Showing 141 - 150 of 4,274
We introduce a model of product development in a firm. Our model describes the process as a multi-stage contest (i.e., race) with an endogenous length (with one stage or two stages) between two workers. We model the payments to workers from the new product using the normatively appealing Nash...
Persistent link: https://www.econbiz.de/10012165947
is entrenched with their innovation. As a direct result, consumers tend to undervalue and developers tend to overvalue … such an innovation relative to the existing option. This is the "curse of innovation" and it systematically increases the …
Persistent link: https://www.econbiz.de/10014063097
Investments in design play a potentially significant role in new product development (NPD) although there is little unanimity on the most appropriate or effective design strategy. Previous case-study based studies have identified three alternative design strategies for NPD: design used as a...
Persistent link: https://www.econbiz.de/10014041552
Changes in the global economy and technological advances are stimulating an increasing geographic distribution of new product design and development efforts. For large organizations that design and develop complex products, this geographic distribution has added a new layer of complexity to...
Persistent link: https://www.econbiz.de/10014042809
Product innovation, a decisive factor in modern economies, is usually analyzed from one point of view - that of the … available to producers and households. Two twentieth-century German case studies - on the scientific innovation of yogurt and …
Persistent link: https://www.econbiz.de/10014046348
A key metric for the assessment of innovative activity at the firm level is R&D intensity. R&D intensity is the ratio of a firm's R&D investment to its revenue (the percentage of revenue that is reinvested in R&D). Empirical and anecdotal evidence suggests that R&D intensity within an industry...
Persistent link: https://www.econbiz.de/10014046894
innovation that illustrates an endogenous process of internal competition. This often political and contentious process can have …
Persistent link: https://www.econbiz.de/10014047178
This article studies the relative impact on product innovation of R&D collaborations with universities, suppliers … provided to the firm and in the ease of access of this new knowledge, resulting in a different impact on product innovation. As … innovation, followed by R&D collaborations with suppliers, customers and, finally, competitors. The tests find that R …
Persistent link: https://www.econbiz.de/10014047471
This article addresses an issue that is debated in the economics of innovation literature, namely the existence of … producers, we show that: (i) decreasing returns to size and R&D expenditures characterize the innovation production function of …
Persistent link: https://www.econbiz.de/10014162668
Netnography i.e. the systematic observation and analysis of online communities to generate insights for an innovation … process, has been established as a method of user innovation in consumer goods industries. In this study we apply this …
Persistent link: https://www.econbiz.de/10014147405