TO STANDARDISE OR TO PATENT? DEVELOPMENT OF A DECISION MAKING TOOL AND RECOMMENDATIONS FOR YOUNG COMPANIES

Nizar Abdelkafi, Sergiy Makhotin (), Marina Thuns (), Anna Pohle () and Knut Blind ()
Additional contact information
Nizar Abdelkafi: Business Models
Sergiy Makhotin: Business Models
Marina Thuns: Business Models
Anna Pohle: #x2020;Knowledge and Technology Transfer, Fraunhofer Center for International Management and Knowledge Economy, Neumarkt 9-19, 04109 Leipzig, Germany
Knut Blind: #x2021;Technische Universität Berlin, Chair of Innovation Economics and Fraunhofer Institute for Open Communication Systems, Innovation and Technology Transfer, Marchstraße 23, 10587, Berlin

International Journal of Innovation Management (ijim), 2016, vol. 20, issue 08, 1-30

Abstract: Young companies need support concerning decisions related to intellectual properties. Entrepreneurs can resort to a menu of strategies, not only patenting. First, we explore the literature on standardisation and patenting and relate it to entrepreneurship to identify the internal and external influencing factors as well as the motives and risks related to decision making. Then, we conduct five case studies to explore these influencing factors, while trying to reconstruct the decision making process. We find five main factors: technology, resources, knowledge protection vs. knowledge diffusion, need for partnerships, and pace of innovation. Companies should use patents when their technology is patentable and knowledge protection is perceived essential. Standardisation is suitable when knowledge diffusion is more important than protection, and companies look for establishing new partnerships. These insights are integrated into a decision tree that provides guidance to young entrepreneurs to make an informed decision regarding intellectual properties.

Keywords: Patenting; standardisation; startups; young companies; entrepreneurship; qualitative case studies; cross case analysis; decision making; decision tree (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S136391961640020X

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