TIM
STR
Paul Bliot
HEC Paris, France
Julien Jourdan
HEC Paris, France
Paul Bliot
HEC Paris, France
Michael Bikard
INSEAD, France
Jacqueline Lane
Harvard U., United States
Matteo Tranchero
Haas School of Business, UC Berkeley, United States
Kevin Boudreau
Northeastern U., United States
James Evans
U. Of Chicago, United States
Valentina Tartari
Stockholm School of Economics, Denmark
Hyejin Youn
Northwestern Kellogg School of Management, United States
Organizations crucially rely on knowledge and innovation. It represents the commercial potential of firms’ research and development (R&D) activities (Katila and Shane 2005) and is thus a source of competitive advantage and profits (Utterback 1994). Further, scientific methods can be applied to processes of creative search within organizations to create new business opportunities (Li et al. 2013; Rosenberg and Nelson 1994). Innovative products may open new markets and drive long-run economic growth (Hasan and Tucci 2010), and novel research may open new paradigms and fields and lead to scientific breakthroughs (Kuhn 1962). Breakthrough inventions create “Schumpeterian rents” (Schumpeter 1939), on which the entry, growth and survival of firms hinge. Yet, innovation is invariably unpredictable (Katila and Chen 2008). Novel products, processes and theories are developed through an inherently complex and ambiguous process. The path to an innovation is a tortuous one, ripe with dead- ends and pitfalls, and the scientific, technical, and commercial promise of an innovation is rarely understood in advance. At the heart of these search paths lies a tension: knowledge is built cumulatively (Merton 1973) and the search for innovation inherently relies on this wealth, yet innovative knowledge breaks with prior work (Hargadon and Sutton 1997; Uzzi et al. 2013a). What is the cartography of those search paths? Does divergence from mainstream knowledge implies low reliance on prior work? How can external audiences evaluating innovation influence these search paths, at times in biased ways? How can innovators find breakthroughs in well-defined but understudied technological spaces? These questions are important to craft strategy processes for managers and resources allocation for policymakers. To answer them, we turn to science (and scientists) as one of the prime search spaces for innovation and breakthroughs. This presenter symposium will assemble four papers on search, innovation, and breakthroughs to further our understanding of these topics.
Author: Matteo Tranchero – Haas School of Business, UC Berkeley
Author: Jacqueline Lane – Harvard U.
Author: Paul Bliot – HEC Paris
Author: Michael Park – INSEAD
Author: Michael A. Bikard – INSEAD
Author: Isabel Fernandez-Mateo – London Business School