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Essays On Innovation Strategy And Competition
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Book Synopsis Essays on Innovation, Strategy and Competition by : Haris Tabakovic
Download or read book Essays on Innovation, Strategy and Competition written by Haris Tabakovic and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Using this variation, this essay estimates the dollar elasticity of scholarly articles, new patent applications, and the citations that accrue to each.
Book Synopsis Essays on Competitive Strategy and Innovation Management by : Richard Dick Wang
Download or read book Essays on Competitive Strategy and Innovation Management written by Richard Dick Wang and published by . This book was released on 2010 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation examines product positioning and development strategies by firms. Product strategies not only determine a firm's performance, but they also influence the types of goods that are available in the market. I conduct empirical evaluations on how rivalries shape product decisions, and propose a framework that guides firms to devise incentive schemes to spur new ideas which are vital to the development of innovative products. I begin by focusing on product differentiation strategy among rivals. I develop a theoretical model on programming choice by rival broadcasters in the media industry. The model predicts that the level of product differentiation is determined by the relative strengths of the rivals. I test this model using data from the Chinese satellite television industry. I analyze dynamic product positioning activities of 30 satellite television channels with respect to their dominant rival. Consistent with theory, the empirical evidence shows that weaker firms are more responsive when compared to the stronger ones to differentiate their products from the dominant rival. In a second study, I focus on product imitation strategy among rivals. I empirically examine whether rivals imitate each other when they operate in uncertain market environments. Using data from the Chinese satellite television industry, I analyze product spatial distances between the satellite television channels before and after the commercialization of the dominant rival. I find that rivals cluster in product space when they are attacked by the dominant rival. Moreover, the level of clustering is most intense immediately following the industry shock, and less so as time progresses. I find mixed evidence on firms selectively cluster with rivals that are perceived to possess superior market information. In the final essay, co-authored with John Morgan, we propose how firms may employ tournament incentive schemes to stimulate innovations which are essential to creating new products. Governments and foundations have successfully harnessed tournaments to generate innovative ideas. Yet this tool is not widely used by firms. We offer a framework for managers seeking to organize tournaments for ideas. We present the theoretical underpinnings of tournaments. We then connect the theory with three recent business concepts - the power of the network, the wisdom of crowds, and the leverage of intrinsic motivations - that boost the effectiveness of tournaments.
Book Synopsis R & D, Innovation and Industrial Structure by : Boris Maurer
Download or read book R & D, Innovation and Industrial Structure written by Boris Maurer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: The common topic of this collection of studies is the interaction between innova tive activity of firms and industrial structure. I call this interaction technological competition. Firms invest into R&D in order to open up new or enlarge existing profit opportuni ties for the future. A successful R&D-project leads to an innovation. An innovation introduced into the market changes the competitive structure of the industry. At the same time the structure of the industry shapes the incentives to invest into R&D. What matters for these incentives is not so much the existing structure but the expected dynamic evolution of that industry which is again dependent on the innovative choice of firms. Amongst other things, the dynamic of industry evolution is therefore rooted in the dynamics of ongoing innovative activity. Of course, this is not always the whole sto ry. There are (more or less) exogenous factors, like knowledge spillovers from other sectors of the economy, technological breakthroughs in basic research that directly influence the state of competition in an industry by providing additional profit op portunities, etc. The same is true for exogenous changes in upstream markets or demand conditions. My main interest here is not primarily to understand these exogenous forces, but to develop a theory of how the process of firms' innovative activity is shaped by competition and in turn shapes future competition between firms in an industry.
Book Synopsis Innovation Strategies in Interdependent States by : John De la Mothe
Download or read book Innovation Strategies in Interdependent States written by John De la Mothe and published by Edward Elgar Publishing. This book was released on 2006-02-24 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the issues facing smaller regions and countries, John de la Mothe explores how innovation, strategy and interdependence shape their performance, competition, and futures. Innovation and interdependence are central elements of advanced and advancing economies. In our globalized world, the production of knowledge is continually evolving. This is reflected in the design of institutions and in the results on the standards of living that are achieved and sustained. It also implies new forms of competition. Increasingly, smaller countries, regions and cities that do not fit into traditional theories of growth are becoming leaders in technology-intensive products and quick followers in innovative practices. Often heavily committed to large emerging economic markets (such as China and India) and political hegemons (such as Germany, Japan, and the United States), smaller nations, regions and cities are playing an almost unprecedented role in the shape of things to come. By examining the texture of the new economy, paths to constructing advantage, and aspects of the cultures that lead to the new economy, this book provides a valuable and essential guide to scholars, policymakers, strategists and students.
Book Synopsis Essays on Competition, Innovation and Firm Strategy in Digital Markets by :
Download or read book Essays on Competition, Innovation and Firm Strategy in Digital Markets written by and published by . This book was released on 2015 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on Innovation, Product Development and Strategic Supply Chain Management by : Anand Nair
Download or read book Essays on Innovation, Product Development and Strategic Supply Chain Management written by Anand Nair and published by . This book was released on 2003 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Management Innovation by : William Lazonick
Download or read book Management Innovation written by William Lazonick and published by Oxford University Press. This book was released on 2012-03-08 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses the work, ideas, and influence of the doyen of business historians, Alfred Chandler, particularly on management innovation, strategy, organization, and finance.
