Steven Casper
- Published in print:
- 2007
- Published Online:
- September 2007
- ISBN:
- 9780199269525
- eISBN:
- 9780191710025
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199269525.003.0006
- Subject:
- Business and Management, Political Economy
Coordinated market economies such as Germany or Sweden do not have appropriate institutional infrastructures to sustain large numbers of radically innovative firms. However, alternative strategies to ...
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Coordinated market economies such as Germany or Sweden do not have appropriate institutional infrastructures to sustain large numbers of radically innovative firms. However, alternative strategies to develop competitiveness in new technology industries might exist. The biotechnology and software industries are each comprised of multiple sub-sectors. While important areas within each industry, such as therapeutics biotechnology or standard software, are associated with radical innovation, other large segments are characterized by incremental innovation. The chapter argues that companies within coordinated market economies could successfully specialize in such sub-segments, creating pockets of national competitiveness for their national industries. Descriptive statistics from the UK, Germany, and Sweden, and case studies from the platform biotechnology and enterprise software industries in Germany are used to empirically substantiate the argument.Less
Coordinated market economies such as Germany or Sweden do not have appropriate institutional infrastructures to sustain large numbers of radically innovative firms. However, alternative strategies to develop competitiveness in new technology industries might exist. The biotechnology and software industries are each comprised of multiple sub-sectors. While important areas within each industry, such as therapeutics biotechnology or standard software, are associated with radical innovation, other large segments are characterized by incremental innovation. The chapter argues that companies within coordinated market economies could successfully specialize in such sub-segments, creating pockets of national competitiveness for their national industries. Descriptive statistics from the UK, Germany, and Sweden, and case studies from the platform biotechnology and enterprise software industries in Germany are used to empirically substantiate the argument.
Elie ofek, Eitan Muller, and Barak Libai
- Published in print:
- 2016
- Published Online:
- May 2017
- ISBN:
- 9780226618296
- eISBN:
- 9780226394145
- Item type:
- chapter
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226394145.003.0010
- Subject:
- Economics and Finance, Financial Economics
This concluding chapter serves as a review of the material covered throughout the book and addresses issues often encountered when implementing the various concepts in practice and in different ...
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This concluding chapter serves as a review of the material covered throughout the book and addresses issues often encountered when implementing the various concepts in practice and in different business settings. The presentation takes on a “Frequently Answered Questions” (FAQ) format, i.e., it outlines each issue as a question readers may be wondering about and then provides a comprehensive answer to it. FAQs are organized as follows: those pertaining to the diffusion of innovations, those dealing with customer lifetime value (CLV), and those related to the innovation equity framework. Examples of diffusion FAQs include: Can I use the various diffusion models covered in the book for any type of innovation? I am ultimately interested in running the analysis for my specific brand; should I start with assessing diffusion at the category level or go directly to the brand level? Is the social force always positive? Examples of CLV FAQs include: How can I obtain reasonable estimates for the CLV parameters? Are some of the CLV parameters likely to change over time? If so, how? The chapter ends with a check list that delineates the key steps to follow, and important issues to be aware of, when crafting innovation equity assessments.Less
This concluding chapter serves as a review of the material covered throughout the book and addresses issues often encountered when implementing the various concepts in practice and in different business settings. The presentation takes on a “Frequently Answered Questions” (FAQ) format, i.e., it outlines each issue as a question readers may be wondering about and then provides a comprehensive answer to it. FAQs are organized as follows: those pertaining to the diffusion of innovations, those dealing with customer lifetime value (CLV), and those related to the innovation equity framework. Examples of diffusion FAQs include: Can I use the various diffusion models covered in the book for any type of innovation? I am ultimately interested in running the analysis for my specific brand; should I start with assessing diffusion at the category level or go directly to the brand level? Is the social force always positive? Examples of CLV FAQs include: How can I obtain reasonable estimates for the CLV parameters? Are some of the CLV parameters likely to change over time? If so, how? The chapter ends with a check list that delineates the key steps to follow, and important issues to be aware of, when crafting innovation equity assessments.
