Browsing Danish Research Unit for Industrial Dynamics (DRUID) by Year Published
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Jeppesen, Lars Bo; Laursen, Keld (Frederiksberg, 2007)[More information][Less information]
Abstract: This paper introduces a model of knowledge sharing of lead users located in a public and unrestricted community of users. While existing literature on knowledge sharing focuses on allocation and collaboration processes inside or among companies we extend this to the community level. We then focus on how key agents — lead users — facilitate knowledge sharing in this setting and the features that moderate such sharing. Our results show that lead users are central to search and integration of knowledge from different external sources of relevance to their communities. Inside the community lead users are active in both “giving and taking” knowledge. Further, as users build up experience they tend to give more knowledge, thus suggesting a dynamic pattern of knowledge sharing in which increases in experience make way for important knowledge diffusion processes in the community. URI: http://hdl.handle.net/10398/7870 Files in this item: 1
DRUID_07_24.pdf (311.8Kb) -
Abell, Peter; Felin, Teppo; Foss, Nicolai J. (Frederiksberg, 2007)[More information][Less information]
Abstract: Micro-foundations have become an important emerging theme in strategic management. This paper addresses micro-foundations in two related ways. First, we argue that the kind of macro (or “collectivist”) explanation that is utilized in the capabilities view in strategic management - which implies a neglect of micro-foundations in two related ways. First, we argue that the kind of macro (or "collectivist") explanation that is utilized in the capabilities view in strategic management - which implies a neglect of micro-foundations - is incomplete. There are no mechanisms that work solely on the macro-level, directly connecting routines and capabilities to firm-level outcomes. While routines and capabilities are useful shorthand for complicated patterns of individual action and interaction, ultimately they are best understood at the micro-level. Second, we provide a formal model that shows precisely why macro explanation is incomplete and which exemplifies how explicit micro-foundations may be built for notions of routines and capabilities and for how these impact firm performance. URI: http://hdl.handle.net/10398/7873 Files in this item: 1
DRUID_07_02.pdf (252.6Kb) -
A Rank-Size AnalysisLorenzen, Mark; Vaarst Andersen, Kristina (Frederiksberg, 2007)[More information][Less information]
Abstract: Using novel statistical data, the paper analyzes the geographical distribution of Richard Florida’s creative class among 445 European cities. The paper demonstrates that size matters, i.e. cities with a high proportion of creative class tend to get more creative through attraction of still more creative labor. More specifically, the distribution of the European creative class falls into three phases, each approximating a rank-size rule, with different exponents (i.e., inequality). The exponent for the smallest cities is profoundly more negative than for the middle-sized cities, and this tendency is stronger for the creative class than for the general population. Furthermore, the exponent of the largest cities is slightly less negative than the middle-sized cities, and this tendency is also stronger for the creative class. In order to explain this, the paper presents four propositions about how effects of large and small population sizes of cities may be more detrimental to attracting the creative class than attracting the population in general. Below a population size of approximately 70,000 inhabitants, there is a rapid drop of attractiveness to the creative class with decreasing city size. We propose that this may be because below this size, cities begin to drop below minimum efficient market sizes for particular creative services, below minimum labor market sizes for particular creative job types, and below minimum levels of political representation by the creative class. Above a European city population size of approximately 1,2 million inhabitants, the attractiveness of increasing city size for the creative class drops, and we propose that the creative class may respond particularly adversely to urban congestion. URI: http://hdl.handle.net/10398/7871 Files in this item: 1
DRUID_07_17.pdf (317.3Kb) -
Internationalization of Indian Film IndustryLorenzen, Mark; Taeube, Florian Arun (Frederiksberg, 2007)[More information][Less information]
