At two recent events in India, Mack Institute faculty discussed India’s growing presence in the global economy and what firms can do to manage today’s most widespread innovation challenges.…Read More
The Mack Institute’s Saikat Chaudhuri presents strategies on how companies can approach blockchain technology to determine whether adopting it is the right step for them.…Read More
By Gwyneth K. Shaw, Penn Communications A plan for a new, improved catheter designed to stop costly — and deadly — infections at the source is the winner of this year’s $10,000 Y-Prize, awarded Jan. 28 to four Penn undergraduates. The team beat out three other finalistsat the event. The students are Tanvi Kapur and Beatriz…Read More
The Mack Institute’s Fall Conference 2018 examined how a welter of emerging technologies are transforming not only the way we work, but how and whom we hire.…Read More
Using unsupervised machine learning, I introduce interpretable and economically relevant risk factors that characterize the cross-section of returns better than the leading factor models, furthermore, I do not use any information from the past returns to select the risk factors. …Read More
Managers have no shortage of advice on how to achieve organic sales growth through innovation. Prescriptions range from emulating the best practices of innovative companies like Amazon, Starbucks, and 3M to adopting popular concepts such as design thinking, lean startup principles, innovation boot camps, and co-creation with customers. …Read More
Organizational sponsors foster young entrepreneurial firms by providing resources to increase survival rates. Sponsorship can be financial as with tax incentive structures, public and private grant programs, or early stage private investment. …Read More
The finalists in Penn’s seventh annual Y-Prize Competition have collectively proposed one of the most diverse slates of applications in recent memory, spanning infection prevention, saltwater desalination, green energy, and tissue engineering.…Read More
Lean startup principles have fueled a revolution in business and entrepreneurship, but there is a downside to early market testing, according to new Wharton research.…Read More
To help firms make strategic decisions about blockchain, the Mack Institute introduces a new white paper laying out a road map and key questions for blockchain adoption.…Read More
This study investigates incumbent responses to a main rival’s exit. We argue that long‐time rivals have developed an equilibrium by offering a mix of overlapping and unique products and by choosing geographic proximity to each other. A rival’s exit, however, disrupts this equilibrium and motivates surviving firms to expand in both product and geographic spaces to seek a new equilibrium. …Read More
The 2018-2019 Vehicle Innovations Challenge will track developments in technology, automaker strategies, the competitive landscape and the regulatory environment to inform forecasters about these new issues while involving them in a global crowd-sourced effort to anticipate the trajectory of an industry in upheaval.…Read More
Wharton students, faculty, and alumni are at the forefront of exploring the many ways blockchain is likely to fundamentally impact the world in the near future.…Read More
Saikat Chaudhuri discusses Elon Musk’s recent announcement and debates whether going private will solve Tesla’s many challenges.…Read More
As new technologies cause the boundaries between industries to blur, clear metrics for innovation become increasingly important to setting a firm’s strategic direction.…Read More
I aim to contribute to corporate strategy and technology and innovation management literatures by refining the way we think about how firms’ externally accessible resources and capabilities influence those firms’ heterogeneous boundary choices and their resulting outcomes. …Read More
A well-known maxim in management is that “your people are your greatest asset”. Recruitment strategies in particular have been linked to firms’ innovative capacity, emphasizing the importance of maintaining competitive advantages in HR as a key goal of effective innovation management. …Read More
A challenge of mergers and acquisitions is how to align incentives between the target firm and the existing organization. In the health care industry, Physician Practice Management Companies (PPMCs) acquire physician practices to gain market power and leverage economies of scale. …Read More
The modern knowledge economy depends crucially on innovation, but adaptation to innovation has been linked to economic ills such as wage inequality, skill polarization, and geographic divergence. Between 2000 and 2016 alone, the U.S. shed approximately 6 million manufacturing jobs largely as a result of increasing pressure from automation and international trade.…Read More
Our main goals are (a) to test our hypothesis that households consume greater amounts of sin goods through their stock-up behavior induced by discounts at the store, and (b) to conduct a counter-factual analysis of banning sales on sin goods for the assessment of welfare gain (or loss).…Read More
