As digital technologies increase the occurrence of big bang disruptions across industries, companies old and new find they have less time both to profit from their own disruptor and to unleash the next one. This article describes the drivers of this phenomenon, and offers strategic responses...

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 basis of competition in today’s marketplace is changing from one based on human labor, to one where the principle source of value creation is an organization’s knowledge, and the organization’s ability to rapidly acquire new knowledge through learning. The rise of the knowledge economy...

Although much of the innovative activity prompted by the incentive of intellectual property rewards occurs within the context of the firm, relatively little attention has been paid to intellectual property law in light of the theory of the firm. Modern theories of the firm have developed from...

In his /The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail/ published in 1997, Clayton Christensen presents his arguments of how and why leading incumbents failed to respond to the technological straightforward changes in the hard disk drive industry and thus went...

Intellectual property frequently carries with it exclusive rights not only over the primary subject matter of the rights granted, but also over ancillary subject matter that is not within the definition of the primary grant, as for example in the patent doctrine of contributory infringement....

This study focuses on the demand sector of smart factories, especially policies related to the introduction of smart factories by small and medium sized manufacturers. As will be explained later, discussions focusing on SMEs are important because the gap in capacity and resources between large...

Any business can be devastated virtually overnight by a new offering that is both better and cheaper. We call this strategy “Big Bang Disruption,” because its introduction signals the complete and often sudden re-invention of the industries it affects. This article describes the special...

Market-based instruments are widely used to encourage innovation and investment in cleaner technologies. Using a simple analytical framework and graphical representations, this paper provides a theoretical synthesis of the relationship between emissions prices/taxes and the firm's optimal...

This paper investigates the barriers to innovation perceived by Polish manufacturing firms. It refers to the heterogeneity of innovation active firms. We introduce a taxonomy of innovative firms based on the frequency with which they introduce commercialised innovations using data from both CIS4...