Abstract: In the context of an emerging economy, the paper analyzes indigenous growth and internationalization. Using novel and original data, the paper studies the Indian film cluster in Mumbai, Bollywood. It argues that as the world’s biggest commercial film cluster and a conspicuous growth phenomenon in an emerging economy context, Bollywood can be seen as a paradigmatic case for adding to our understanding of the development of film clusters outside the USA, as well as suggesting more general insights into the growth and internationalization of industries in emerging economies. The empirical analysis of the paper points to the importance of home market, government regulation, and industry structure for Bollywood’s recent export growth. The paper discusses how the existence of a well-defined and geographically centered social network among producers, directors and other key roles in filmmaking in Mumbai supports the development of a ‘Bollywood model’ of filmmaking with a industry structure remarkably different from Hollywood’s. URI: http://hdl.handle.net/10398/7872 Files in this item: 1
DRUID_07_06.pdf (211.3Kb) -
How Regional Characteristics Affect External Knowledge Acquisition and InnovationMasciarelli, Francesca; Prencipe, Andrea; Laursen, Keld (København, 2007)[More information][Less information]
Abstract: To introduce new products and processes, firms often acquire knowledge from other organizations. Drawing on social capital and transaction cost theory, we argue that not only is the impact of such acquisitions on the successful development of product and product innovations dependent on strategic and economic variables, it may also be contingent on the "knowledge characteristics” of the geographical area in which the firm is located. Combining data on social capital at the level of 21 regions with a large scale data set on innovative activities by a representative sample of 2464 Italian manufacturing firms, we find — after controlling for a large set of firm and regional characteristics — that being located in regions characterized by high levels of social interaction leads to a higher propensity to innovate. In addition, being located in an area characterized by a high degree of social interaction positively moderates the effectiveness of externally acquired R&D on innovation inclination. URI: http://hdl.handle.net/10398/7261 Files in this item: 1
druidwp07-20.pdf (465.2Kb) -
Sornn-Friese, Henrik; Jensen, Søren Henning (Frederiksberg, 2006)[More information][Less information]
Abstract: This paper questions the overall role of interfirm linkages in industrial dynamics. Studying Danish trucking and congress tourism, the paper addresses a number of particular questions concerning how industry responds to changing conditions. In trucking, the important interfirm linkages are pecuniary and entails nontrivial exchange among multiple dispersed agents, while in congress tourism Inter-organizational linkages are more strategic, with the activities of multiple agents forming together into products, without direct exchange. URI: http://hdl.handle.net/10398/7874 Files in this item: 1
DRUID_06_33.pdf (188.8Kb) -
Cross-national Transfer of Socially Responsible InvestmentBoxenbaum, Eva; Gond, Jean-Pascal (Frederiksberg, 2006)[More information][Less information]
Abstract: This paper examines how individuals select and mobilize local institutions when they transfer business practices across societies that are construed as dissimilar to one another. We investigate empirically how the American business practice of socially responsible investment (SRI) was transferred to France and Quebec. Our analysis identifies five micro-strategies that were employed to contextualize SRI, namely filtering, rerouting, stowing, defusing, and coupling. This repertoire of micro-strategies extends previous research on contextualization, translation, and institutional transfers and links them to one another. They may also help explain why some transfers succeed while others fail. URI: http://hdl.handle.net/10398/7875 Files in this item: 1
DRUID_06_24.pdf (282.5Kb) -
Davis, Lee (København, 2006)[More information][Less information]
Abstract: This paper investigates in an exploratory manner the licensing strategies pursued by firms whose business model is based on developing and licensing out their intellectual property rights (IPRs). These are not traditional suppliers, since they do not engage in production or commercialization, but focus solely on invention. While considerable anecdotal evidence exists about these IP vendors, there has been no systematic investigation of how they use licensing to appropriate value from their investments in R&D. In this paper, we suggest that the licensing strategies they pursue can be differentiated along two main dimensions: whether the driving force behind the inventive process is "technology push" or "market pull", and the degree to which the innovative activities carried out by the IP vendor are mutually dependent upon the innovative activities of the other relevant market players. On this basis, four main licensing strategies are identified. We investigate the relative benefits and costs of these four strategies, and the factors affecting licensing choices. Key words: Intellectual property, licensing, strategy JEL Codes: O31, O32, O34 URI: http://hdl.handle.net/10398/7266 Files in this item: 1
wp06-12.pdf (182.4Kb) -
Thoughts on a Micro-Foundations Project for Strategic Management and Organizational AnalysisFelin, Teppo; Foss, Nicolai J. (København, 2006)[More information][Less information]
