5
A Framework for AdvancingYour Business Model
In the last chapter, we saw how stronger protection for patents and other intellectual property, combined with the newly emerging secondary markets for innovations and their associated IP, have changed the landscape for crafting business models. In this chapter, we will look at business models themselves in far more detail. The core idea of this book is that companies must develop more open business models if they are to make the most of the opportunities offered by Open Innovation.
Business models are essential for converting ideas and technologies into economic value. However, business models are ...
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