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Tuesday 17 September 2024 at 09:00 to Friday 27 September 2024 at 16:00
Friday 13 September 2024 at 23:55
Kilen - room KL 2.53 (second floor),
Kilevej 14A,
2000 Frederiksberg
Kilen - room KL 2.53 (second floor)
Kilevej 14A
2000 Frederiksberg
Faculty
Professor with special responsibilities Carmelo Cennamo (CC)
Department of Strategy and Innovation, CBS
Professor with special responsibilities Kristina Dahlin (KD)
Department of Strategy and Innovation, CBS
Associate Professor Mercedes Delgado (MD)
Department of Strategy and Innovation, CBS
Professor Christoph Grimpe (CG)
Department of Strategy and Innovation, CBS
Professor Karin Hoisl (KH)
Department of Strategy and Innovation, CBS
Assistant Professor Paul Hünermund (PH)
Department of Strategy and Innovation, CBS
Professor Keld Laursen (KL)
Department of Strategy and Innovation, CBS
Associate Professor Marion Pötz (MP)
Department of Strategy and Innovation, CBS
Professor Thomas Rønde (TR)
Department of Strategy and Innovation, CBS
Associate Professor Markus Simeth (MS)
Department of Strategy and Innovation, CBS
Prerequisites
Basic knowledge of theories related to economics, management, technology, innovation, and organizations. It is a requirement for receiving the course diploma that the students attend the entire course.
Duration: 10 sessions with 3 hours each
Aim of the course
The course aims to provide a set of advanced insights into the field of Management and Economics of Innovation spanning from foundational themes to the most recent developments of the field.
Course content
Both the competitiveness of firms and welfare in general depend on the ability to introduce innovative products, processes and services. Interest in management of innovation has traditionally centered on firm-internal aspects of processes such as, for instance, how collaboration and interaction among specialized professionals take place in the creation of innovation; how to deal with unavoidable uncertainty involved; and the path dependency in skills and resources. In recent years, there has been a surge in interest among scholars and practitioners in methods that allow the firm systematically to source its inputs externally. Innovation that originates from sources external to the firm has emerged as an important phenomenon and has been associated with labels such as open innovation, user innovation, crowd sourcing, and open source.
These trends have also given rise to novel and so far immature research agendas that promise to enhance our understanding of the processes and sources of innovation in the years to come. With respect to the economics of innovation, the course will cover modern economic theories related to innovation and intellectual property rights. In that regard, the course will particularly cover licensing on markets for technology as well as networks and network effects.
Learning objectives
· To acquire an understanding and overview of topics in the management and economics of innovation
· To be able to demonstrate knowledge of relevant theories by explaining their assumptions, causal dynamics and processes
· To be able to demonstrate knowledge of the conceptual foundations, frameworks and methods relevant to the study of innovation management and economics
Teaching methods and assessment
Lecture Plan
Session 1: Introduction to the management of innovation (CG)
Literature
· Anderson, P., & Tushman, M. L. 1990. Technological discontinuities and dominant designs: A cyclical model of technological change. Administrative Science Quarterly, 35 (4): 604-633.
· Salter, A., & Alexy, O. 2013. The nature of innovation. In: Dogson, M. et al. (eds.), The Oxford Handbook of Innovation Management, Oxford University Press, Oxford: 26-50.
· Teece, D. (1986). Profiting from technological innovation: implications for integration, collaboration, licensing, and public policy. Research Policy, 15 (6): 285-305
Session 2: Introduction to the economics of innovation (THR)
Literature
· Scotchmer, S. 2004. Innovation and Incentives, Cambridge, Massachusetts: MIT Press, chapters 2, 4 and 6.
· Choi, J. P. 2002. A Dynamic Analysis of Licensing: The ‘‘Boomerang'’ Effect and Grant-Back Clauses, International Economic Review, 43: 1468-2354.
· Laursen, K., S. Moreira, T. Reichstein, and M. I. Leone. 2017. Evading the Boomerang Effect: Using the Grant-Back Clause to Further Generative Appropriability from Technology Licensing Deals. Organization Science, 28: 514-530.