Abstract: Making links between micro and macro levels has been problematic in the social sciences, and the literature in strategic management and organization theory is no exception The purpose of this chapter is to raise theoretical issues in developing micro-foundations for strategic management and organizational analysis We discuss more general problems with collectivism in the social sciences by focusing on specific problems in extant organizational analysis We introduce microfoundations to the literature by explicating the underlying theoretical foundations of the origins of individual action and interaction We highlight opportunities for future research, specifically emphasizing the need for a rational choice program in management research. URI: http://hdl.handle.net/10398/7470 Files in this item: 1
cbs forskningsindberetning smg 39.pdf (4.296Mb) -
Insights from Austrian Capital and Entrepreneurship TheoryFoss, Nicolai J.; Ishikawa, Ibuki (Frederiksberg, 2006)[More information][Less information]
Abstract: Over the last two decades the resource-based view (“RBV”) has become dominant in the strategic management field. It has often been observed that the RBV is lacking in the dynamic dimension. For example, processes of building competitive advantages by means of combining existing complementary resources in novel ways are not inquired into. We argue that the RBV may profitably draw on insights in entrepreneurship and capital theory, drawn from Austrian economists as well as Frank Knight, in order to strengthen its dynamic dimension. We link the RBV and Austrian ideas in the context of the theory of complex systems pioneered by Herbert Simon. We draw a number of implications for strategic management from this synthesis, notably into resource value and sustainability of competitive advantage. URI: http://hdl.handle.net/10398/7877 Files in this item: 1
DRUID_06_16.pdf (174.5Kb) -
Effects on Performance in Danish and Swedish BiotechnologyValentin, Finn; Dahlgren, Henrich; Lund Jensen, Rasmus (København, 2006)[More information][Less information]
Abstract: Although biotech start-ups fail or succeed based on their research few attempts have been made to examine if and how they strategize in this core of their activity. Popular views on Dedicated Biotech Firms (DBFs) see the inherent uncertainty of research as defying notions of strategizing, directing instead the attention to the quality of their science, or the roles of boards, management, and collaborative networks etc. Using a unique comprehensive dataset on Danish and Swedish biotech start-ups in drug discovery this paper analyzes their research strategies. Adopting a Simonean point of departure we develop a contingency view on complex problem solving which structures the argument into three steps: 1) Characterising the problem architectures addressed by different types of DBFs; 2) Testing and confirming that DBFs form requisite research strategies, by which we refer to problem solving approaches developed as congruent responses to problem architectures; 3) Testing and confirming that financial valuation of firms is driven by achievements conforming to requisite research strategies. These strategies, in turn, require careful combination of multiple dimensions of research. Findings demonstrate that Shonhoovens classical argument that "strategy matters" is valid not only for the larger high-tech firms covered by her study, but also for small research-based start-ups operating at the very well springs of knowledge where science directly interacts with technologies. Even though a lot more research is needed along these lines, these findings offer new implications for the understanding, management, and financing of these firms. JEL Codes: L25, L65, O32 URI: http://hdl.handle.net/10398/7214 Files in this item: 1
wp06-11.pdf (254.6Kb) -
Effects on Performance in Danish and Swedish Biotechnology ByValentin, Finn; Dahlgren, Henrich; Lund Jensen, Rasmus (Frederiksberg, 2006)[More information][Less information]
Abstract: Although biotech start-ups fail or succeed based on their research few attempts have been made to examine if and how they strategize in this core of their activity. Popular views on Dedicated Biotech Firms (DBFs) see the inherent uncertainty of research as defying notions of strategizing, directing instead the attention to the quality of their science, or the roles of boards, management, and collaborative networks etc. Using a unique comprehensive dataset on Danish and Swedish biotech start-ups in drug discovery this paper analyzes their research strategies. Adopting a Simonean point of departure we develop a contingency view on complex problem solving which structures the argument into three steps: 1) Characterising the problem architectures addressed by different types of DBFs; 2) Testing and confirming that DBFs form requisite research strategies, by which we refer to problem solving approaches developed as congruent responses to problem architectures; 3) Testing and confirming that financial valuation of firms is driven by achievements conforming to requisite research strategies. These strategies, in turn, require careful combination of multiple dimensions of research. Findings demonstrate that Shonhoovens classical argument that “strategy matters” is valid not only for the larger high-tech firms covered by her study, but also for small research-based start-ups operating at the very well springs of knowledge where science directly interacts with technologies. Even though a lot more research is needed along these lines, these findings offer new implications for the understanding, management, and financing of these firms. URI: http://hdl.handle.net/10398/7879 Files in this item: 1
