R&D and Innovation

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    Why e-readers succeeded as a disruptive innovation in the US, but not in Japan

Why e-readers succeeded as a disruptive innovation in the US, but not in Japan

The concept of disruptive innovation has captured the attention of executives around the world. As explained by Clayton Christensen, a disruptive innovation is initially seen as unattractive by mainstream customers and by the leading firms who serve those customers. Eventually, however, those firms lose their leadership positions to new entrants who are willing to develop and improve the innovation […]

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    If Trump’s ‘America First’ takes hold, expect disruptive innovation

If Trump’s ‘America First’ takes hold, expect disruptive innovation

Policymaking often creates unintended consequences. But can disruptive innovation actually be spurred by President Donald Trump’s version of protectionism? Using the language of disruptive innovation, we observe that the long-term negative consequences of isolationism are actually an acceleration of US companies losing their own industries. Perhaps not even protectionism is what it used to be.

When it comes to economic […]

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    There’s no innovation without anger (think Lars von Trier and Steve Jobs)

There’s no innovation without anger (think Lars von Trier and Steve Jobs)

Despite having different professions, the entrepreneur Steve Jobs and the film director Lars von Trier have one thing in common: they are both notorious for their outbursts of anger or irritation and for bringing about shifts in mood between disturbance and enthusiasm. Far from being a coincidence, this appears to be a result of their extraordinarily creative and innovative […]

Biotechnology: Why does Europe lag behind the US?

Flasks, by Republica, under a CC0 licence
Of all the new technologies that have emerged since the Second World War, biotechnology is notable in the extent to which US-based firms, having taken the lead at the start, continue to dominate the world market. Why has it been so difficult for other countries to catch up?

Biotechnology in this context refers to […]

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    Innovations are rarely (if ever) the product of a single individual

Innovations are rarely (if ever) the product of a single individual

We grow up learning about great inventions and scientific discoveries in history. Chances are, it won’t take you more than a few seconds to name the discoverer of penicillin, the formulator of the theory of evolution by natural selection, or the inventor of the telephone. These “lone geniuses” changed history through their individual brilliance, creativity, and tenacity. Right?

Not exactly. For […]

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    The power play between venture capitalists and CEOs shapes startup innovation

The power play between venture capitalists and CEOs shapes startup innovation

Our research explores how venture capitalists (VCs) and chief executive officers (CEOs) jointly affect the risk-taking behaviour of a startup — manifested through innovation novelty over the new venture’s different life stages. We show that VCs behave differently for each stage. They generally encourage startups to take high risk by pursuing novel innovations early on. In later stages, VCs […]

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    Management control systems have evolved to address the need for innovation

Management control systems have evolved to address the need for innovation

Innovation is the adoption of an idea or behaviour pertaining to a product, service device system, policy or programme that is new to the adopting organisation. Innovation has been recognised as a significant aspect of corporate survival. This has become particularly apparent in recent years as firms are increasingly operating in highly competitive markets where technologies are constantly developing, […]

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    Tax relief for Research and Development is a rare example of an innovation policy that actually works

Tax relief for Research and Development is a rare example of an innovation policy that actually works

The problem

In recent decades, many countries have increased the tax support they provide for research and development (R&D). The traditional model of funding has been to have government bureaucrats sifting through project proposals and then deciding which are the most deserving. An alternative is to let firms decide where to put their research money and simply treat R&D more […]

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    Businesses need an Industrial Internet of Things strategy right now

Businesses need an Industrial Internet of Things strategy right now

The Industrial Internet of Things (IIoT) has the ring of some disturbingly dystopian vision of the future. It feels daunting, sub-human. Put such thoughts to one side and it presents a myriad of opportunities.

First, let us try to understand the concept and the potential. In its report, “Driving Unconventional Growth through the Industrial Internet of Things,” Accenture describes IIoT: […]

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    Customer participation is no panacea for the development of new products

Customer participation is no panacea for the development of new products

Firms regularly assume that they can improve their innovation performance by involving customers in new product development (NPD) and tapping into customer knowledge about their needs and potential solutions. However, not all firms have benefitted from this practice. We undertook an investigation to explain why the returns from customer participation vary substantially across contexts and what marketers can do to […]

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    Countries with tight social norms innovate less in the international arena

Countries with tight social norms innovate less in the international arena

An increasingly common way to source creative ideas is to ask the crowd for help. Various companies have launched online platforms to source creative ideas from online communities. For example, PepsiCo has set up “Legion of the Bold”, a community website in which the brand asks fans for marketing and advertising ideas. In 2014, Procter & Gamble announced the […]

What makes innovation managers successful?

Despite good intentions — and widespread acceptance of the importance of innovation — efforts to innovate at large companies often go off the rails.

There is no other organisational capability with such a gap between importance and performance. In the 2015 BCG survey, 70 percent of executives replied that innovation was either the company’s top priority or among the top […]

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    How can firms motivate users to innovate on their platforms?

How can firms motivate users to innovate on their platforms?

Recent management wisdom has advocated a shift from dedicated R&D within firms to more open forms of innovation where external knowledge is solicited for innovation. Among the external knowledge sources for innovation, users or consumers are often cited as important sources. Why is this so? As firms may incur significant costs in innovation and suffer from innovation blocks, involving […]

Spending review brings good news for science

In the government’s recent Spending Review, Chancellor George Osborne had surprisingly good news for UK researchers and UK businesses. ‘In the modern world, one of the best ways you can back business is by backing science’, he said. ‘That’s why, in the last Parliament, I protected the resource budget for science in cash terms. In this Parliament, I’m protecting […]

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    The right academic partner can help smaller enterprises bring innovation to market

The right academic partner can help smaller enterprises bring innovation to market

The UK is a world leader in research, home to a plethora of internationally acclaimed companies, and has contributed life-changing technologies and products to the global market. However, a historic lack of collaboration and understanding between centres of research excellence and business has seen the UK fail to bring to market some innovations with the potential for explosive growth.

We […]