Knowledge & Innovation IG

Founder–inventors and their investors: Spurring firm survival and growth

The role of founders and founder competences is critical as firms progress along their life cycles, whereby founders face decisions about which tasks deserve their attention and which ones they…

Shane Greenstein on the Decline of Encyclopedia Britannica

An established and leading firm, such as Encyclopædia Britannica, would seem to have enormous advantages over its competitors in a new market. Why would a successful firm come to have…

Kauppila, Bizzi and Obstfeld: Connecting and Creating

To innovate, managers are often advised to make strategic decisions based on changes in their external business environment. Our research suggests that managers should also consider how strategic decision‐making enables…

A fresh look at patterns and assumptions in the field of entrepreneurship

Has the entrepreneurial journey remained unchanged over the past decades? And if there have been substantive changes, what are they? And what are their implications? These are critical questions that…

The Nanoeconomics of FirmLevel DecisionMaking and Industry Evolution

What determines firm outcomes in terms of acquisition, dissolution, and survival? This article answers this crucial question of strategy and elaborates on the extent to which the outcome is under…

Rockart & Dutt on competitive advantages from learning

This paper examines differences in the rate and potential of firms’ capability development trajectories. Capability development trajectories are the paths over which firms’ capabilities change with experience and other activities.…

If You Want to Innovate, Follow These 5 Steps

How do innovators from lower levels of an organization gain approval for their innovations especially when their ideas do not readily fit their organization’s strategy? To explore this question, we…

JP Eggers: Reversing Course: Competing Technologies, Mistakes, and Renewal in Flat Panel Displays

Firms facing technological uncertainty may need to recover from unlucky bets. But responding to failure is politically and organizationally difficult. This study explores how IBM recovered from its failed bet…

Platform Ecosystems as Metaorganizations

Platform ecosystems have spurred new products and services, sparked innovation, and improved economic efficiency in various industries and technology sectors. A distinctive feature of the platform architecture is its modular…

Value creation in innovation ecosystems

Why do some new technologies emerge and quickly supplant incumbent technologies while others take years or decades to take off? We explore this question by presenting a framework that considers…