We study the effect of new product introduction on firm value. Using a unique sample on mobile phone handset introduction by 16 major handset manufacturers over 10 years, we distinguish between imitative product introduction and truly innovative product introduction. We find that while most product introduction is imitative, both types of innovation increase firm value. However, truly innovativ...

One of the foundational questions underlying strategy research relates to identifying characteristics of economic situations that enable value appropriation by firms. Recently, MacDonald & Ryall (2004) presented a coalition game based framework within which the mechanism of value appropriation in competitive situations can be formally modeled and analyzed. They subsequently use their formulatio...

Studying design creativity and innovation from practical perspectives for companies requires both a good understanding of the company ecosystem and its inner processes contributing to delivered innovations and a rigorous design research methodology to provide effective design models, methods, platforms that are truly effective in the context of company. Working in an Industrial Engineering labo...

1. OPEN INNOVATION Open innovation was defined by Henry Ches-broug, a professor at Harvard Business School, in 2003. He believes that in an open innovation model, companies should use internal and external strength to develop new products and to commercialize them (Chesbrough, 2005). Figure 1 shows the open innovation model. In the closed innovation model, the steps from new products developmen...

This study provides a conceptual framework with respect to service innovation, especially from a service-dominant logic (S-D logic) perspective. Even though innovation has been discussed as one of the most critical elements in enhancing the competitiveness of service industry, it was not clear how service innovation should be different from diverse types of existing innovation. The S-D logic pr...

This paper examines the implications for research into the diffusion of innovations (DOI) arising from a growing body of literature in two related fields. The first area concerns the debate on the role of regional and national systems of innovation (NSI) in the innovation process. The second area deals with the argument that enterprises must move from a “closed innovation” to an “open innovatio...

This paper examines innovation within the UK magazine publishing industry. We find that publishers are able to engage with niche interest groups in order to supply a high value-added product. The paper attempts define the characteristics of the industry and to examine the drivers of innovation through a survey and an exploratory approach to data analysis. We suggest that the frequently employed...

Purpose The purpose of this research is to understand the mechanisms of knowledge management (KM) for innovation and provide an approach for enterprises to leverage KM activities into continuous innovation. Design/methodology/approach – By reviewing the literature from multidisciplinary fields, the concepts of knowledge, KM and innovation are investigated. The physical, human and technological ...

In emerging high value markets, farmers are challenged by growth options. They can benefit from the growth options depending on their entrepreneurial orientation and how they engage in product quality improvement through adopting and generating innovations. Our study investigates the combined effects of entrepreneurial orientation and innovation adoption and generation on farm performance. Usin...