This paper investigates how “dual directors” enable firms that undertake corporate spinoffs to manage their post-spinoff relationships with the firms they divest, as well as the performance implications of dual directors serving simultaneously on these companies’ boards.…Read More
Organizing for interdisciplinary research must overcome two challenges to collaboration: the cognitive incommensurability of knowledge and the political economy of research based in the disciplines. Researchers may not engage in interdisciplinarity because they would have to invest in new knowledge unrelated to their discipline or risk losing career-related rewards.…Read More
Betting on the most promising new ideas is key to creativity and innovation in organizations, but predicting the success of novel ideas can be difficult. To select the best ideas, creators and managers must excel at “creative forecasting”—i.e., predicting the outcomes of new ideas.…Read More
We study the processes through which multinational corporations (MNCs) identify and make use of external sources of knowledge. Based on a seven year longitudinal study of one MNC’s overseas scouting unit, we show how a simple one-directional “channelling” process gradually gave way to three higher value-added processes, labelled “translating”, “matchmaking” and “transforming.”…Read More
While it is broadly recognized that sourcing external knowledge has a positive impact on firm innovation performance, we know very little about the firm level conditions under which this relationship holds. …Read More
We study optimal contracting in a setting that combines experimentation and adverse selection. In our leading example, an entrepreneur (agent) is better informed than the investor (principal) about both the quality the project (risky arm’s distribution) and the entrepreneur’s outside option (payoff of the safe arm).…Read More
New research indicates that individuals’ investment decisions may outperform those of the group. How can firms make better decisions?…Read More
New research by Wharton faculty Harbir Singh, Peter Cappelli, and Michael Useem reveals how Chinese business leaders are learning from their Western counterparts, and how they’re forging their own paths. …Read More
Wharton management professor Exequiel Hernandez searches for the optimal mix of domestic and foreign partners in a firm’s network. The answer depends on what type of innovative solution a firm is trying to produce.…Read More
Hospitals and academic medical centers are hiring chief innovation officers to transform the way they deliver care. But what makes an effective CIO in this industry?…Read More
This research investigates capability development at the business unit level of analysis. To do so, we consider business units that have been serially bought and sold, or “repeatedly divested” units.…Read More
This research project examines how organizations can develop innovative solutions to large-scale socio-economic problems in emerging markets through multi-stakeholder partnerships. The objective is to determine how these partnerships are built, what the optimal configuration of partners is, and how the partnerships should be coordinated.…Read More
We present a synthetic framework in which a technology entrepreneur employs a dynamic
commercialization strategy to overcome obstacles to the adoption of their ideal strategy. Whereas prior work portrays the choice of whether to license a new technology or to self-commercialize as a single, static decision, we suggest that when entrepreneurs encounter obstacles to their ideal strategy they can nevertheless achieve it by temporarily adopting a non-ideal strategy.…Read More
When considering the adaptive dynamics of organizations, it is important to account for the full set of adaptive mechanisms, including not only the possibility of learning and adaptation of a given behavior but also the internal selection over some population of routines and behaviors. In developing such a conceptual framework, it is necessary to distinguish between the underlying stable roots of behavior and the possibly adaptive expression of those underlying templates.…Read More
Multinational corporations (MNCs) frequently use their foreign subsidiaries to identify new opportunities to access external knowledge. This article builds on the attention-based view to examine how selective attention – the focus on certain issues or answers at the exclusion of others – works in the global knowledge-sourcing process in MNCs.…Read More
We develop and test a rigorous theoretical account of firm global sourcing decisions, distinguishing the antecedents of offshore integration from those of offshore outsourcing. Although traditional theories of global sourcing focus on lowering costs, we argue that as high-performing firms seek to develop new capabilities by tapping into foreign knowledge, they will increasingly turn to offshore integration to reap colocation benefits and overcome expropriation challenges.…Read More
While much is understood about the general pattern of industry dynamics, a critical element underlying these dynamics, the rate of the expansion of individual firms, has been largely overlooked. We argue that the rate at which firms can reliably increase their scale of operations is a critical factor in understanding the structure of industries.…Read More
We assemble a panel data set of firms in the U.S. defense industry between 1996 and 2006 to examine the drivers of heterogeneous incumbent firm adaptation following the industry-wide demand shock of September 11, 2001.…Read More
The issue of the failure of incumbent firms in the face of radical technical change has been a central question in the technology strategy domain for some time. We add to prior contributions by highlighting the role a firm’s existing set of complementary assets have in influencing its investment in alternative technological trajectories.…Read More
Gita Surie explains how half of India’s population has little or no access to reliable energy, which means that 600 million people in rural India have a significant problem.…Read More
