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As a first step towards understanding the evolution of small groups in firms, this paper develops and tests a simple decision-theoretical model of research-unit evolution in which, as managers resolve their uncertainty over time, they shut down under-performing units and remove under-performing...
Persistent link: https://www.econbiz.de/10011561890
We use detailed product- and firm-level data to study the sources of innovation and the patterns of productivity growth … innovation efforts of the firms and has important implications for revenue growth, improvements in products' quality, and …
Persistent link: https://www.econbiz.de/10012957457
We propose a new measure of the economic importance of each innovation. Our measure uses newly collected data on … suggests that technological innovation accounts for significant medium-run fluctuations in aggregate economic growth and TFP …
Persistent link: https://www.econbiz.de/10012938593
Every decision to pursue a strategic new product development (NPD) initiative has substantial implications for firm performance. However, at the time resource decisions are made, senior level decision makers often lack precise knowledge about the effectiveness of the firm's resources when...
Persistent link: https://www.econbiz.de/10014044621
Our study shows empirically that the choice of resource allocation strategy affects innovation performance. A policy of … allocating resources to a broader range of innovation projects increases sales of new products, especially if these are truly … stronger for firms that allocate resources more selectively at later stages of the innovation process. Based on these results …
Persistent link: https://www.econbiz.de/10009424123
The rapid productivity gains achieved by technological innovations in the 20th century have slowed in recent decades. This has come at a time of increased market concentration. In this paper, I explore how dominant companies in concentrated sectors have siphoned off inventors that might have...
Persistent link: https://www.econbiz.de/10014244203
We study the interaction of customer capital and productivity through brand reallocation across firms. We develop a firm dynamics model with brands as transferable customer capital, heterogeneous firm productivity, and variable markups. We study the matching process between transferable brand...
Persistent link: https://www.econbiz.de/10015062505
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