Business Models and Technological Innovation - how they interact

The business model construct appeals to many academics, yet it lacks a widely accepted language that would allow researchers to draw on the work of others. In this piece, we explore one clear emerging view of the business model construct and examine where this view takes us in terms of understanding the relationship between business model innovation and technical innovation.

Updated: 03/10/2013
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Views: 3,018

Open innovation norms and knowledge transfer in interfirm technology alliances

How does knowledge transfer in interfirm technology alliances change when an industry norm of collaboration evolves? Firms tend to transfer more knowledge in technology joint ventures compared to contractual technology agreements. Using insights from new institutional economics, this research explores thet extent to which alliance governance association with interfirm knowledge transfer is sensitive to an evolving industry norm of collaboration connected to the logic of open innovation.

Updated: 25/09/2013
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Views: 2,881

Innovation and the critical role of supplier support - the case of the Tyrell P34

In the 1970s an innovative design of car threatened to achieve dominance in Formula 1, but was stymied by lack of supplier support. Paolo Aversa discusses the history of the Tyrell P34, a case which confirms the critical importance of strategic suppliers to innovation in industry.

Updated: 22/07/2013
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Views: 4,581

Could too much innovation hold Formula One teams back?

Formula 1 racing teams that focus on new technology could actually hamper their chances of winning, according to a new study from Cass Business School. Our findings suggest that teams which concentrate on optimising their existing technology actually perform better.

Updated: 19/03/2013
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Views: 2,748

Technology Alliance Governance, Partner Selection, and Firm Innovativeness

Interfirm technology alliances represent an important mechanism through which firms develop new technologies, products and processess. Research shows that the governance structure of such alliances is an important factor affecting the contribution it makes to a firm's innovativeness. Joint ventures are proven to be more effective knowledge transfer vehicles than contractual agreements, and yet alliance formation research shows that firms often govern technology alliances by the latter. If innovation motivates technology alliance governance decisions and if joint ventures increase firm innovativeness, then it is not clear why so many alliances are governed by contactual agreement. This paper tackles this conundrum and aims to advance understanding of the mechanisms connecting alliance governance to a firm's innovativeness.

Updated: 21/12/2012
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Views: 2,734

Founders, Private Equity Investors and Underpricing in Entrepreneurial Initial Public Offerings


One of the most important events in the life of an entrepreneurial firm is when it undergoes an Initial Public Offering (IPO). Underpricing of the stock at the IPO is the difference between the initial price at which a firm's stock is offered and the closing price of the stock on the first day of trading. It is a major concern to the entrepreneur and firm since it represents value the market ultimately sees in the stock but which the firm/entrepreneur did not obtain when the stock was first offered for sale. This paper examines IPO underpricing in a sample of UK entrepreneurial IPOs where founders retain a significant ownership stake.

Updated: 27/11/2012
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Views: 2,480

The Employee Ownership Advantage: benefits and consequences

In the UK, the case of employee-ownership has recently gained attention - in part because of the recognition of the need for fairer society, but also because adverse economic conditions point to business resilience as an important part of sustaining employment and long-term growth.

Cass Professors Joseph Lampel and Ajay Bhalla along with Newcastle University's Dr Pushkar Jha have released a joint study into employee ownership, conducted in collaboration with UK Department of Business, Innovation and Skills.

Updated: 07/02/2013
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Views: 4,738

Unusual talent: a study of successful leadership and delegation in dyslexic entrepreneurs

This study examines how dyslexia has affected the way ten successful entrepreneurs who are dyslexic lead their companies and manage their teams.

It seeks to understand whether dyslexia has shaped the way they organise and manage their ventures, their leadership style, the way they communicate and the way they deal with the people around them, including their employees.

Updated: 14/01/2013
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Views: 4,209

The Everyday Entrepreneur

Self-employment is the key to a better quality of life. For most women in this study their main motivation for starting a business was to increase their flexibility and improve their work life balance.

This study, commissioned by Avon Cosmetics, explores self-employment and entrepreneurship in women in the UK.

Updated: 14/01/2013
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Views: 4,025