Wharton Technology & Innovation Conference 2019

Organized by Saikat Chaudhuri and Rahul Kapoor The Mack Institute for Innovation Management and the Wharton School’s Management department co-sponsor an annual two-day invitation-only academic event designed to encourage, cultivate, and profile management researchers studying technology-based industries and firms. Leading academics on technology and innovation present their findings to their

Forecasting Vehicle Innovations Using Crowdsourced Tournaments

Funded Research Proposal

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

Steer a Steady Course or Change Direction: Incumbent Strategies and Firm Value during Periods of Industry Change

Working Papers

The study considers the nascent period of industry change when the prevalent business model is being threatened by a new model, but there is significant uncertainty with respect to whether and when the new model will dominate. We focus on the challenge of incumbents pursuing both models simultaneously, and the implications on their firms’ valuations.Read More

Challenges in the Gene Therapy Commercial Ecosystem

Published Research

The emergence of biotech has resulted in a rich ecosystem of different types of actors contributing to the technological advance. Despite the enormous promise of biotech-based therapeutics, there is substantial uncertainty regarding when scientific discoveries will emerge, whether these discoveries will achieve clinical success, and how commercialized treatments will create value. Read More

Wharton Technology & Innovation Conference 2016

Wharton Technology and Innovation Conference

The Mack Institute for Innovation Management and the Wharton School’s Management department co-sponsor an annual two-day event designed to encourage, cultivate, and profile management researchers studying technology-based industries and firms. Leading academics on technology and innovation present their findings and engage in discussion of leading-edge questions related to the management of innovation.

Organized by Saikat Chaudhuri and Rahul Kapoor

Decoding the Adaptability-Rigidity Puzzle: Evidence from Pharmaceutical Incumbents’ Pursuit of Gene Therapy and Monoclonal Antibodies

Published Research

The emergence of radical technologies presents a significant challenge to incumbent firms. We study firms’ management of radical technological change by separating their actions into upstream research (“R” of R&D) and downstream development (“D” of R&D).Read More

Coordinating and Competing in Ecosystems: How Organizational Forms Shape New Technology Investments

Published Research

We consider firms in the context of their business ecosystems and explore how differences in the ways in which firms are organized with respect to complementary activities affect their decision to invest in new technologies.Read More

Collaborating with Complementors: What Do Firms Do?

Published Research

The study considers the interdependencies between complementors in the business ecosystem and explores the nature of collaborative interactions between them. It sheds light on the organizational and the strategic contexts in which such interactions take place, and shows how they may influence the pattern and the benefits of collaboration.Read More

Persistence of Integration in the Face of Specialization

Published Research

Although the stylized model of industry evolution suggests that firms transform from vertical integration to specialization over time, many industries still exhibit a continued persistence of integrated firms. In exploring this puzzle, I draw on detailed firm-level data from the semiconductor industry to analyze how integrated incumbents, beyond shifting to the specialized mode, reconfigured in the face of industry’s vertical disintegration.Read More