Complementary Assets as Pipes and Prisms: Innovation Incentives and Trajectory Choices

Published Research

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

Opening Up but Staying Local: Insights from Partnership Formations between Established and Startup Firms

Working Papers

In this paper, we develop a theoretical framework that considers that firms may be subject to both spatial and temporal myopia when crossing organizational boundaries and have a history of failures and successes in solving R&D problems. We use this framework to clarify how established firms search for and select among emerging partnering opportunities.Read More

Resource Congestion and the Impact of Incumbent Affiliation on New Ventures

Working Papers

This paper examines the impact of incumbent firm affiliations on the performance of new start-up ventures, focusing specifically on the configuration of the start-up’s incumbent partners’ alliance portfolios. While start-ups often engage in alliance relationships with established firms in order to access resources and capabilities necessary to navigate the early stages of development, there is mixed evidence on whether such relationships are ultimately beneficial for the start-up.Read More