London Extension
Innovation in an Interconnected World: The Impact of Institutions, Governance, and Competition on the Rate and Direction of the Innovative Effort

Friday, September 16, 2016


picture of Igor Filatotchev
Igor Filatotchev
King's College London
picture of Elena Novelli
Elena Novelli
Bayes Business School, City, University of London

Registration Fees

Now - Sept. 1 After Sept. 1
Member US$ 85 US$ 105
Non-Member US$ 135 US$ 155


Cass Business School

An integral part of City University London, Sir John Cass Business School is among the global elite of business schools that hold the gold standard of 'triple-crown' accreditation from the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA) and the European Quality Improvement System (EQUIS).

London Extension Registration


In the last few decades many new phenomena, such as globalization and digitization, have changed the world by enabling the connection between organizations and individuals across geographies, institutions and industries. The resulting complex nexus of interdependent relationships has dramatically changed the way in which firms operate. As a consequence of this fast- changing world, innovation becomes a strategic priority. Being a fundamental antecedent of competitive advantage, the ability to innovate determines the fate of firms and countries. The aim of this extension workshop is to bring together leading scholars in the field of strategy and innovation to discuss the extent to which the institutional, organizational and competitive environments in which firms operate have changed and the implications of these changes on the direction and quality of the innovative efforts of organizations. The workshop will be organized as a sequence of three panel sessions focused around key subthemes: Institutions, Governance, and Competitive Environment.

PANEL 1: Institutions and Innovation. By determining the level and quality of regulation, economic infrastructure, and strategic factor markets, institutions can exert a significant impact on the firm- and industry- level innovation processes. In the last few decades, most firms have expanded their activities across institutional environments. This raises interesting questions regarding the scalability and robustness of innovative business ideas across institutional settings.

PANEL 2: Governance and Innovation. Existing research suggests that corporate governance exerts a relevant impact in determining firms’ Research & Development (R&D) activities by affecting the level of risk/return that managers are willing to take and their short- versus long- term incentives. In the last decades, many changes have occurred in the way in which individuals or organizations fund their R&D expenditures, with the emergence and global expansion of new phenomena such as open innovation and crowd funding. These phenomena raise several issues regarding the control and monitoring of the R&D investment that will be discussed in this session.

PANEL 3: Competition and Innovation. The characteristics of competition both in the technological and product spaces have an important role in determining the quality and quantity of innovation at the system level. Recently, we have seen the emergence of interconnected complex product systems, i.e. contexts in which products are made up of a large number of parts and characterized by a high number of interactions. This change at the product-level has been mirrored by several changes in the dynamics of competition and cooperation between firms. Reflecting on these issues is the purpose of this panel session.

Meet the Editors: This session will provide reflection on the relevance of the Workshop’s themes for strategy and management journals.


Gautam Ahuja

University of Michigan

Garry Bruton

Texas Christian University

Gary Dushnitsky

London Business School

Sendil Ethiraj

London Business School

Igor Filatotchev

City University of London

Jan Hendrik Fisch

Vienna University of Economics and Business

Alfonso Gambardella

Bocconi University

Elena Novelli, City University of London

Gianvito Lanzolla

City University of London

Matthew Semadeni

Arizona State University

Mike Wright

Imperial College London

Tentative Schedule

09:00 – 10:45      Panel 1

10:45 – 11:00      Coffee Break

11:00 – 12:45      Panel 2

13:00 – 14:00      Lunch

14:00 – 15:45      Panel 3

15:45 – 16:45      Meet the Editors

16:45 – 17:00      Wrap-up/Closing