Externalities and the Six Facets Model of Technology Management: Genetically Modified Organisms in Agribusiness

International Journal of Innovation and Technology Management, 7(1): 19-36.

19 Pages Posted: 24 Aug 2010 Last revised: 8 Dec 2016

See all articles by Stephen Luxmore

Stephen Luxmore

Rochester Institute of Technology (RIT) - Saunders College of Business

Clyde Eiríkur Hull

Rochester Institute of Technology (RIT) - Saunders College of Business

Date Written: March 1, 2010

Abstract

The Six Facets Model of technology management has previously only been applied to process innovation at the firm and the industry level. In this article, the model is applied to product innovation for the first time. In the context of genetically-modified organisms in the agribusiness industry, we examine radical product innovation through the Six Facets Model. We propose, based on the history of genetically-modified organisms in agribusiness, that when applied to product innovation the Six Facets Model will benefit considerably from the inclusion of potential negative externalities and the reactions of external stakeholders.

Keywords: Six Facets Model, negative externalities, product innovation, radical innovation, agribusiness, genetically-modified organisms

Suggested Citation

Luxmore, Stephen and Hull, Clyde Eiríkur, Externalities and the Six Facets Model of Technology Management: Genetically Modified Organisms in Agribusiness (March 1, 2010). International Journal of Innovation and Technology Management, 7(1): 19-36. , Available at SSRN: https://ssrn.com/abstract=1664803

Stephen Luxmore (Contact Author)

Rochester Institute of Technology (RIT) - Saunders College of Business ( email )

105 Lomb Memorial Dr.
Rochester, NY 14623
United States

Clyde Eiríkur Hull

Rochester Institute of Technology (RIT) - Saunders College of Business ( email )

105 Lomb Memorial Dr.
Rochester, NY 14623
United States

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