Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review
FINANCIAL MODEL FOR EVALUATING COMPANY'S STRATEGY IN PROMOTING INNOVATION. / Petrova, V.; Okulov, V.
ANNUAL GSOM EMERGING MARKETS CONFERENCE-2020 : Conference book. St. Petersburg, 11–18 november 2020. СПб. : Издательство Санкт-Петербургского университета, 2020. p. 405-408.Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review
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TY - GEN
T1 - FINANCIAL MODEL FOR EVALUATING COMPANY'S STRATEGY IN PROMOTING INNOVATION
AU - Petrova, V.
AU - Okulov, V.
N1 - Conference code: 7
PY - 2020
Y1 - 2020
N2 - The aim of this research is to propose the quantitative model for evaluating the company's strategy in promoting an innovative product. A key feature of the innovation is the emergence of a market for new complementary goods used with innovative product. Both the product and complementary goods are protected by patents and can be manufactured only under license. The model exclusively considers dynamic relationships between the demand for an innovative product and the demand for complements. Then the value of strategy is calculated as the present value of company's cash flows. This model makes it possible to determine the conditions in which one of the strategies becomes the most appropriate and to identify the factors that may influence the choice of the strategy. As an application of the model the strategies for promoting e-readers by Amazon and Sony are analyzed.
AB - The aim of this research is to propose the quantitative model for evaluating the company's strategy in promoting an innovative product. A key feature of the innovation is the emergence of a market for new complementary goods used with innovative product. Both the product and complementary goods are protected by patents and can be manufactured only under license. The model exclusively considers dynamic relationships between the demand for an innovative product and the demand for complements. Then the value of strategy is calculated as the present value of company's cash flows. This model makes it possible to determine the conditions in which one of the strategies becomes the most appropriate and to identify the factors that may influence the choice of the strategy. As an application of the model the strategies for promoting e-readers by Amazon and Sony are analyzed.
UR - https://www.elibrary.ru/item.asp?id=44698119&pff=1
M3 - Conference contribution
SP - 405
EP - 408
BT - ANNUAL GSOM EMERGING MARKETS CONFERENCE-2020
PB - Издательство Санкт-Петербургского университета
CY - СПб.
T2 - GSOM Emerging Markets Conference -2020
Y2 - 11 November 2020 through 18 November 2020
ER -
ID: 92486556