DRUID is associated with the journal Industry and Innovation, published by Routledge. Industry and Innovation is an international refereed journal presenting high-quality original scholarship of the dynamics of industries and innovation. Interdisciplinary in nature, Industry and Innovation is informed by, and contributes in turn to, advancing the theoretical frontier within economics, management, sociology, and economic geography. Currently in its 22nd year and with 8 annual issues, Industry and Innovation's 2014 5-year impact factor in Thomson Reuters' Social Science Citation Index was 1.094.
What is DRUID
Oct 22 - 2007
Seminar by Gautam Ahuja, University of Michigan
"Combining Capabilities: Process and Product Innovation and Profitability in the Chemicals Industry
Strategy research suggests that combining capabilities or building interdependence between resources or activities helps firms to post superior performance. A natural question to ask is why then don't all firms use resource interconnectedness strategies. In this paper we suggest that one answer to this question is that building interdependence may not be a favored strategy for all firms because higher levels of interdependence entail higher levels of coordination and firms may differ in the degree to which they are able to coordinate activities. We examine this issue in the context of firms building process innovation and product innovation capabilities. Firms can build either product innovation or process innovation capabilities, or build both capabilities but keep them separate. Finally they can build both capabilities and combine or integrate them. These strategies build different levels of interconnectedness and require different levels of coordination. We develop a new set of measures for process and product innovations and demonstrate that the returns to combining capabilities differ for firms with differing attributes thus providing one explanation for why combining capabilities may not be equally rewarding strategy for all firms.
Location: Copenhagen Business School
Kilen, Kilevej 14A, 2000 Frederiksberg, room K.3.41