This article compares the relationship between patent quality and patent value in discrete and cumulative innovation. Using factor analysis and a set of various commonly used patent quality indicators including claims, citations and family size, we build a quality factor jointly driving all...

The rise of the network as a form of economic organization renders problematic our standard understanding of how capitalism is governed. As the governance of production shifts from vertical integration to horizontal contract, a puzzle arises: how do contracts, presumed to be susceptible to...

“Software platforms are the invisible engines that have created, touched, or transformed nearly every major industry for the past quarter century. They power everything from mobile phones and automobile navigation systems to search engines and web portals. They have been the source of enormous...

Open innovation allows large organizations to collaborate across a wide ecosystem of potential partners, reducing risk and increasing the potential for successful disruptive products and services. In China, appliance giant Haier has experienced significant success using its HOPE platform, which...

The traditional view of innovation, which implies that companies innovate on their own, has been recently challenged by the 'open' innovation concept promoting the use of external knowledge. Collaboration between firms has always existed in one way or another, however, large-scale open...

New airline models are generational developments. For a particular market segment, a new model will be introduced perhaps every thirty years. Any new model will contain many innovations over the older model it supplants. Developing these innovations into an airliner introduces uncertainties,...

Herein I outline an alternative theory of contract and contract enforcement. This theory is based upon two claims, one positive and one normative. The first claim is that incomplete contracting theory fails to explain how economic actors govern production in the new economy. Theories of...

The management of technology acquisitions - acquisitions of small technology based firms by large established firms - poses a dilemma in terms of how to organize for innovation. Acquirers must integrate acquired firms in order to exploit their capabilities and technologies in a coordinated...

This paper presents a longitudinal study on the evolution of the retail banking sector in the United Kingdom (UK) following the adoption of automated payments in the 1970s. The analysis is cast in the context of innovation studies and looks at the process of industry evolution by highlighting...

Research highlights the role of external knowledge sources in the recognition of strategic opportunities, but is less forthcoming with respect to the role of such sources during the process of exploiting or realizing opportunities. We build on the knowledge-based view to propose that realizing...