By J Katherine Bahr Decades of research and real-world examples show that when we protest, boycott, or sue a company for its questionable actions, its competitors will take note and change their ways. These actions have worked in everything from arms … Continue reading How do Companies Respond When a Competitor Gets Sued for Bad Behavior?
By Michael A. Zaggl, Arvind Malhotra, Oliver Alexy, Ann Majchrzak Crowdsourcing is a popular innovation method for problem-solving. To use crowdsourcing successfully, firms often constrain their problems by narrowing the problem formulation and thus pre-specifying the problem. The constraining sets a focus for the crowd’s … Continue reading Governing crowdsourcing for unconstrained innovation problems
Innovation and implementation of new ideas can directly influence organizational outcomes. Thus, organizations often dedicate significant time to the assessment of countless new ideas through myriad idea evaluation systems. However, the evaluation process is often distorted by various biases arising … Continue reading Blinding Idea Evaluation? New Experiment Reveals Little Bias in the Innovation Process
By Sarah Steimer When a competitor adopts a new innovation, others in the market have two ways to respond: They can also adopt the technology to directly compete (imitation) or they can choose to differentiate themselves by investing elsewhere (differentiation). What … Continue reading Focus on Customers, not Competitors, when Responding to First-Movers