Chapter

Innovation

John Kay

in Foundations of Corporate Success

Published in print April 1995 | ISBN: 9780198289883
Published online November 2003 | e-ISBN: 9780191718205 | DOI: http://dx.doi.org/10.1093/019828988X.003.0007
 Innovation

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The final primary distinctive capability is ‘Innovation’. However, firms may often fail to secure the returns from innovation for themselves. In this context, the chapter analyses the problems of achieving competitive advantage that is both sustainable and appropriable.

Keywords: appropriability; competitive advantage; core competencies; distinctive capabilities; innovation; patent races; standards battles; sustainability; David Teece

Chapter.  4681 words.  Illustrated.

Subjects: Microeconomics

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