Abstract
Complementarities – when two or more items are more valuable in combination – can be vertical or horizontal, and they can involve user utility, prices, and/or technologies. They are important for innovation because most technologies require complementary technologies if their full value is to be realized. Complementarities are important for strategy in a number of realms, including the setting of prices, investments, and the boundaries of the firm.
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Teece, D.J. (2018). Complementarities. In: Augier, M., Teece, D.J. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-00772-8_43
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DOI: https://doi.org/10.1057/978-1-137-00772-8_43
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