Economists think of medical innovation as a valuable but risky good, producing health benefits but increasing financial risk. This perspective overlooks how innovation can lower physical risks borne by healthy patients facing the prospect of future disease. We present an alternative framework that accounts for all these sources of value and links them to the value of health insurance. We show t...

Software-as-a-Service (SaaS) models are gaining acceptance but their business value has largely been conceptual or anecdotal. In this paper, we empirically examine the role of SaaS in IT-enabled innovation of the firms and the role of organizational complementarities in augmenting the impact. We argue that SaaS can support IT-enabled innovation and that complementarities like learning from past...

Nowadays innovation and collaboration are strategic issues for enterprises to remain competitive in the global market. Many new developments are carried out with external partners, including universities and research institutions aiming to generate novel solutions in order to improve business performance and sustainability. However, the balance between intellectual property protection and intel...

Many firms actively disclose research findings in scientific peer-reviewed journals. The literature highlights several potential benefits of such scientific boundary-spanning activities, including privileged access to academic information networks. However, scientific disclosure may lead to unintended knowledge spillovers. It remains unclear whether active engagement in science leads to higher ...

Making Innovation Work challenges prevailing misconceptions and lays out the tools and processes necessary for an organization to harness, manage, and execute innovation successfully and profitably. It provides a start-to-finish process for defining innovation strategy, integrating innovation and business strategy, balancing creativity and value capture, weaving innovation into the fabric of th...

Process innovation is vital, but paradoxical, requiring flexibility and empowerment, as well as control and efficiency. Increasingly, literatures stress organizational culture as a key to process innovation. Yet culture remains an intricate, amorphous phenomenon. In this article, we explore how organizational supportive culture – impact a particular process innovation, the implementation of adv...

Innovation researchers recognize that the uncertainty with regard to the value-creating potential of product innovations increases with their technological novelty, and have argued that the usefulness and value of novel products are socially constructed. Despite this recognition, researchers have not explored how the outer form in which a technological innovation is embodied influences the proc...

Economic forces such as the growing service economy and commoditization of traditional value chains have led many organizations to pursue breakthrough innovations as part of their business strategy. There has been an increased interest in collaboration and teamwork as catalysts of innovation, often without a clear understanding of the different kinds of teams that can be used to foster innovati...