Companies in technologically dynamic industries — industries in which competitive advantage is built on innovation and R&D breakthroughs — seek out different types of partner firms than companies in technologically stable industries. This difference in collaborative behaviour results in different types of industry-wide networks: technologically dynamic industries have ‘clan’ networks that feature separate groups of […]
Subject: Innovation & Entrepreneurship
Why Good Ideas Don’t See the Light of Day
Creativity is generating creative ideas. Innovation is successfully implementing creative ideas. Past researchers have connected creators to implementation by looking at such factors as network position: if creators have the right network, they have a greater chance of getting their ideas implemented. In his recent research, Stanford’s Justin Berg highlights another important factor in the […]
Three Competencies Every Entrepreneur Should Develop
Are entrepreneurs born or made? Commonly, characteristics such as risk seeking, assertiveness and vision are considered typical of a successful entrepreneur. But these are innate predispositions or aspects of temperament; by using them as yardstick, it is wrongly concluded that only certain types of people make good entrepreneurs or are capable of worthwhile innovations. Instead, […]
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