Book Synopsis Influence of innovation on competitive advantage by : Jörg-Stefan Schöttler
Download or read book Influence of innovation on competitive advantage written by Jörg-Stefan Schöttler and published by GRIN Verlag. This book was released on 2004-01-28 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2003 in the subject Business economics - Offline Marketing and Online Marketing, grade: A, University of Otago (Marketing Department), language: English, abstract: "Radical innovation is innovation that has the power to change customer expectations, alter industry economics and redefine the basis for competitive advantage." – Gary Hamel, in 'Leading the Revolution' 1. Introduction Companies have always tried to create and capitalize on competitive advantages, ensuring profitability and long term survival. Due to the increasing competition in most markets, mainly caused by globalization, liberalisation and better information of the customers, the need to gain advantages in competition is now more essential than ever. Relevant to the quotation above, this essay discusses the proposition of GARY HAMEL that innovation is the key to achieve this goal. Additionally the links between innovation and competitive advantage are examined.
Book Synopsis Essays on Innovation, Product Development and Strategic Supply Chain Management by : Anand Nair
Download or read book Essays on Innovation, Product Development and Strategic Supply Chain Management written by Anand Nair and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Technologies for Exploration and the Pursuit of Innovation by : Brian Richard Gordon
Download or read book Technologies for Exploration and the Pursuit of Innovation written by Brian Richard Gordon and published by . This book was released on 2012 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Schumpeter introduced a new perspective on the nature of competition in market economies--one dominated by innovation and the dynamics of 'creative destruction'. In so doing, he opened up new perspectives on the nature of competition itself. At a more macro-level, the Schumpeterian perspective focuses on the role of innovation in transforming existing industries and markets and constructing new ones and shaping the competitive battles between firms. But perhaps even more importantly, where older models primarily focused on competition in product or factor markets, the Schumpeterian perspective forces consideration of the processes involved in invention, discovery, and capability creation; processes that underlie innovation and the dynamics of creative destruction. From this perspective, competition in markets is complemented by activities focused on knowledge creation and capability creation. For firms, knowledge creation becomes a strategic end unto itself; for scholars, the phenomena of knowledge creation comes center stage in the fields of strategy, entrepreneurship, and innovation. The essays presented here are focused on a set of technologies for exploration and innovation that underwrite Schumpeterian competition. The first essay proposes a theory of strategic domain pioneering that seeks to explain how organizations can develop new domains of scientific, engineering, and/or technological knowledge for strategic ends. The second essay examines how management control systems influence the construction of new organizational capabilities by influencing the outputs of an organization's dynamic capabilities. The third essay examines how management control systems influence the pursuit of exploration- and exploitation-related activities at the organizational level of analysis. The focus of all three is on the fundamental processes of knowledge creation that underwrite the process of innovation and capability creation at the core of Schumpeterian competition--processes at the very core of the fields of strategy, innovation, and entrepreneurship.
Download or read book Ph. D.-serie written by Milan Miric and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on the Production of Innovation by : Ankur Chavda
Download or read book Essays on the Production of Innovation written by Ankur Chavda and published by . This book was released on 2019 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation is central to both the competitive strategy of many firms and gains in productivity that lead to economic growth. How do we improve our ability to produce innovations? This dissertation studies three aspects of this question: staged development, vertical integration and venture capital. Staged development, common in many innovative settings including biotech and venture capital of ideas, involves partially funded an idea with the goal of learning more about that idea before additional funding is provided. My result suggests there are cases where committing to ideas, avoiding staged development, can lead to better outcomes. Staged development has the potential of distorting effort to an extent that outweighs any benefit provided by its implicit option value. Research units pursuing innovations can either be integrated within the firm exploiting those innovations or kept as a separate entity. I find that integration leads to a higher rate of new innovations. Separating the research unit can reduce its appetite for risk, changing both the rate and direction of innovation. Finally, uncertainty surrounds strategies to exploit innovations: new ideas by definition have not been tested by market forces. I show how venture capital plays a key role in resolving this uncertainty for entrepreneurs with new ideas. Specifically, venture capital provides the most value for entrepreneurs that are themselves the most uncertain about the underlying value of their ideas.
Book Synopsis Three Essays on Innovation and Entrepreneurship by : Sang Kyun Kim (Ph. D.)
Download or read book Three Essays on Innovation and Entrepreneurship written by Sang Kyun Kim (Ph. D.) and published by . This book was released on 2010 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Competition, Strategy, and Innovation by : Rafał Śliwiński
Download or read book Competition, Strategy, and Innovation written by Rafał Śliwiński and published by Routledge. This book was released on 2021-11-29 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the latest trends and technologies and their impact on enterprises, organizations or state administrations is essential to successfully develop a business in the age of Industry 4.0. This book presents a unique selection of topics and offers the reader an understanding of the implications of the newest technologies such as Artificial Intelligence (AI), Internet of Things (IoT), Augmented Reality (AR) and new trends like social media and sustainable competitiveness in business. It presents the impact of the newest trends on businesses, consumers, and the result on the economy. Contributions showcase the technical perspective of new technologies and provides an innovative and enriching perspective on the implementation of AI in e-commerce and the developmental barriers it can create, modern social media usage in enterprises, the newest trends in innovation management, sustainable competitiveness in the business context, the influence and effect of augmented reality, and the privacy problem of Internet of Things to consumers. This book illustrates how to develop innovation cooperation between business, academia and public institutions through the example of biopharmaceutical industry. It will be of value to researchers, academics, professionals, and students in the fields of economics, management, international business.
