Innovation

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…

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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…

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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…

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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…

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Christian Stadler on Erwin Danneels about innovation & competence renewal

This study examines how product innovation contributes to the renewal of the firm through its dynamic and reciprocal relation with the firm’s competences. Field research in five high-tech firms of…

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Mahka Moeen and Rajshree Agarwal: Incubation of an Industry

New technological breakthroughs present managers of existing firms and aspiring entrepreneurs with opportunities to create altogether new industries. During the vibrant incubation period, we find that multiple firms capitalize on…

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The Evolution of Cooperation in the Face of Conflict

Firms in innovation-driven industries cooperate to develop interoperability standards and compatible technologies. Yet, cooperative firms may disagree about what constitutes fair, reasonable, and non-discriminatory terms for licensing intellectual property. Thus,…

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Aaron Chatterji & Kira Fabrizio – User innovation (SMJ 2013 & 2014)

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Surrendering Control to Gain Advantage

Conventional wisdom holds that firms must control scarce and valuable resources to obtain competitive advantage. That being said, over the past decade, many firms—among them Computer Associates, IBM, and Nokia—embarked…

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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…

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