MOI 301 Digital Report Sem 1 2014 | Page 10

Management of Innovation 301 Digital Report Assessment important information benefits as those networks extend a company’s knowledge of potential technology applications to other industries (Lichtenthaler, Ernst and Conley 2011, 18). GroupMap could implement this strategy as they have group meeting tool technology knowledge. By licensing their technology, whoever wants to use the technology must pay for it. This not only can help GroupMap to gain some revenues but also at the same time, they can exchange information. CHONG JING TZE (16320341/7E2A9842) 9