DRUID_06_11.pdf (254.6Kb) -
Some Cross-Country EvidenceBjørnskov, Christian; Foss, Nicolai J. (Frederiksberg, 2006)[More information][Less information]
Abstract: While much attention has been devoted to analyzing how the institutional framework and entrepreneurship impact growth, how economic policy and institutional design affect entrepreneurship appears to be much less analyzed. We try to explain cross-country differences in the level of entrepreneurship by differences in economic policy and institutional design. Specifically, we use measures of economic freedom from the Economic Freedom of the World database to examine which elements of economic policy making and the institutional framework are responsible for the supply of entrepreneurship Our data on entrepreneurship are derived from the Global Entrepreneurship Monitor. The combination of these two datasets is unique in the literature. We find that the size of government is negatively correlated with entrepreneurial activity but that sound money is positively correlated with entrepreneurial activity. Other measures of economic freedom are not significantly correlated with entrepreneurship. URI: http://hdl.handle.net/10398/7876 Files in this item: 1
DRUID_06_18.pdf (261.1Kb) -
Challenges and CharacteristicsFoss, Nicolai J. (Frederiksberg, 2006)[More information][Less information]
Abstract: The “knowledge governance approach” is characterized as a distinctive, emerging approach that cuts across the fields of knowledge management, organisation studies, strategy, and human resource management. Knowledge governance is taken up with how the deployment of governance mechanisms influences knowledge processes, such as sharing, retaining and creating knowledge. It insists on clear micro (behavioural) foundations, adopts an economizing perspective, and examines the links between knowledge-based units of analysis with diverse characteristics and governance mechanisms with diverse capabilities of handling these transactions. Research issues that the knowledge governance approach illuminates are sketched. URI: http://hdl.handle.net/10398/7880 Files in this item: 1
DRUID_06_10.pdf (170.2Kb) -
Davis, Lee (Frederiksberg, 2006)[More information][Less information]
Abstract: This paper investigates in an exploratory manner the licensing strategies pursued by firms whose business model is based on developing and licensing out their intellectual property rights (IPRs). These are not traditional suppliers, since they do not engage in production or commercialization, but focus solely on invention. While considerable anecdotal evidence exists about these IP vendors, there has been no systematic investigation of how they use licensing to appropriate value from their investments in R&D. In this paper, we suggest that the licensing strategies they pursue can be differentiated along two main dimensions: whether the driving force behind the inventive process is “technology push” or “market pull”, and the degree to which the innovative activities carried out by the IP vendor are mutually dependent upon the innovative activities of the other relevant market players. On this basis, four main licensing strategies are identified. We investigate the relative benefits and costs of these four strategies, and the factors affecting licensing choices. URI: http://hdl.handle.net/10398/7878 Files in this item: 1
DRUID_06_12.pdf (182.4Kb) -
When to Ally with Weak PartnersOverby, Mikkel Lucas (Frederiksberg, 2005)[More information][Less information]
Abstract: In many emergent markets, cross-industry alliances are necessary to develop and market new products and services. The resource-based view suggests that firms form alliances to access or acquire valuable, rare, non-imitable and non-substitutable resources, and that such access determines the level of profits. Hence, firms confronted with the choice between partners with strong versus partners with weak resource endowments should choose the former. We contest this view and argue that firms benefit from allying with weak partners at certain times. In essence, we suggest that partner selection involves assessing the relative importance of strong resource endowments and aligned strategic aspirations over time. By adopting an evolutionary approach, we show that appropriate partner selection criteria are dynamic and may involve allying with weak partners in the initial exploratory stage, with weak and/or strong partners in the development stage and with strong partners in the maturity stage. Our findings suggest that the resource-based understanding of strategic alliances should be extended to include a more profound role for a partner firm’s strategic aspiration. URI: http://hdl.handle.net/10398/7888 Files in this item: 1
