An extensive body of literature argues for the benefits of planned obsolescence, the strategy of designing products with low durability to induce repeat purchases from the consumers, and allow the firm to sell a larger volume. Yet, several firms avoid planned obsolescence and instead offer...

We formalize R&D as a search process for technology improvements across the different scientific domains of a technological landscape. Knowledge generated from past search efforts may disseminate to rival firms. We analyze how the resulting path dependency of knowledge, shapes the direction of...

Through a controlled two-stage experiment, we explore the performance of solution search strategies to resolve problems of varying complexity. We validate theoretical results that collaborative group structures may search more effectively in problems of low complexity, but are outperformed by...

The first step in transforming strategy from a hopeful statement about the future to an operational reality is to allocate resources to innovation and new product development (NPD) programs. We explore how funding authority affects a manager's allocation of resources between multiple programs in...

As innovation is critical in driving growth and competitiveness, companies establish innovation (or new product) portfolio processes to select the “right” innovation projects and allocate the necessary resources. These processes have attracted considerable interest from both academics and...