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ItemSynchronizing exploration and exploitation: knowledge creation challenges in innovation(Georgia Institute of Technology, 2013-11-18) Bailey, JenniferInnovation requires an ambidextrous knowledge creation strategy, which is defined as the simultaneous pursuit of both exploration and exploitation. A temporal ambidexterity strategy is one in which an organizational unit dynamically balances its investments in exploration and exploitation over time. This thesis provides new insights on various factors which should be considered when developing and executing a temporal ambidexterity strategy. In the Essay 1, I empirically examine the impact of exploration, exploitation and learning from cumulative innovation experience on the likelihood of successfully versus unsuccessfully generating a breakthrough innovation. The data sample, based on patents in the biomedical device industry, is drawn from the National Bureau of Economic Research patents database. I demonstrate three important tenets for developing a theory of temporal ambidexterity. First, I confirm, as conceptually expected, that when pursued independently, exploration and exploitation have opposing variance-generating versus variance-reducing impacts on innovation performance, respectively. Second, I find that when pursued jointly exploration and exploitation have a negative interaction effect on innovation performance. Third, I show that the benefits of ambidexterity accrue in the long-term, as a result of learning from prior failure experience. However, I demonstrate that prior failure experience and exploitation are jointly necessary, but not independently sufficient, for learning from failure to occur. In Essay 2, I introduce a dynamic optimization model of temporal ambidexterity. I examine the optimal sequencing of exploration and exploitation knowledge creation activities throughout the innovation process. I consider how an innovation manager’s optimal dynamic investments in exploration and exploitation are driven by the innovation team’s knowledge creation capabilities and prior innovation experience, and by the manager’s short-term and long-term innovation risk objectives. The results demonstrate the conditions under which various temporal ambidexterity strategies endogenously arise. Finally, in Essay 3, I extend the single firm model introduced in Essay 2, to develop a model of temporal ambidexterity for two firms jointly pursuing knowledge creation and knowledge-sharing under co-opetition. Here, I consider how co-opetition, that is, cooperative knowledge-sharing with a competitor, impacts a firm’s optimal ambidextrous knowledge creation strategy. I consider two-way knowledge sharing, and I assume that each firm freely reveals its knowledge to its competitor, without receiving compensation. The dynamic analytical results contribute to the open questions regarding optimal knowledge-sharing strategies under co-opetition, by demonstrating under what conditions knowledge-sharing with a co-opetitive partner is beneficial. Importantly, I also analytically examine the factors which drive empirically observed alliance dysfunctions, wherein organizations delay knowledge-sharing and withhold information from their alliance partners.
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ItemLessons of Experience(Georgia Institute of Technology, 2013-11-06) Byington, Bruce
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ItemFactory in the Cloud(Georgia Institute of Technology, 2013-10-31) Free, MitchWe are in the midst of a new industrial revolution facilitated by a convergence of various digital technologies, globalization and ever shrinking product life spans. We will talk about shift that is happening and how MFG.com became the Factory in the Cloud that is at the center of this new industrial revolution.
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ItemFolding Chairs, Solitaire and Mark Wahlberg(Georgia Institute of Technology, 2013-10-30) Strickland, Chad
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ItemUsing Capitalism for a Higher Purpose(Georgia Institute of Technology, 2013-10-23) Glasco, Darrell J.Social entrepreneurs can have a positive impact on poverty, near poverty and those changing faces of America by spurring a large number of financially successful social entrepreneurs especially among minorities and women. Using the methodologies and discipline of venture-funded companies is the most effective way to accomplish this. Using the venture capital model social entrepreneurs can be taught how to build successful businesses that can become sustainable — profitable — and create jobs. There is nothing magical about this, we see the successful side of entrepreneurs supported by venture funds all the time. The key is to be able to add the twist (or more importantly accountability) of giving back to the community, not impacting the environment, and solving social issues.
