External Technology Transfer-1

Today we are going to discuss on External Technology transfer

External Technology Transfer 

Successful external technology transfer depends on a number of factors including:

·         Type

·         Complexity

·         Transfer mechanism

·         Relationships

·         Core competencies

·         Organizational culture 

According to Hakansson and Snehota “no enterprise is an island”. Technology external relationships are an important strategic consideration for amplifying internal capabilities and skills. One benefit is the synergy effects upon value and cost, i.e., increased value through increased quality and reduced cost through sharing resources and learning curves. The networking potential of external relationships, leading to cascading positive impacts, is another result of external technological relationships. 

Studies of four hundred and ninety-two enterprises showed a relevance of technology-oriented relationships to an enterprise’s innovation capabilities. The R&D intensity and co-operation as determinants of technological innovation success. This illustrates that R&D external technology transfer contributes to reduce cost due to participating in R&D co-operation. 

Methods of External Technology Transfer 

An enterprise can acquire or transfer technology through a number of formal mechanisms, which include: 

·         Co-operative and collaborative ventures

·         Licensing

·         Contracting

·         Enterprise acquisition

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