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Why should managers be thinking about technology policy?
Author(s) -
Nelson Richard R.
Publication year - 1995
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.4250160802
Subject(s) - government (linguistics) , intellectual property , business , big business , marketing , economics , political science , market economy , law , philosophy , linguistics
Courses on the management of innovation and technology seldom treat government technology policies, and the issues they pose for business management. This is unfortunate. In many fields business has a big stake in government technology policies. They can help business, be a waste of money, or actually hurt business. This essay considers three broad issues in contemporary technology policy, that are of significant consequence to business: government support of applied research, the question of how to deal with the decline in business‐funded basic research, and the complex questions about intellectual property rights.