Susan Helper and Jennifer Kuan
- Published in print:
- 2018
- Published Online:
- September 2018
- ISBN:
- 9780226468334
- eISBN:
- 9780226468471
- Item type:
- chapter
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226468471.003.0007
- Subject:
- Economics and Finance, Microeconomics
The questions addressed in this volume are motivated by the recognition that engineers play an important role in generating innovation and economic growth. In this chapter, we seek to offer some ...
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The questions addressed in this volume are motivated by the recognition that engineers play an important role in generating innovation and economic growth. In this chapter, we seek to offer some description of engineering work by looking in detail at a specific manufacturing industry—firms that supply automakers—to gain insight into how engineers create innovation. Autos account for 5% of US GDP and in 2011, 70% of auto suppliers contributed design effort, a task typically performed by engineers, making the auto supply chain an important context in which to study engineering and innovation. Some highlights from our original survey data include a wide range in terms of size and strategies of supply chain companies; a majority was small- to medium-sized, often family-owned. We observed barriers to patenting for manufacturing firms' developing process rather than product innovations. And interviews revealed the importance of customers for the innovative efforts of supplier firms. Certain Japanese customers were preferred because they shared expertise and helped suppliers improve, while other, American, customers were viewed as having unreasonable demands for regular, incremental price reductions and did not offer technical or organizational support.Less
The questions addressed in this volume are motivated by the recognition that engineers play an important role in generating innovation and economic growth. In this chapter, we seek to offer some description of engineering work by looking in detail at a specific manufacturing industry—firms that supply automakers—to gain insight into how engineers create innovation. Autos account for 5% of US GDP and in 2011, 70% of auto suppliers contributed design effort, a task typically performed by engineers, making the auto supply chain an important context in which to study engineering and innovation. Some highlights from our original survey data include a wide range in terms of size and strategies of supply chain companies; a majority was small- to medium-sized, often family-owned. We observed barriers to patenting for manufacturing firms' developing process rather than product innovations. And interviews revealed the importance of customers for the innovative efforts of supplier firms. Certain Japanese customers were preferred because they shared expertise and helped suppliers improve, while other, American, customers were viewed as having unreasonable demands for regular, incremental price reductions and did not offer technical or organizational support.
T. Sundararaman and Rajani Ved
- Published in print:
- 2017
- Published Online:
- April 2018
- ISBN:
- 9780199476084
- eISBN:
- 9780199090839
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780199476084.003.0007
- Subject:
- Business and Management, Innovation
Facilitated by the National Rural Health Mission, the last decade has witnessed a number of innovations in the delivery of public health services in India. The pathways by which innovations happened ...
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Facilitated by the National Rural Health Mission, the last decade has witnessed a number of innovations in the delivery of public health services in India. The pathways by which innovations happened are categorised into three groups: (a) identifying ‘best practices’ which are then scaled up; (b) the effort to build viable business models; and (c) driven by policy-level prioritization. Seventeen brief case studies are presented illustrating the variety of innovations and innovation pathways that exist, and an attempt is made to elucidate the general features of successful innovation. Innovations driven by critical problem-solving, dedicated innovators, and developments in technology with ability to manage its social interface do better. We also note that, despite much attention to transformational or disruptive innovations, it is home grown incremental innovations that have held sway.Less
Facilitated by the National Rural Health Mission, the last decade has witnessed a number of innovations in the delivery of public health services in India. The pathways by which innovations happened are categorised into three groups: (a) identifying ‘best practices’ which are then scaled up; (b) the effort to build viable business models; and (c) driven by policy-level prioritization. Seventeen brief case studies are presented illustrating the variety of innovations and innovation pathways that exist, and an attempt is made to elucidate the general features of successful innovation. Innovations driven by critical problem-solving, dedicated innovators, and developments in technology with ability to manage its social interface do better. We also note that, despite much attention to transformational or disruptive innovations, it is home grown incremental innovations that have held sway.
