A firm has an innovation that has weak patent protection but its exploitation requires a number of complementary resources that it does not possess.Its best mode of exploiting the innovation is likely ot be:
A)Licensing.
B)Joint venture.
C)Internal commercialization.
D)Acquiring a company that does possess the required complementary resources.

Question

Quizplus · Accepted Answer

A joint venture allows the firm to collaborate with another company that has the necessary complementary resources, while also providing some level of control over the innovation, which is important given the weak patent protection.

A Firm Has an Innovation That Has Weak Patent Protection