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The importance of complementary assets in the development of smart technology

Sheen, M.R. and MacBryde, J.C. (1995) The importance of complementary assets in the development of smart technology. Technovation, 15 (2). pp. 99-109. ISSN 0166-4972

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Abstract

Smart technology covers a broad area of inquiry from complex devices utilizing optoelectronics and sensors for monitoring structural integrity to research into molecularly intelligent materials. Much smart technology is still embryonic, but promises considerable benefits in a wide range of industry sectors. Two years ago the first Smart Structures Research Institute was inaugurated at the University of Strathclyde, in Scotland, to stimulate the development of these new technologies in Europe. This paper explores the options for developing the technology within different industry sectors. The authors discuss the nature of 'demand' in innovation and demonstrate that an awareness of 'complementary assets' is important at a very early stage of the innovations process. The Institute's successes in bringing together partners in collaborative research, establishing a communication network and exploiting different public funding schemes at different stages of research are all important ways in which it has influenced the dynamics of innovation. The authors conclude that assessing the future prospects of a research institute must include a number of market and organisational issues as well as technical inputs, and that the process of assessment itself serves as a further influencing factor on future direction and focus.

Item type: Article
ID code: 17662
Keywords: complementary assets, smart technology, Marketing. Distribution of products, Engineering(all), Management of Technology and Innovation
Subjects: Social Sciences > Commerce > Marketing. Distribution of products
Department: Strathclyde Business School > Management Science
Strathclyde Business School
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 07 May 2010 10:43
    Last modified: 05 Sep 2014 00:48
    URI: http://strathprints.strath.ac.uk/id/eprint/17662

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