Algorithm-enabled decision support has an increasingly important role in supporting the day-to-day operations of healthcare organizations. Yet, fully realizing the value of algorithmic decision support lies critically in the opportunity to re-engineer the related processes and redefine roles in...

Economists have often viewed the adoption of artificial intelligence (AI) as a standard process innovation where we expect that efficiency will drive adoption in competitive markets. This paper models AI based on recent advances in machine learning that allow firms to engage in better...

Der Wettbewerb zwischen Supply Chains von Unternehmen ist dynamischer denn je. Einerseits haben jüngste Disruptionen die Anfälligkeit moderner Lieferketten verdeutlicht. Andererseits führen steigende Kundenerwartungen und strenge Regulatorien zu erhöhtem Wettbewerb zwischen Supply Chains. Um...

Economists have often viewed the adoption of artificial intelligence (AI) as a standard process innovation where we expect that efficiency will drive adoption in competitive markets. This paper models AI based on recent advances in machine learning that allow firms to engage in better...

We document the role of process innovation as a distinct source of corporate technological advantage. Using machine-read textual analysis of 90 million patent claims, we provide the first large-sample empirical evidence that operational cost inefficiencies are the primary driver of process...

In this paper we provide a methodology that jointly studies production and demand for multi-product firms using detailed firm-product level data from Denmark. We estimate marginal cost by combining production function estimation with a cost function that allows for quasi-fixed inputs. We use a...

This paper studies how reduced oversight creates an incentive for process innovation. With incomplete contracts, tight monitoring of workers creates a ratchet effect of innovation. Under reduced oversight, a worker accrues private knowledge about his innovation, which serves as a substitute for...

Trotz der der nach wie vor guten Rahmenbedingungen für Innovationsaktivitäten verringert sich der Anteil innovativer Unternehmen in der Schweiz. Eine ähnliche Entwicklung beobachten wir auch in Deutschland und Schweden. Insgesamt hat sich der Anteil der Unternehmen mit Produktinnovationen in...

Problem definition: Process innovation is commonly claimed to be a major source of competitive advantage for firms. Despite this perceived influence it has received substantially less attention than product innovation and much uncertainty remains about its true association with firm performance....

Für viele Unternehmen, insbesondere im Maschinen- und Anlagenbau, kommt es mehr denn je darauf an, Wettbewerbsvorteile auf Basis von Technologien zu entwickeln. Der Schlüssel zum Erfolg liegt dabei keineswegs immer in der Anwendung der Technologie in den eigenen Endprodukten. Meist prägt sich...

"The most important theme of the discourse on sustainable development and sustainability challenges concerns the relationship between innovation and sustainability. This book represents a realistic critical overview of the state of affairs of sustainable innovations, offering an accessible and...

<P><STRONG>EDITORIAL </STRONG>1. Be authentic, follow through, and think holistically: Editorial thoughts on the virtuous circle that is sustainable innovation <STRONG>THEMATIC SECTION ONE: The strategy perspective</STRONG> 2. Business model innovation for sustainability: The role of stakeholder interaction and managerial cognitive...</strong></strong></p>

We analyze a model of cost-reducing R&D and compatibility decisions by two platforms. After an exogenous improvement in the efficiency of R&D, each platform has a heightened incentive to make its software incompatible with the rival's hardware device to avoid being dominated in the hardware...

This article explains how research and development (R&D) collaborations impact process innovation; given the differences in innovation mechanisms, prior insights from studies of product innovation do not necessarily apply to process innovation. Extending the knowledge-based view of the firm, the...

In dem kompetitiven Markt für logistische Dienstleistungen ist die Prozessinnovationsfähigkeit für Logistikdienstleistungsunternehmen eine erfolgskritische Größe. Unter der Prozessinnovationsfähigkeit eines Logistikdienstleistungsunternehmens wird die Eigenschaft verstanden, durch neue...