PsycEXTRA Dataset 2000
DOI: 10.1037/e419592005-001
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Using Venture Capital to Improve Army Research and Development

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“…Economic theory suggests that the relationship between innovation and competition is positive, up to a point; when competition is too fierce, however, innovation suffers as competitors are forced into thinner and thinner profit margins, leaving them limited finances for research investments and reduced risk tolerance for the possibility of failed innovation efforts (Held and Chang, 2000). The overall relationship between innovation and competition is shaped like an inverted "U" with competition increasing innovation up to a point beyond which competitive pressure acts as a damper on innovation (see Figure 4.1).…”
Section: Competition and Innovationmentioning
confidence: 99%
“…Economic theory suggests that the relationship between innovation and competition is positive, up to a point; when competition is too fierce, however, innovation suffers as competitors are forced into thinner and thinner profit margins, leaving them limited finances for research investments and reduced risk tolerance for the possibility of failed innovation efforts (Held and Chang, 2000). The overall relationship between innovation and competition is shaped like an inverted "U" with competition increasing innovation up to a point beyond which competitive pressure acts as a damper on innovation (see Figure 4.1).…”
Section: Competition and Innovationmentioning
confidence: 99%
“…50 A Rand Arroyo Center Issue Paper in 2000 suggested that the "U.S. Army is having difficulty balancing its need for new technologies with the resources available to develop them. "51 The paper suggests that venture capital brings the efficiency in developing technology, access to commercial technology, flexibility to adapt, and the ability to leverage resources. It concluded that the Army should set up a not-for-profit venture capital corporation 52.…”
mentioning
confidence: 99%