'Teece's work provides an example of what can be achieved through high-quality analysis... the thinking manager, as well as the student, will get much out of Teece's hardheaded approach to his subject matter, and there are significant lessons to be learned from the experience of innovating companies. All in all, this is a book to be strongly recommended.' -European Management Journal'A rigourous analysis... With his characteristically scholarly approach, Teece offers guidance on how companies can unlock their stores of 'intangible assets' by unleashing the capabilities and unique skills embodied in the practitioners and managers of companies.' -Technovation'This book is the first comprehensive treatment of the business economics of the knowledge economy. As such, it is of great interest to all scholars and business practitioners concerned with the firm-level (micro) and economy wide level (macro) foundations of the knowledge driven economy.' -Technovation'In today's competitive environment, the management of intellectual capital is at the core of every firm's success or failure. Teece's book is the best one I know of in treating this topic seriously and providing a useful framework for capturing the value from intellectual assets.' -Professor Charles O'Reilly, Frank Buck Professor of Human Resource Management and Organisational Behavior, Stanford University'Only a few people seem to get it, and David Teece is surely one of them. The old economy provided businesses little opportunity to earn super normal returns. Teece's Managing Intellectual Capital helps unlock the potential all companies have to earn genuine rents from their intangible assets, particularly from their people whose unique skills and gifts remain seriously underutilized.' -Craig B. Wynett, General Manager, Future Growth Initiatives, The Procter andamp; Gamble Company'Teece moves easily between theoretical study of his subject and practical applications for his thinking regarding organisational structures and business strategy.' -Financial AdviserThe astute management of technology is essential for firms who wish to compete within the new economy. In this in-depth study, David Teece considers how firms can exploit technological innovation, protecting their intellectual capital, while staying ahead of the competition. Providing frameworks as well as practical advice, he looks in particular at the organisation structures most likely to support innovation, and how managerial decisions and strategy affect the division of the gains. Essential reading for academics, managers, and students alike who want to keep abreast of contemporary strategic challenges.