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ItemBuilding Schools that Work(Georgia Institute of Technology, 2013-10-16) Vialet, Jill
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ItemThe generation and flow of knowledge in technology development(Georgia Institute of Technology, 2013-10-14) Jung, Hyun JuScholars in strategy, economics, and sociology of science and technology have studied technology development as a source of firms’ economic gains as well as institutional changes. Drawing on the extant research of technology and innovation strategy, I investigate the problem of knowledge generation and flows in technology development. Specifically, I explore how firms generate novel technology and develop technological breakthroughs; how knowledge flows between firms affect interfirm cooperation in a knowledge network; and how science and technology programs impact the institutions of knowledge production. In Essay 1 (Chapter 2), I examine the antecedents of knowledge recombination and technological breakthroughs. Conceptualizing a firm’s exploration as a combinatory search of prior new-recombination (an original technology component), I investigate the impacts of prior new-recombination and search boundary (local vs. boundary-spanning) on the characteristics of focal invention. In particular, I theorize and juxtapose the contrasting effects of the boundary of technological search of prior new-recombination on the propensities that the focal invention generates new recombination and becomes a technological breakthrough. Specifically, I hypothesize that, when the technological search involves new recombination in prior inventions, 1) the likelihood of generating new recombination in the focal invention is greatest for a boundary spanning search, smallest for a local search, and intermediate for a hybrid search (which involves both types of search); but 2) the likelihood for the focal invention to become a technological breakthrough is greatest for a local search, smallest for a boundary spanning search, and intermediate for a hybrid search. I find supporting evidence from the analysis of U.S. nanotechnology patents granted between 1980 and 2006. The purpose of Essay 2 (Chapter 3) is to determine the effect of knowledge flows on the formation of interfirm cooperation. By distinguishing codified knowledge flows from tacit knowledge flows, this paper demonstrates that antecedents of interfirm cooperation lie in codified knowledge flows that precede interfirm cooperation. Two properties of asymmetry in directional codified knowledge flows, intensity and uncertainty, underpin this paper’s arguments and empirical tests. The main finding in this study is that intense codified knowledge flows weaken the formation of interfirm cooperation. By mapping dyadic firms to a center and a periphery firm within a knowledge network, I theorize that the uncertainty of directional codified knowledge flows induces the center and the periphery firms to pursue interfirm cooperation differently. The results show that while uncertainty caused by distant technology components in knowledge flows hinders a center firm from pursuing interfirm cooperation, uncertainty stimulates a periphery firm to pursue interfirm cooperation. A statistical analysis performed on a sample of enterprise software firms between 1992 and 2009 supports the hypotheses of this paper. In Essay 3 (Chapter 4), I examine how the National Nanotechnology Initiative (NNI), a most recent U.S. government’s science and technology (S&T) program launched in 2000, impacts the nature of university research in nanotechnology. I characterize the NNI as a policy intervention that targets the commercialization of technology and a focused research direction to promote national economic growth. As such, I expect that the NNI has brought about unintended consequences in terms of the direction of university-industry knowledge flows and the characteristics of university research output in nanotechnology. Using the difference-in-differences analysis of the U.S. nanotechnology patents filed between 1996 and 2007, I find that, for the U.S. universities, the NNI has increased knowledge inflows from the industry, diminished the branching-out to novel technologies, reduced the research scope, and decreased the likelihood of technological breakthroughs, as compared to other U.S. and non-U.S. research institutions. The findings suggest that, at least in the case of the NNI, targeted S&T programs of the government may increase the efficiency of university research, but potentially do so at a considerable price.
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ItemDriving Cultural Change in a Large Organization(Georgia Institute of Technology, 2013-10-09) Moorman, Charles W. (Wick)
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Item0 to 60 (million) in Venture Capital(Georgia Institute of Technology, 2013-10-02) Frohwein, Robert
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ItemTransforming Innovation Success in the Digital Era: 4 Lessons from Thomas Edison(Georgia Institute of Technology, 2013-09-25) Caldicott, Sarah MillerWhat are the crucial factors that drive innovation success in our digital era? A great grandniece of Thomas Edison and innovation author, Sarah Miller Caldicott shares her research on what drove Edison's evolutionary success, and identifies how we can translate Edison's methods for the 21st century. Sarah reveals how collaboration served as an on-ramp for Edison's innovation momentum, highlighting findings from her newest book Midnight Lunch: The 4 Phases of Collaboration Success from Thomas Edison's Lab.