Digital Commons Network^™

Activating Actavis, Aaron Edlin, C. Scott Hemphill, Herbert J. Hovenkamp, Carl Shapiro

Aaron Edlin

In Federal Trade Commission v. Actavis, Inc., the Supreme Court provided fundamental guidance about how courts should handle antitrust challenges to reverse payment patent settlements. The Court came down strongly in favor of an antitrust solution to the problem, concluding that “an antitrust action is likely to prove more feasible administratively than the Eleventh Circuit believed.” At the same time, Justice Breyer’s majority opinion acknowledged that the Court did not answer every relevant question. The opinion closed by “leav[ing] to the lower courts the structuring of the present rule-of-reason antitrust litigation.”This article is an effort to help courts and counsel …

Actavis And Error Costs: A Reply To Critics, Aaron S. Edlin, C. Scott Hemphill, Herbert J. Hovenkamp, Carl Shapiro

Aaron Edlin

The Supreme Court’s opinion in Federal Trade Commission v. Actavis, Inc. provided fundamental guidance about how courts should handle antitrust challenges to reverse payment patent settlements. In our previous article, Activating Actavis, we identified and operationalized the essential features of the Court’s analysis. Our analysis has been challenged by four economists, who argue that our approach might condemn procompetitive settlements.As we explain in this reply, such settlements are feasible, however, only under special circumstances. Moreover, even where feasible, the parties would not actually choose such a settlement in equilibrium. These considerations, and others discussed in the reply, serve to confirm …

Lighting The Flame Of Entrepreneurship Among Agribusiness Students, Christiane Schroeter, Lindsey Higgins, Carlyn Wright

Christiane Schroeter

Promoting Innovation And High-Tech Entrepreneurship In Historically Black Colleges And Universities: An Exploratory Research, Bivek Adhikari, Alexis Bliese, Elon Davis, Leila Halawi

Leila A. Halawi

This study explores the current state of innovation and high-tech entrepreneurial initiatives in Historically Black Colleges and Universities (HBCUs). Previous research showed that institutions’ environment, faculty empowerment, organizational trust, early stage capital, innovation centers and innovative teaching practice had a major effect to support innovation and foster tech-entrepreneurship. We present our conceptual model. The final section explains the current state of research and implications for future research are discussed.

Moving Education In2 The Future: Creating The Next Generation Of Innovators, Lawrence Bergie, Britta W. Mckenna

Britta McKenna

What started as planning for the next generation of inquiry-based learning led to an entirely new center for innovation and entrepreneurship! Hear how this innovative idea moved to the design of a physical innovation hub and see how IMSA has transformed a former computer lab IN2 a working prototype of their future space. Dive into the many aspects of creating innovation spaces: design process, STEM foundation and entrepreneurship cornerstone, Makerspace development through a student leadership and service initiative, collaboration potential with community partners and local/regional business entities, student inquiry and research potential and the ability to showcase area emerging technology …

Give Up, Catch Up, Or Keep Up With Innovation? An Educator's Dilemma, Britta W. Mckenna

Britta McKenna

Don't look now, but your students want more than the three R's for their school experience. Innovation, technology, entrepreneurship and the Maker Movement are changing what our students want to do and be in the future beyond what we can imagine today. Schools and teachers need to figure out how to respond to the DIY generation of makers emerging and be prepared to reshape education. In an information-rich age of smart phones, online learning, coding, gamification, apps, Internet of Things and digital badges, are today's schools ready for tomorrow's students?

The Value Of Creating An Innovation Talent Pipeline, Britta Mckenna

Britta McKenna

Investing in the innovation pipeline today translates to Illinois business tomorrow. Somewhere between the rise of “STEM” and “staying globally competitive” in a time after Millennials is Generation Z. Gen Z digital natives are now making their way to and through primary and secondary education and we need to be ready to nurture the emerging talents of these and other future innovators. This is particularly important in Illinois where developing – and retaining – top talent will be a key driver of the state’s knowledge-based economy. There is hard work ahead reimagining what education should look like to support this …

Creative Achievement And Intelligence In Student Entrepreneurs, Todd A. Finkle, Mark Shrader

Todd A Finkle

Do Moocs Pose A Threat To Higher Education?, Todd A. Finkle, Evan Masters

Todd A Finkle

Using Strategic Partnerships To Create A Sustainable Competitive Position For Hi-Tech Start-Up Firms, Arnoud De Meyer

Arnoud DE MEYER

In most cases these companies chose or were forced to engage in a technology partnership in order to develop and survive. As one would expect, some of these partnerships succeeded whilst others failed. With hindsight it occurred to the author that success or failure was not necessarily a random event, or idiosyncratic to one particular company, but that there seemed to be a pattern. Some partnerships failed because they were a strategic misfit, others probably because they were badly implemented. Based on these clinical case studies, The author addresses these questions: when and under what conditions a partnership is needed; …

Philanthropic Innovation And Creative Capitalism: A Historical And Comparative Perspective On Social Entrepreneurship And Corporate Social Responsibility, Shruti Rana

Shruti Rana

Each generation creates its own philanthropic bodies, with novel structures promising both increased sustainability and efficiency. From the seventeenth-century financial imperialists to today’s internet entrepreneurs, innovation, wealth, and philanthropy have moved in tandem, shaping one another and resulting in new philanthropic forms. The most recent of these emerging entities is the “for-profit charity,” which relies on market profits and market principles to replace donations and to maximize its impact. Current philanthropic literature praises these market-based structures as revolutionary innovations that enhance long-term sustainability, and the focus of legal reforms falls along these lines. Yet the legal literature fails to fully …

