Attaining competitive advantage is especially crucial for innovative firms. Due to increased competition, firms employ various types of innovation activities to position themselves against their competitors. Ambidexterity and strategic agility have been found to strengthen this position. Whereas...

Die Ausgaben für Forschung und Entwicklung von Wirtschaft und Staat sollen in der Europäischen Union entsprechend der Lissabon-Strategie auf 3% des Bruttoinlandsprodukts gesteigert werden. Deutschland hat das 3%-Ziel bisher nur knapp verfehlt. Aber haben diese Anstrengungen wirklich zu mehr...

Research on R&D performance measures applied in firms is still scarce. Based on the established “R&D laboratory as a system” thinking, systematically derive and identify R&D department level key performance measures. Through a mixed-method approach, grounded in (1) literature and (2) text...

Crises like the COVID-19 pandemic affect firms’ innovation management and decision making. On the downside, crises lead to detriments like budget constraints, to which firms often respond by reducing their innovation activities. On the upside, crises are opportunities, where some firms...

To profit from their inventions, multinational enterprises rely on various appropriation and internationalization strategies. Intellectual property modularity serves as a reliable option to master the tradeoff between owning the "right" (i.e., valuable) patents in a technology and sharing other...

This study provides insights into the criteria applied by entrepreneurs in selecting venture capital investors. Building upon interviews with entrepreneurs, we outline a framework that categorizes the decision-making process into three principal criteria clusters: (1) financial aspects, with a...

Balancing value creation and value capture is a fundamental strategic issue for the management of open innovation. Insufficient compensation for created value may hinder the participation of a firm or individual in open innovation. It can thus provide an obstacle to the open innovation process...

Crowdfunding represents an alternative way of funding entrepreneurial ventures - and is attracting a high amount of interest in research as well as practice. Against this background, this paper analyzes reward-based crowdfunding campaign strategies and their communication tools. To do this, 446...

Entrepreneurs often struggle to find sufficient funding for their start-ups. A relatively new way for companies to attract capital is via an internet platform, locating investors who in return receive something in return for their ventures. Equity crowdfunding is one of several types of...

This study focuses on the dilemmas that social entrepreneurs encounter and the practices used to manage dilemmas over time. Using a multi-method approach involving event structure analysis and an inductive multiple case study, we find that four key organizational practices—asset...