Book Synopsis Essays on Innovation Strategy by : Yeolan Lee
Download or read book Essays on Innovation Strategy written by Yeolan Lee and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This dissertation is comprised of in depth analysis on the broader topic of corporate innovation strategy, which identifies the mechanisms of how firms' factor market strategies shape product market strategies and consequent economic performance. The first chapter builds mathematical models, which show the performance implications of research and development (R&D) mode choices in connection with product market entry strategies. The second essay looks at the economic outcomes of the combination of various choices regarding R&D mode, time-to-market, and product innovativeness based on the pharmaceutical firms' new drug development data. The final essay investigates a fundamental question of this dissertation, specifically, how firms evolve their factor market and product market strategies in response to rivals' actions. Existing studies on the factor market strategy emphasize the use of an appropriate form for R&D to obtain high economic performance (Williamson, 1979). Research on the product market strategy, on the other hand, focuses primarily on the implementation of effective entry strategies to obtain high performance (Lieberman and Montgomery, 1989). Although numerous existing studies have found interesting implications regarding factor market or product market strategies, little effort has been made to reconcile these two types of the corporate innovation strategy. This dissertation investigates the simultaneous effects of factor and product market strategies on economic performance. In the models of this dissertation, firms can choose an R&D mode between in-house and in-license as part of their factor market strategies. For product market strategies, firms can decide on the timing of their new product introduction and the performance of the new products. This dissertation creates these choice sets and examines which choice set leads firms to obtain the highest economic performance. Moreover, a theoretical framework is provided, which explains how both factor market rivalry and product market rivalry evolve over time by interacting with each other. Many prior studies on product market rivalry have documented the existence of mutual forbearance between firms that share overlapping product markets. However, the impact of factor market rivalry on firms' behaviors has been less focused in prior studies. This paper fills this gap in existing research by investigating the impact of factor market and production market rivalries on the entry decisions of firms.
Book Synopsis Essays on Technology and Innovation by :
Download or read book Essays on Technology and Innovation written by and published by . This book was released on 2009 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IT age is marked by innovative approaches to the online commerce. Technology as the core of innovation has undergone numerous evolutions through the "creative destruction." Motivated by the phenomena and the challenges in the technology-driven markets, I explore the economic role of innovation from different angles in the following essays. Chapter 1 focuses on firms' competitive strategies while constructing novel business models in delivering online services. In particular, I am interested in their bundling of marketing services with the core business. In a game theoretic model, I derive competing firms' equilibrium strategies with choices between three business models, no ad-support, ad-support with the optional advertising strategy, and the mandatory advertising strategy, and find that competitive business models can be differentiation-driven or advertising driven depending on market ad aversion. Interestingly, mandatory advertising weakly dominates optional advertising under certain market conditions. My findings offer new insights to the bundling literature. Chapter 2 examines the performance-based auction model in the iconic online advertising innovation, keyword auctions. I analyze advertisers' decision of utilizing their existing reputation from a primary auction upon entering a new auction. The short-term and long-term setups are modeled for analyzing seasonal marketing in a new auction and branding a new product, in examining the impact of new market size, performance, and risk on advertisers' decisions. While an optimistic new market encourages reputation stretching, in the long-term setup it further depends on the performance difference between the two markets. A higher risk is found to induce stretching under intensive competition for both cases; in the long-term, stretching decision is determined by the market size. Chapter 3 examines the connection between business cycles and innovation and offers insights for regulatory innovation policies. Combining endogenous market structure with the dynamic game framework, I study the Markov perfect equilibrium where heterogeneous firms choose their innovation rates. I find that increased per-capita income tends to improve aggregate innovation, while income inequality shocks may reduce innovation conditional on the market structure. I also find subsidies to dampen innovation incentives, and policies such as tax credits that reduce the variable R & D costs to have positive effects on innovation.
Book Synopsis Innovating Strategy Processes by : Steven W. Floyd
Download or read book Innovating Strategy Processes written by Steven W. Floyd and published by John Wiley & Sons. This book was released on 2009-02-09 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovating Strategy Process presents a series of reflective essays by established and emerging scholars on the subject of innovation, considering it both as an outcome of strategy and as a process in itself. Contains new ideas and rich case descriptions that will trigger creative thinking about how to design a more innovative strategy process. Offers new conceptual frameworks for analyzing and designing strategy process. Addresses cutting-edge topics, such as play as the means and art as the impetus for strategy-making; the role of emotion in new venture decision-making; and science and entrepreneurship as a source of innovative strategies. Signals the future direction of the field.