Session 3: Networks, collaboration and alliances (KL)
Literature
· Mowery, D., Oxley, J., Silverman, B. 1996. Strategic Alliances and Interfirm Knowledge Transfers. Strategic Management Journal, 17 (Winter 96 special issue): 77-91.
· Ahuja, G. 2000. Collaboration networks, structural holes and innovation: a longitudinal study, Administrative Science Quarterly, 45 (3): 425-455.
· Tortoriello, M. 2015. The social underpinnings of absorptive capacity: The moderating effects of structural holes on innovation generation based on external knowledge. Strategic Management Journal, 36(4): 586-597.
Background literature:
· Cohen, W. M., & Levinthal, D. A. 1990. Absorptive capacity: A new perspective of learning and innovation. Administrative Science Quarterly, 35(1): 128-152.
Session 4: Organizational learning (KD)
Literature
· Thompson, P. 2009. Learning by doing. In: Bronwyn Hall and Nathan Rosenberg (eds.) Handbook of Economics of Technical Change, Elsevier/North-Holland, 2009.
· Dahlin, K., Chuang, Y. and T. Roulet. 2018. “Opportunity, motivation and ability to learn from failures and errors: Review, synthesis and ways to move forward.” Academy of Management Annals. 12(1): 252-277.
· Thompson, P. 2001. How much did the liberty ship builders learn? New evidence for an old case study. Journal of Political Economy. 109(11): 103-137.
Background literature
· Kim, J. and Miner, A. 2007. Vicarous learning from the failure and near-failure of others. Academy of Management Journal, Vol. 50(2), 687-714.
· Stan, M. and Vermeulen, F. 2013. Selection at the gate: Difficult cases, spillovers, and organizational learning. Organization Science, 24(3), 796-812.
· March, J. G. 1991. Exploration and Exploitation in Organizational Learning. Organization Science, Vol. 2(1), 71-87.
· Levinthal, D. A. and March, J. G. 1993. The myopia of learning. Strategic Management Journal, Vol 12,95-112.
Session 5: Innovation and location (MD)
Literature
· Stuart, T. and O. Sorenson, 2003. The Geography of Opportunity: Spatial Heterogeneity in Founding Rates and the Performance of Biotechnology Firms, Research Policy 32(2), 229-253.
· Delgado, M., M.E. Porter, and S. Stern, 2010. Clusters and Entrepreneurship, Journal of Economic Geography 10(4), 495-518.
· Hidalgo, César A., Pierre-Alexandre Balland, Ron Boschma, Mercedes Delgado, Maryann Feldman, Koen Frenken, Edward Glaeser, Canfei He, Dieter F. Kogler, Andrea Morrison, Frank Neffke, David Rigby, Scott Stern, Siqi Zheng, and Shengjun Zhu, 2018. “The Principle of Relatedness,” in AJ. Morales, C. Gershenson, D. Braha, AA. Minai, Y. Bar-Yam (eds.), Proceedings of the IX International Conference on Complex Systems. [Access free copy here]
Background literature
· Alcacer, J. and M. Delgado ,2016. “Spatial Organization of Firms and Location Choices through the Value Chain,” Management Science 62 (11), 3213–3234.
· Delgado Mercedes, Michael E. Porter, and Scott Stern, 2016. “Defining Clusters of Related Industries,” Journal of Economic Geography 16 (1), 1–38.
Session 6: Employee mobility (KH)
Literature
· Choudhury, P. (2022). Geographic Mobility, Immobility, and Geographic Flexibility–A Review and Agenda for Research on the Changing Geography of Work. Academy of Management Annals, 16(1), 258-296.
· Kacperczyk, A., & Balachandran, C. (2018). Vertical and horizontal wage dispersion and mobility outcomes: Evidence from the Swedish microdata. Organization Science, 29(1), 17-38.
· Groysberg, B., Lee, L. E., & Nanda, A. (2008). Can they take it with them? The portability of star knowledge workers' performance. Management Science, 54(7), 1213-1230.
· Stadler, C., Helfat, C. E., & Verona, G. (2022). Transferring knowledge by transferring individuals: Innovative technology use and organizational performance in multiunit firms. Organization Science, 33(1), 253-274.
