EXTERNALITIES AND THE SIX FACETS MODEL OF TECHNOLOGY MANAGEMENT: GENETICALLY MODIFIED ORGANISMS IN AGRIBUSINESS

Stephen R. Luxmore () and Clyde Eiríkur Hull ()
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Stephen R. Luxmore: Saunders College of Business, Rochester Institute of Technology, 108 Lomb Memorial Drive, Rochester, New York 14623, United States of America
Clyde Eiríkur Hull: Saunders College of Business, Rochester Institute of Technology, 108 Lomb Memorial Drive, Rochester, New York 14623, United States of America

International Journal of Innovation and Technology Management (IJITM), 2010, vol. 07, issue 01, 19-36

Abstract: The Six Facets Model of technology management has previously only been applied to process innovation at the firm and the industry level. In this article, the model is applied to product innovation for the first time. In the context of genetically-modified organisms in the agribusiness industry, we examine radical product innovation through the Six Facets Model. We propose, based on the history of genetically-modified organisms in agribusiness, that when applied to product innovation the Six Facets Model will benefit considerably from the inclusion of potential negative externalities and the reactions of external stakeholders.

Keywords: Six Facets Model; negative externalities; product innovation; radical innovation; agribusiness; genetically-modified organisms (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1142/S0219877010001799

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