DRUID_05_07.pdf (380.4Kb) -
Product Experimentation in the Music IndustryLorenzen, Mark; Frederiksen, Lars (Frederiksberg, 2005)[More information][Less information]
Abstract: The paper is conceptual, combining project and economic organization literatures in order to explain the organization and management of market-based projects. It dedicates particular focus to projects set up in order to facilitate product innovation through experimentation. It investigates the internal vs. market economies of scale and scope related to projects, as well as the issues of governance, planning and coordination related to reaping such economies. Incorporating transaction cost perspectives as well as considerations of labour markets, the paper explains the management of market-organized innovation projects by virtue of localized project ecologies and local labour markets of leaders and boundary spanners. It illustrates its arguments with a case study of the Recorded Music industry. URI: http://hdl.handle.net/10398/7881 Files in this item: 1
DRUID_05_23.pdf (174.4Kb) -
Malmberg, Anders; Maskell, Peter (Frederiksberg, 2005)[More information][Less information]
Abstract: The concept of localized learning outlines how local conditions and spatial proximity between actors enable the formation of distinctive cognitive repertoires and influence the generation and selection of skills, processes and products within a field of knowledge or activity. The localized learning argument consists of two distinct yet related elements. One has to do with localized capabilities that enhance learning while the other concerns the possible benefits that firms with similar or related activities may accrue by locating in spatial proximity of one another. In this essay, we disentangle these two inherent elements of the concept, review some of the critique that has been raised against it, and sort out some misunderstandings that we think are attached to its present use. URI: http://hdl.handle.net/10398/7884 Files in this item: 1
DRUID_05_19.pdf (110.2Kb) -
Comparing inter-firm labor mobility in the music industry and manufacturing industriesFrederiksen, Lars; Sedita, Silvia Rita (Frederiksberg, 2005)[More information][Less information]
Abstract: This paper adds new knowledge to the phenomenon of transferring embodied knowledge through labor mobility by means of a comparative study of the entertainment and manufacturing industries. Explorative in nature, the paper takes advantage of unique data on the Danish labor market (i.e. IDA) to investigate labor mobility patterns for the two selected industries and to detect internal differences within industry segments and regarding creative intensive and invention activities in particular. We use the music industry as a proxy for the entertainment industries. URI: http://hdl.handle.net/10398/7887 Files in this item: 1
DRUID_05_14.pdf (1.449Mb) -
The Role of Temporary ClustersMaskell, Peter; Bathelt, Harald; Malmberg, Anders (Frederiksberg, 2005)[More information][Less information]
Abstract: Business people and professionals come together regularly at trade fairs, exhibitions, conventions, congresses, and conferences. Here, their latest and most advanced findings, inventions and products are on display to be evaluated by customers and suppliers, as well as by peers and competitors. Participation in events like these helps firms to identify the current market frontier, take stock of relative competitive positions and form future plans. Such events exhibit many of the characteristics ascribed to permanent spatial clusters, albeit in a temporary and intensified form. These short-lived hotspots of intense knowledge exchange, network building and idea generation can thus be seen as temporary clusters. The present paper compares temporary clusters with permanent clusters and other types of inter-firm interactions. If regular participation in temporary clusters can satisfy a firm’s need to learn through interaction with suppliers, customers, peers and rivals, why is the phenomenon of permanent spatial clustering of similar and related economic activity so pervasive? The answer, it is claimed, lies in the restrictions imposed upon economic activity when knowledge and ideas are transformed into valuable products and services. The paper sheds new light on how interaction among firms in current clusters coincides with knowledge-intensive pipelines between firms in different regions or clusters. In doing so, it offers a novel way of understanding how interfirm knowledge relationships are organized spatially and temporally. URI: http://hdl.handle.net/10398/7883 Files in this item: 1
DRUID_05_20.pdf (119.4Kb)
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