Extracting Value through Technology and Service Platforms: The Case of Licensing, Services and Royalties

Technology and service platforms are becoming even more important to firms and countries as software built on these platforms is integrated into physical end-products and services across business environments. We find two especially significant topics to explore. First, there is a clear motivation to increase understanding of how platform-based business models integrate with the value-adding activities of firms, which then foster a country’s economic development. Second, there is lack of knowledge on how value is created, captured and distributed in young and growing firms through intangible assets, i.e., tacit and non-tacit knowledge. This brief discusses these topics.