Features of Knowledge Intensive Business Services from Innovation Aspects
https://doi.org/10.21845/comp/2014/1/10
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Abstract
Based on the innovation approach to services this paper defines knowledge intensive business services and gives an overview of their features from innovation perspectives. It finds that different service activities are related to innovation systems to varying extents. Compared to other sectors, services lack stimulative institutional and other formal support systems that may act not only as knowledge centres for companies but could also contribute to both the protection and spread of innovation. In contrast with production, the absence of an efficient protection of intellectual property indicates a significant risk in the service sector, and hinders optimal knowledge transfer and results in waste and duplication in innovation efforts.
Journal of Economic Literature (JEL) Classification: O31, O32, L84
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