Modularity has recently become an important concept in economics and management science alike (Ulrich 1995; Baldwin and … Clark 2000). However, it is not always clear what is meant by modularity as formal treatments are rare. The aim of this … paper is threefold. First, we want to provide a rigorous treatment of modularity. To this end we use Kauffman"s (1993) NK …

strategy, the acquisition of new capabilities, or new product development. Previous work on search and organizational hierarchy … explore the effect of an organizational hierarchy on solution stability, solution quality, and search speed. Three insights … arise on how a hierarchy can improve organizational search: (1) assigning a lead function that "anchors" a solution speeds …

Complexity theory has become influential in recent models in social science. In the context of innovations and new … process has received less attention. This paper discusses three families of complexity models of technological innovation …-parameterisation'. The paper ends with discussing the methodological challenges and critiques regarding the application of complexity theory …

complexity. We build a model of a complex project with unforeseeable uncertainty, simulating problem solving as a local search on … of time) and high complexity (large number of variables and interactions; this leads to difficulty in assessing optimal … actions beforehand). There are two fundamental strategies to manage innovation with unforeseeable uncertainty and complexity …