Vigilant Leadership and Disruptive Innovations

Funded Research Proposal

In 2004 the Mack Institute sponsored a conference on “Peripheral Vision: Detecting the Weak Signals that can Make or Break Your Company,” that led to a book of the same title with Paul Schoemaker, and seven further articles. During the past decade our approach has been applied to dozens of companies and spawned two major research initiatives. Read More

Crowdfunding as a Font of Entrepreneurship: Outcomes of Reward-Based Crowdfunding

Published Research

Crowdfunding allows founders of for-profit, artistic, and cultural ventures to fund their efforts by drawing on relatively small contributions from a relatively large number of individuals using the internet, without standard financial intermediaries. Crowdfunding has been drawing substantial attention from policy makers, managers, and entrepreneurs, but relatively little notice from academics.Read More

Forecasting of Emerging Technologies Using Crowdsourced Tournaments

Funded Research Proposal

We are working with Philip Tetlock and his team at Good Judgment Inc. (GJ) under the auspices of the Program on Vehicle and Mobility Innovation (PVMI), to design and host a pilot technology forecasting tournament focusing on emerging technologies in vehicles. Read More

Bilateral Rating Systems in Online Marketplaces: Design and Impact

Funded Research Proposal

In recent years, digital innovations have fundamentally changed how many services and resources are put together and deployed. These include marketplaces like Uber and Airbnb that help match decentralized supply with demand. Read More

Idea Generation and the Role of Feedback: Evidence from Field Experiments with Innovation Tournaments

Published Research

In many innovation settings, ideas are generated over time and managers face a decision about if and how to provide in-process feedback to the idea generators about the quality of submissions. In this article, we use design contests allowing repeated entry to examine the effect of in-process feedback on idea generation.Read More

Using an online community for vehicle design: project variety and motivations to participate

Firms increasingly seek to use online communities as sources of ideas, innovations, and designs. However, many such open innovation efforts lack sustained participation and ultimately fail. This research sought to understand motivations to participate in a firm-hosted design community and how the nature of the design task influences sustained participation.Read More

Why Established Firms Should Keep an Eye on Kickstarter

Ethan Mollick

Crowdfunding has exploded in popularity since 2009, and its pace shows no signs of slowing. Funded researcher Ethan Mollick argues that this trend poses important implications for established firms as well as entrepreneurs.Read More

Rewarding the Few or the Many? An Investigation of the Impact of Rewards in Open Innovation Contests

Working Papers

In this study, we examine the impact of financial incentives on participation and quality of submitted ideas in crowd-sourced innovation contests. We compare three commonly used contest designs that vary with respect to the number of winners and how the total reward is distributed.Read More