Which of the following statements is true of firms pursuing a closed innovation?
A) Firms following the closed innovation model are less likely to be prone to the not-invented-here syndrome.
B) Firms in the closed innovation model are extremely protective of their intellectual property.
C) Firms in the closed innovation model focus on building a more effective business model to commercialize R&D, rather than focusing on being first to market.
D) Firms following the closed innovation model will find activities such as spin-out ventures or strategic alliances crucial to commercialize their internally developed R&D.

Question

Quizplus · Accepted Answer

Firms in the closed innovation model are extremely protective of their intellectual property. This allows firms not only to capture all the benefits from their own R&D, but also prevents competitors from benefitting from it.

Which of the Following Statements Is True of Firms Pursuing