Open Source Software To Teach Technology Entrepreneurship Concepts And Practices, Maurice E. Dawson Jr., Jorja Wright, Jonathan Abramson

Maurice Dawson

Open source software (OSS) in academia can have multiple types of implementations and positive returns. This paper explores the use of OSS as a method to teach entrepreneurship concepts and practices to Science, Technology, Engineering, and Mathematics (STEM) majors. OSS allows for individuals to contribute and provide support services for applications. This will allow students to gain expertise in low level design, software project management, and software consulting services in order to successfully deploy their own spin off company. Covered in this submission will be examples of how the Linux software project development groups, mobile application development, video game design, …

The Hogan Entrepreneurial Leadership Program: An Innovative Model Of Entrepreneurship Education, Paul F. Buller, Todd A. Finkle

Todd A Finkle

Sustainability Through Profitability: The Triple Bottom Line, Connie I. Reimers-Hild

Connie I Reimers-Hild, PhD, CPC

Today’s highly competitive, globalized world requires organizations and businesses to think differently about how they are going to stay in business. Businesses can no longer afford to focus on profits as their sole purpose for existence. Organizations must instead think about the “Triple Bottom Line” and its implications for their ability to grow their brand, customer loyalty and profits.

Entrepreneurial Leadership And Teamwork: The Key To Innovation In The 21st Century, Connie I. Reimers-Hild, Susan N. Williams

Connie I Reimers-Hild, PhD, CPC

Entrepreneurial leadership and continuous innovation are vital components of 21st century communities and organizations. Entrepreneurial leaders must realize the importance of environmental, social and global issues while creating an atmosphere of innovation designed to help followers become more entrepreneurial themselves. Entrepreneurial individuals and teams have the ability to recognize and capitalize on opportunities, innovate, take risks, adapt to rapid change and marshal resources to achieve their goals. When individuals come together as an effective team, they can produce a synergy to meet the demands of a rapidly changing and competitive work environment. Therefore, entrepreneurial leaders must develop entrepreneurial individuals and …

Economic Outlook 2010: Innovation, Connie I. Reimers-Hild

Connie I Reimers-Hild, PhD, CPC

This article discusses the importance of innovation to individuals and the overall economy.

Innovation Engine, Arcot Desai Narasimhalu

Arcot Desai NARASIMHALU

This paper describes a meta-model for innovation using an automobile engine as a metaphor. This innovation meta-model is used to manage a collection of innovation models. We develop an algorithm to identify innovations with potential for success using this meta-model. This meta-model can be used by corporations and individuals to identify plausible innovations at any given point in time.

Innovation Stack - Choosing Innovations For Commercialization, Arcot Desai Narasimhalu

Arcot Desai NARASIMHALU

This paper describes a method for enterprises to order the innovations of interest according to a number of parameters including their own business strategy and core competencies. The method takes into account aspects such as ability to create entry barriers and complementary assets. Enterprises can now use this method to both filter out innovations that may not be of interest to them and then order the short listed or selected innovations according to their attractiveness.

Designing The Value Curve For Your Next Innovation, Arcot Desai Narasimhalu

Arcot Desai NARASIMHALU

This paper introduces an additional feature to the Strategy Canvas and Value Curve that will make innovation designers more effective. The new feature is to let the innovators carry out the designs of their new innovations taking into account both the cost of improving the quality of a parameter that the users value highly and the savings accrued from the drop in provisioning for parameters that users place less emphasis in an innovation.

Prior Knowledge And New Product And Service Introductions By Entrepreneurial Firms: The Mediating Role Of Technological Innovation., Patrick Murphy, Jintong Tang

Patrick J. Murphy

Most research on new product and service development by entrepreneurial firms takes an individual-level, pre-launch perspective or firm-level post-launch perspective. Our study examines two components of the new product and service introduction process: how entrepreneurs’ prior knowledge underpins (1) firm technological innovation prior to the introduction of new products and services (pre-launch) and (2) post-launch viability of those new products and services. Our findings, based on a series of analyses of data from 158 entrepreneurial firms, show that formal technological innovation fully mediates the relation between prior knowledge and the introduction of viable new products and services.

Apple Inc.: Product Portfolio Analysis, Michael Mallin, Todd A. Finkle

Todd A Finkle

Richard Branson And Virgin, Inc., Todd A. Finkle

Todd A Finkle

Fueling Innovation Through Information Technology In Smes, Clay Dibrell, Peter S. Davis, Justin B. Craig

Justin B. Craig

This paper describes a study that investigates the mediating effects of information technology (IT) on the relationships among product and process innovations and firm performance (measured in multiple profitability and growth rate metrics). Using structural equation modeling on a sample of 397 small and medium-sized enterprises (SMEs), we find evidence that (1) increases on the strategic emphasis placed on innovation, both product and process, positively impact the prominence managers place on IT; (2) the impact of innovation (both product and process) on performance (both profitability and growth) is primarily indirect, felt via the mechanism of the importance managers place on …

Knowledge, Technology Trajectories, And Innovation In A Developing Country Context: Evidence From A Survey Of Malaysian Firms, Deepak Hegde, Philip Shapira

Philip Shapira