Ruling the Innovation Game: The Role of Flexibility, Transparency, and Participation
Matthias Bärwolff (9/2006), Article (en)
A rewrite of my 2004 paper with a similar title
Abstract
In this paper we put forward the notion that resources have three attributes that predominantly impact on their innovation potential: flexibility, transparency, and participation (FTP). The design of these attributes may be subject to delibarate limitation or expansion depending on the power balance between producers and users. Most importantly, not only are there benefits associated with FTP but considerable costs, too. Proper valuation and due pricing of those attributes suffer from the adverse effects of uncertainty. Hence, there is little prospect of fully overcoming the economic conflicts involved in innovation processes.
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