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Taking Technical Risks: How Innovators, Managers, and Investors Manage Risk in High-Tech Innovations

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Authors: Lewis M. Branscomb, Philip E. Auerswald
Publisher: The MIT Press
Category: Book

Buy New: $41.00
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Seller: EinsteinApplestore
Sales Rank: 3,073,979

Media: Hardcover
Pages: 220
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9.2 x 6.2 x 0.6

ISBN: 026202490X
Dewey Decimal Number: 658.5
EAN: 9780262024907
ASIN: 026202490X

Publication Date: February 19, 2001
Availability: Usually ships in 1-2 business days
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•	Paperback - Taking Technical Risks: How Innovators, Managers, and Investors Manage Risk in High-Tech Innovations

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Product Description
How do technology innovators, business executives, and venture capitalists manage the technical elements of business risk when developing and launching new products? Overcoming technical risks requires crossing the so-called valley of death—the gap between demonstrating the soundness of a technical concept in a controlled setting and readying the product technology for the market. Crossing the valley of death may mean bringing university-based research to the point where it appears viable to venture capitalists, or bridging the cultural gap between technical innovators and the managers who are being asked to risk their institutional resources. In every context, purely technical risks are coupled with the market risks inherent in innovation.

In this book Lewis Branscomb and Philip Auerswald address early-stage, high-tech innovation in the context of business decision making and innovation policy. The topics addressed include the extent to which purely technical risk is separable from market risk; how industrial managers make decisions on funding early-stage, high-risk technology projects; and under what circumstances government can and should act to reduce the technical risks of innovative projects so that firms will invest in them. The book includes contributions by Mary Good, George Hartmann, James McGroddy, Mike Myers, Michael Roberts, and F. M. Scherer.