The problem: flying blind -- Misconception 1: small companies are more innovative -- Misconception 2: uncontested markets are good for innovation -- Misconception 3: spending more on R&D increases innovation -- Misconception 4: companies need more radical innovation -- Misconception 5: open...

One of the key mechanisms of firms' strategic renewal is Ramp;D, and a key driver of the intensity of Ramp;D is industry context. A number of theories develop propositions linking industry factors to firm Ramp;D behavior, but these theories lack consensus. To date empirical tests have been...

A fundamental question in corporate strategy is how headquarters in multibusiness firms can create value above and beyond the burden of its own overhead. The leading theories from Chandler and Williamson hold this is possible through resource allocation across businesses. Yet there are...

Innovation is the principle driver of firm and economic growth. Thus one disturbing trend that may explain stagnant growth is a 65% decline in firms' RQ. We propose that the rise of outside CEOs is partially responsible for the decline. While this proposition was motivated by interviews with...