Complementary assets are
assets, infrastructure or capabilities needed to support the successful commercialization and marketing of a technological innovation
, other than those assets fundamentally associated with that innovation. The term was first coined by David Teece.
What are examples of complementary assets?
Examples of complementary assets include
marketing, sales, human resource management, office space, information technology, transportation, manufacturing, and sales channels
.
Which is complementary assets?
Complementary assets refer to
the firm’s assets or capabilities
[rather than technology or intellectual property (IP)] necessary for successfully commercializing technologies, which include manufacturing capacity, distribution channels, after-sales service, brands, and complementary technologies (Teece, 1986).
What are complementary assets and why are they important to innovation?
Complementary assets, among other factors, are important for
organizations wishing to commercialize and profit from an innovation
. Firms will accordingly aim to acquire and sustain complementary assets, in order to strengthen a firm’s asset base in particular in the light of innovation.
Why are complementary assets essential in information systems?
Why are complementary assets essential for ensuring that information systems provide genuine value for an organization? … These complementary assets include
new business models and business processes
, supportive organizational culture and management behaviour, appropriate technology standards, regulations, and laws.
What are the other complementary assets for Netflix?
Netflix’s success has also been driven by its access to complementary assets that provide alternative distribution channels, such as
mobile devices, game consoles, and connected TVs
.
An example of a social complementary asset is.
technology and service firms in adjacent markets
.
Disciplines
that contribute to the technical approach to information systems are. operations research, management science, and computer science.
What is Appropriability?
Appropriability is
the capacity of the firm to retain the added value it creates for its own benefit
. However, who benefits from this added value depends on the decisions of the firm, the structure of the market in which it operates, and the sources of the added value itself.
What is Teece model?
The Teece model is
a framework that enables competitive advantage to be gained through innovation
. The Teece model was named after economist David Teece who created a framework for building profit through innovation in 1986. Teece noted that being first to market with a new product was no guarantee of success.
What is organizational asset?
Organizational assets can be divided into two main types:
tangible and intangible
. Tangible assets, also known as organizational resources, have a physical form such as raw materials for products, machines, infrastructure, or money.
How information system transform business today?
Information systems help
decision-makers at a business to make informed decisions for the company
. Information technology helps get prepared data on all areas of the business as it offers current data, background, and trend analysis.
Why are information systems so essential for running and managing a business today?
Business Information System makes it simple to store operational data, revision histories, communication records and documents. … Business Information System,
eases the process of decision making and simplifies the process of delivering
the required information and hence assists in taking better decisions instantly.
Which of the following are examples of key managerial complementary assets?
Important managerial complementary assets are strong
senior management support for change
, incentive systems that monitor and reward individual innovation, an emphasis on teamwork and collaboration, training programs, and a management culture that values flexibility and knowledge.
What are 3 major new information system trends?
New information system trends include the
emerging mobile digital platform, online software as a service, and cloud computing
.
What is the relationship of information systems to globalization?
Information systems has big role in
globalization by influencing different cultures through internet
, where big economies and developed countries benefit the most out of this. Globalization has revolutionized internal management.
What is the impact of information systems on organizations?
Information systems can
reduce the number of levels in an organization
by providing managers with information to supervise larger numbers of workers and by giving lower-level employees more decision-making authority.
