A critical factor that determines whether a startup succeeds or fails is its level of spending, or burn rate. Research from professors Ron Berman and Pablo Hernandez-Lagos examines how an entrepreneur’s education and experience levels can predict a startup’s burn rate, and thus its odds of success.…Read More
One product design student’s CIP experience learning to innovate through an unexpected challenge.…Read More
When it comes to tackling large-scale socio-economic problems, especially in emerging markets, several entities usually form partnerships to solve these challenges. But what is the optimal configuration of these partnerships? And how should they best be coordinated for maximum effect?…Read More
The Penn Wharton Commercialization Workshop brought together 33 researchers from across the university to learn how to bring their ideas to market.…Read More
The Mack Innovation Doctoral Association (MIDAs) recently hosted our second industry-academia panel, this time focusing on recent trends in organizing for innovation and featuring perspectives from local government, Wharton faculty, Mack Institute corporate partners.…Read More
Over the course of a three-week sprint this spring, students at Penn worked to reinvent the pre-operative process for hip and joint replacement surgeries. The 2016 Penn Healthcare Innovation Challenge invited cross-campus teams to find new ways to help patients better navigate this complex process.…Read More
Wharton MBA student Meredith Sigler got to help a large corporation navigate the current landscape of crowdsourcing as part of the Mack Institute’s Collaborative Innovation Program.…Read More
Eric Orts and John Paul MacDuffie discussed the likely outcomes from Volkswagen’s settlement with the EPA.…Read More
Wharton MBA student Alan Holden shares why he recommends the Mack Institute’s Collaborative Innovation Program to students interested in innovation.…Read More
One key factor affecting consumer acceptance of electric vehicles is the price and performance of batteries, so the Electric Vehicle Forecasting Challenge includes a question about the cost per kilowatt-hour (KwH) in 2016.…Read More
Are we on the cusp of an electric vehicle “tipping point”? Join the Electric Vehicle Forecasting Challenge to help us find out.…Read More
The gap between business research and industry practice can loom large at times, but bridging it is essential to ensuring that research is relevant to the outside world. For graduate students at the Wharton School, the Mack Innovation Doctoral Association intends to narrow that gap.…Read More
The value of a patent traditionally depends on the number of citations it receives from subsequent innovations. But new research from Wharton management professor Tyler Wry and doctoral student Adam Castor calls into doubt whether citation numbers accurately reflect a patent’s true value.…Read More
More than ever before, companies have at their disposal immense streams of customer data. Professor Kartik Hosanagar highlights how companies can make use of this data to attract customers online.…Read More
How does a company as large as Microsoft keep its innovative spark alive? Todd Rawlings, the senior quality manager for corporate business excellence, expounded on the new models for institutionalizing innovation and how the technology giant strives to stay on the cutting edge.…Read More
The road to successful commercialization is a steep and difficult one — a fact which entrepreneurs know all too well. But like hikers who use a zig-zag trail to ease their ascent up a mountain, entrepreneurs may be able to more effectively reach their goals by taking an indirect route.…Read More
Even though Colgate has global brand recognition and broader penetration than Coke, it still takes competition from digital start-ups seriously. Jenny Gomez, director of global strategic innovation, spoke about the company’s strategy for staying innovative.…Read More
Companies hoping to capture economic value from the Internet of Things phenomenon should look for ways to transition to a service-based business model, according to Sokwoo Rhee of the U.S. Department of Commerce.…Read More
The technology for driverless cars is advancing rapidly, but before autonomous vehicles can become a reality, cities and governments need to catch up. MBA student Michael Parent attended the Consumer Electronics Show and brought back insights on the future of urban mobility.…Read More
Digital technologies like Skype and WhatsApp are eroding traditional telecom revenue streams, and the Internet of Things promises even more uncertainty ahead. Martin Creaner, corporate strategy advisor for telecom giant Huawei, spoke at a recent Mack Institute conference about how his company is working to develop a new, more flexible business model.…Read More
