Using patenting as a proxy for innovation, this study finds that there is evidence that innovation is procyclical in the semiconductor industry, but there does not appear to be a similar cyclical pattern in the automobile industry. This has implications for government policy aimed at increasing ...
I find that the product cycle is a powerful amplification mechanism; the model incorporating the product cycle is able to generate nearly twice as large an equity premium as the model without the product cycle and, as a result, matches the equity premium data. The current paper thereby ...
Net Net examines how top companies are promoting and managing innovation, leveraging rapid change, and using technology to grow exponentially.
In his childhood, Xi was deeply touched by the story of Yue Fei, a Southern Song Dynasty (1127-1279) military commander. Yue took "Jing Zhong Bao Guo," or "serve the country with unreserved loyalty" as his motto and lived up to it. Xi has long remembered these four characters, calling...
However, while innovation plays a crucial role in the success (or continued success) of most companies, it does not come easily. As Wheelwright & Clark (1992 pp. 28–29,) point out: ‘Perhaps no activity in business is more heralded for its promise and approached with more justified ...
This is also related to the way China’s manufacturing landscape is steadily changing in favor of high-tech businesses, industrial parks, and other options. Industrial agglomeration, regarded as a crucial strategy for stimulating regional economic growth, represents a unique model of economic ...
As I’ve previously written, I first became interested in global supply chains in the 1990s, when the explosive growth of the Internet was driving a new golden age of globalization. In his 2005 international best-seller The World is Flat, Thomas Friedman explained that the rise of global supp...
Business model innovation is a form of organizational innovation where businesses create innovative ways to create and deliver value to their stakeholders. Accordingly, management innovation has been expressed as “invention and implementation of a management practice, process, structure, or technique that...
Thus, we define operational innovation as overall efficiency in business operations and divide the operational innovation into technical innovation and scale innovation. We adopt data envelopment analysis to measure a firm’s operational innovation and Dickinson’s method to determine the firm’s life ...
The Fund may become “non-diversified,” as defined under the Investment Company Act of 1940, as amended, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. Shareholder approval will not be sought when the Fund crosses...