Licensing, joint ventures, and alliances, are examples of:
A)Alternative strategies to exploit innovation
B)Alternative strategies to create inventions
C)Alternative strategies to sell inventions to another firm in the industry
D)Strategies involving third parties

Question

Quizplus · Accepted Answer

Licensing, joint ventures, and alliances are all strategies that involve collaborating with third parties to exploit and commercialize innovation. These strategies are alternative approaches to the traditional model of keeping everything in-house and can allow firms to leverage the expertise, resources, and networks of partners to speed up innovation and enter new markets.

Licensing, Joint Ventures, and Alliances, Are Examples Of