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New Product Innovation With Multiple Features And Technology Constraints, Kathy A. Paulson Gjerde, S. A. Slotnick, M. J. Sobel
New Product Innovation With Multiple Features And Technology Constraints, Kathy A. Paulson Gjerde, S. A. Slotnick, M. J. Sobel
Scholarship and Professional Work - Business
We model a firm's decisions about product innovation, focusing on the extent to which features should be improved or changed in the succession of models that comprise a life cycle. We show that the structure of the internal and external environment in which a firm operates suggests when to innovate to the technology frontier. The criterion is maximization of the expected present value of products during the life cycle. Computational studies complement the theoretical results and lead to insights about when to bundle innovations across features. The formalization was influenced by extensive interviews with managers in a high-technology firm that …
The Effects Of Business-University Alliances On Innovative Output And Financial Performance: A Study Of Publicly Traded Biotechnology Companies, Gerard George, Shaker A. Zahra, D. Robley Wood
The Effects Of Business-University Alliances On Innovative Output And Financial Performance: A Study Of Publicly Traded Biotechnology Companies, Gerard George, Shaker A. Zahra, D. Robley Wood
Research Collection Lee Kong Chian School Of Business
Companies in the biotechnology industry face major challenges in developing and commercializing new products. Focusing on publicly traded biotechnology firms that are not members of university incubators or research parks, this paper argues that the links these companies develop with universities can have beneficial effects on a company's operations. Analysis of 2457 alliances undertaken by 147 biotechnology firms shows that companies with university linkages have lower research and development (R&D) expenses while having higher levels of innovative output. However, the results do not support the proposition that companies with university linkages achieve higher financial performance than similar firms without such …
Innovation And The Economy, Mario Pianta, J. Michie, C. Oughton
Innovation And The Economy, Mario Pianta, J. Michie, C. Oughton
Mario Pianta
Unemployment has remained at relatively high levels across most European countries for a generation now. There have been a number of suggested explanations for this, with correspondingly different policy implications. Two of the major hypotheses relate, first, to the impact on the European economies from increased international competition, and `globalisation’ more generally, and, secondly, to the effects of new technology and innovation. The effects of both globalisation and technology on growth and employment in Europe have been researched over the past two years through an EU-funded project, the results of which, relating in particular to innovation, are reported in this …
Competition And Innovation: Small And Medium Enterprises In The New Economy, Boon-Chye Lee
Competition And Innovation: Small And Medium Enterprises In The New Economy, Boon-Chye Lee
Faculty of Commerce - Papers (Archive)
The advent of the "New Economy" has important implications for how small and medium-sized enterprises will compete. This. paper proceeds by examining the key characteristics of the industries of the New Economy, and what they mean from the perspectIve of innovation and competition for SMEs.