One potentially powerful way of organizing in the new Internet world is through the medium of the virtual Internet community. An effectively managed virtual community provides economic gains to the community organizer and to its members. We attempt to build theory grounded in the study of...

By providing a nearly instant connection among parties at opposite corners of the world and enabling a variety of commercial exchanges, the Internet has emerged as the technology expected to create a truly global market space. Internet firms face the challenge of capitalizing on this...

We argue that incumbents may be in a position to adapt to radical technological change via interfirm cooperation with new entrants when the incumbents have complementary assets within their firm boundaries that are critical to commercializing the new technology. We study 889 strategic alliances...

A persistent theme in the academic literature on technological innovation is that incumbent enterprises have great difficulty crossing the abyss created by a radical technological innovation. It is argued that incumbents go into decline, while new entrants rise to market dominance by exploiting...

I argue that incumbent firms may adapt to a radical innovation through interfirm cooperation with new entrants. In particular, I suggest that incumbent firms may leverage their pre-innovation complementary assets via exploitation alliances with new entrants. Thus, exploitation alliances are...

Drawing on the organizational learning literature, we study the effect of alliance experience on alliance performance. We differentiate between firm-level general alliance experience obtained from alliances across a diverse set of partners and dyad-level partner-specific alliance experience...

We link the exploration-exploitation framework of organizational learning to a technology venture's strategic alliances and argue that the causal relationship between the venture's alliances and its new product development depends on the type of the alliance. In particular, we propose a product...

A brief discussion of the pros and cons of four different approaches to innovation and how these strategies are likely to interact when used in tandem. The four approaches discussed are recruiting and retaining superior human capital, internal R&D spending, strategic alliance, and acquisitions