Through a longitudinal study of the product development portfolios of 457 US-based firms in the biotechnology industry, we investigate how prolific inventors shape a firm’s innovative direction following product development failure. Contrary to received wisdom, we argue and demonstrate that an...

We investigate the effects of online word of mouth on the demand for new products using Twitter data. Twitter can both generate buzz & awareness as well as provide information on product quality that can readily diffuse through the population. Leveraging comprehensive data from the US movie...

We study a monopolistic firm’s various sales strategies to sell a new product to a rationally (in)attentive consumer who can conduct costly learning to resolve valuation uncertainty. Our analysis suggests that the optimal pricing scheme is a two-regime policy, in which the seller quotes a high...

Business is something that is complicated in living it. When a business is built, there will be new product products produced and when the product can be produced, the way to sell it is by setting an effective price so that it can cause customer interest to be able to buy the products that the...

Firms have to determine the right features and price for their new products as they introduce new product generations to the market. We consider the problem of determining the features of a new product that will be introduced by a monopolist into a market that contains an existing product as...

In a global context of change and uncertainty, the innovation capacity of organizations is key to their sustained development. The objective of this study is to empirically analyze the relationship between innovation and firm performance of micro, small and medium-sized enterprises (MSMEs) in...

Startups play a crucial role in introducing radical innovations and need to maintain a high level of product innovativeness (PI) to consolidate their business models and remain competitive. However, startups often face challenges and limitations that hinder their PI efforts and require external...