· Marx, M., Strumsky, D., Fleming, L. (2009). Mobility, skills, and the Michigan non-compete experiment. Management Science, 55(6), 875-889.
· Mawdsley, J. K., Somaya, D. (2016). Employee mobility and organizational outcomes: An integrative conceptual framework and research agenda. Journal of Management, 42(1), 85-113.
Session 7: Platform-based innovation and innovation ecosystems (CC)
Literature
· Rochet J-C, Tirole J. 2006. Two-sided markets: A progress report. Rand Journal of Economics 37: 645-667
· Cennamo C., Santaló J. 2013. Platform Competition: Strategic Tradeoffs in Platform Markets, Strategic Management Journal, 34: 1331–1350
· Adner, R., & Kapoor, R. (2010). Value creation in innovation ecosystems: How the structure of technological interdependence affects firm performance in new technology generations. Strategic Management Journal, 31(3), 306–333.
· Jacobides M, Cennamo C, Gawer A (2018) Toward a theory of ecosystems. Strategic Management Journal. 39(8): 2255–2276.
Session 8: University-industry linkages (MS)
Literature
Session 9: Innovation Project Staging and Real Options Strategies (PH)
Literature
Session 10: Open approaches to innovation (MP)
Literature
· Dahlander, L., Gann, D.M. 2010. How open is innovation? Research Policy, 39(6): 699-709.
· Felin, T., Zenger, R.R. 2014. Closed or open innovation? Problem solving and the governance choice. Research Policy, 43: 914-925.
· Gambardella, A., Raasch, C., von Hippel, E. 2016. The user innovation paradigm: impacts on markets and welfare. Management Science, 63(5): 1450-1468.
· Laursen, K., Salter, A. J. 2006. Open for Innovation: The role of openness in explaining innovative performance among UK manufacturing firms. Strategic Management Journal, 27(2): 131-150.
Course schedule
Class |
Date |
Time |
Room |
Topic |
Teacher |
1 |
17/09/2024 |
9.00 – 12.00 |
KL 2.53 |
Introduction to the management of innovation |
CG |
2 |
17/09/2024 |
13.00 – 16.00 |
KL 2.53 |
Introduction to the economics of innovation |
THR |
3 |
18/09/2024 |
9.00 – 12.00 |
KL 2.53 |
Networks, collaboration and alliances |
KL |
4 |
18/09/2024 |
13.00 – 16.00 |
KL 2.53 |
Organizational learning |
KD |
5 |
19/09/2024 |
9.00 – 12.00 |
KL 1.43 |
Innovation and location |
MD |
6 |
19/09/2024 |
13.00 – 16.00 |
KL 1.43 |
Employee mobility |
KH |
7 |
26/09/2024 |
9.00 – 12.00 |
KL 1.43 |
Platform-based innovation and innovation ecosystems |
CC |
8 |
26/09/2024 |
13.00 – 16.00 |
KL 1.43 |
University-industry linkages |
MS |
9 |
27/09/2024 |
9.00 – 12.00 |
KL 2.53 |
Innovation Project Staging and Real Options Strategies |
PH |
10 |
27/09/2024 |
13.00 – 16.00 |
KL 2.53 |
Open approaches to innovation |
MP |
Note: In case we receive more registrations for the course than we have seats, CBS PhD students will have first priority. Remaining seats will be filled on a first come first serve.
Registration deadline and conditions
The registration deadline is 12 August 2024. If you want to cancel your registration on the course it should be done prior to this mentioned date. By this date we determine whether we have enough registrations to run the course, or who should be offered a seat if we have received too many registrations.
If there are more seats available on the course we leave the registration open by setting a new regsitration deadline in order to fill remaining seats. Once you have received our acceptance/welcome letter to join the course, your registration is binding and we do not refund your course fee. The binding registration date will be the registration deadline mentioned above.
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CBS PhD School
Nina Iversen
Phone: +45 3815 2475
ni.research@cbs.dk
CBS PhD School
Nina Iversen
Phone: +45 3815 2475
ni.research@cbs.dk