus on Value Capture......Page 57 2.4.1. Managing Firm Resources to Create Value......Page 58 2.4.2. Managing Firm Resources to Capture Value......Page 60 3. Non-Linearities and Interactions in Value Capture......Page 63 3.1. Introduction......Page 64 3.2.1. Relevant Appropriability Mechanisms......Page 66 Openness......Page 67 Lead time advantages......Page 68 Product-related Patents and Patent Portfolio......Page 69 Product-related patents and Openness......Page 70 3.3.1. Empirical Approach......Page 71 The enterprise communications industry......Page 73 The enterprise communications industry in comparion to other industries......Page 78 3.3.3. Choice Experiments......Page 82 3.3.4. Sample......Page 83 3.3.5. Estimation Method......Page 87 3.3.6. Limitations......Page 90 3.4.1. Method of Analysis......Page 91 3.4.2. Results......Page 92 Relative Importance of Appropriability Mechanisms......Page 97 Non-Linearities and Trade-Offs......Page 99 Good vs. poor appropriability performance......Page 101 3.4.3. Discussion......Page 103 3.5.1. Method of Analysis......Page 106 3.5.2. Results......Page 121 3.5.3. Discussion......Page 123 3.6. Summary......Page 125 4. Diverging Perceptions of R&D and Marketing Managers of Value Capture......Page 127 4.1. Introduction......Page 128 4.2.1. Departmental Control of Appropriability Mechanisms......Page 129 4.2.2. Departmental Thought Worlds......Page 130 4.2.3. Social Identity Theory and Attribution Theory......Page 131 4.2.4. Diverging Perceptions of Appropriability Mechanisms......Page 132 4.3.1. Sample......Page 134 4.3.2. Group Comparison......Page 136 Relative Importance of Appropriability Mechanisms......Page 139 Non-Linearities......Page 140 Group Comparision......Page 143 4.4.2. All Marketing and R&D Employees......Page 147 4.5. Summary and Discussion......Page 153 5.1. Introduction......Page 158 5.2.1. The Patent Troll Business Model......Page 160 5.2.2. Legal Sustainability of the Troll Business......Page 161 5.2.3. Trolls’ vs. Practicing Firms’ Patent Acquisitions......Page 163 5.3.1. Data......Page 165 5.3.2. Variables......Page 169 Patent density technology field......Page 170 Patent technological quality......Page 171 Other Controls......Page 173 5.3.4. Descriptive Results......Page 174 5.3.5. Model Specification......Page 177 5.4.1. Findings from Main Models......Page 178 5.4.2. Robustness Checks......Page 181 5.5. Summary and Discussion......Page 184 6. Summary and Conclusion......Page 188 Non-linearities and interactions in bundles of appropriability mechanisms......Page 189 Diverging perceptions of R&D and marketing managers on the effectiveness ofappropriability mechanisms......Page 190 Need for managerial action against patent trolls......Page 191 Future Research......Page 192 Appendix......Page 194 A.1.1. Survey Questionnaire......Page 195 A.1.2 Choice setsa......Page 203 A. 2. 1. Code for calculating predicted probabilities over all combinations of attribute levels......Page 204 A.2.2. Code for evaluating average marginal effects of interaction terms......Page 211 Bibliography......Page 222