Abstract

The article explores corporate strategies for technological innovations. It presents information on acquisition of invention or inventor in a business sector. This article describes imitation as one of several follow-up approaches which a firm, or nation, can pursue in advancing technologically. The very term follow-up approaches presuppose that there is someone or something to follow up. The essence of follow up exists in those instances in which the firm, in a competitive or defensive reaction to a new invention, undertakes an essentially noncreative technological strategy. At the national level, following up may be an extremely attractive technological strategy for less-developed countries, which lack the sophisticated scientific and technical resources necessary to support creative activities but which are endowed with relative advantages in other factors of production such as labor and energy.