Asset Building to Support Innovation Opportunity


The concept explains how and why organisations should build and position their assets strategically to support innovation opportunities. It describes the types of assets that support innovation - as well as their limitations - and offers useful advice and guidance on implementation strategies.

Technique Overview

Asset Building to Support Innovation Opportunity Definition

The ownership of complementary assets and the underlying infrastructure determines whether innovators will retain the majority of the benefits from exploiting their innovations. Innovators that don’t have access to the assets required to exploit an innovation opportunity may end up ceding the profits to innovation “imitators” or to the owners of these assets (Teece, 1986).

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Business Evidence

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Business Application

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Professional Tools

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Further Reading

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Asset Building to Support Innovation Opportunity References (4 of up to 20) *

  • BBC News 2010. Apple Patent Case 'Could Affect All Android Phones', [Online], available at: http://news.bbc.co.uk/1/hi/technology/8547230.stm.
  • Bessant, J., 2003. Challenges in innovation management. In Shavinia, L.V. (ed.). The international handbook on innovation. Elsevier.
  • Bessant, J., Tidd, J., 2011. Innovation and Entrepreneurship. John Wiley and Sons.
  • Bezanson, C., 2011. Innovation in Electric Vehicle Technology? Easy as A123. Energy.gov, May 2. Available at: [Accessed on 21 March 2012].

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