Customer Value Propositions in the Context of Technology Commercialization

31 Pages Posted: 8 Aug 2010

See all articles by Marc Wouters

Marc Wouters

Karlsruhe Institute of Technology; University of Amsterdam Business School

Date Written: August 6, 2010

Abstract

Many larger, technology incumbent companies involve smaller, high-tech entrepreneurial firms in their innovation processes. These parties need to make coordinated investments in R&D under considerable uncertainty. We study the use of customer value propositions and real options in this context. We analyze these as mediating mechanisms that frame the capital spending decisions of individual firms and agencies, and that help to align them with investments made by other firms and agencies in the same or related industries (Miller and O’Leary, 2007). Conditions are hypothesized under which customer value propositions and real options can be appropriate mediating mechanisms, and we provide empirical support based on two case studies.

Keywords: investment decisions, R&D alliances, customer value proposition, real options, open innovation, entrepreneurship, technology commercialization

JEL Classification: M13, M31, M41

Suggested Citation

Wouters, Marc J.F., Customer Value Propositions in the Context of Technology Commercialization (August 6, 2010). AAA 2011 Management Accounting Section (MAS) Meeting Paper, Available at SSRN: https://ssrn.com/abstract=1654282 or http://dx.doi.org/10.2139/ssrn.1654282

Marc J.F. Wouters (Contact Author)

Karlsruhe Institute of Technology ( email )

Kaiserstraße 12
Karlsruhe, Baden Württemberg 76131
Germany

University of Amsterdam Business School ( email )

Roetersstraat 18
Amsterdam, 1018WB
Netherlands

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