Licensing proprietary technology to foreign competitors is the best way to give up a firm's competitive advantage. Discuss.

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Related questions

If a firm possesses proprietary product technology, the best option for that firm would be to:

A. Manufacture the product in-house so that it does not lose its competitive advantage.

B. Outsource the production activities to independent suppliers in order to realize economies.

C. Merge with competitors to reduce investments in technology.

D. Share the technology to make the industry more competitive.

E. Transfer the technology to less developed countries.

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A licensing agreement is an arrangement whereby a licensor grants the rights to intangible property to another entity (the licensee) for a specific period, and in return, the licensor receives a royalty fee from the licensee. Remember that technological know-how constitutes the basis of many multinational firms' competitive advantage, and a firm can quickly lose control over its technology by licensing it. What would be the solution to this dilemma?