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The Architecture of Innovation
The Economics of Creative Organizations
Josh Lerner
OUP/Harvard Business Press
224 pages
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234x156mm
978-0-19-963989-2
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Hardback
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06 September 2012
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- Comprehensive and accessibly written view of innovation landscape
- Addresses rapid evolution of venture capital marketplace
- Links finance, entrepreneurship, and innovation
- Draws on case studies and examples, such as Skype, Xerox
- Leading scholar on Innovation, Venture Capital, and Strategy
The developed world is struggling with unsustainable promises and unappealing choices, and sustained economic growth represents one of the few ways out. And over the centuries, growth in advanced economies has been strongly linked to innovation.
Despite the vast amounts written about innovation over the years, understanding of its drivers remains surprisingly limited. This book, by top Harvard Business School professor Josh Lerner, seeks to remedy this shortfall. It highlights that while organizational economists have made strides in understanding what combinations of incentives and organization structure can encourage innovative
breakthroughs, many of these insights have not yet received the attention they deserve in the real world, or been developed in ways that can easily be applied in real situations. The author focuses on two models for encouraging innovation, the corporate research laboratory and the start-up. Each model, while proven and successful, also faces significant challenges and ambiguities. A central argument is that there remains considerable potential for hybrids between these two approaches.
This book draws on important research in economics and reviews different approaches to innovation, combining this with a series of case examples to explore the challenges that face start up firms, large firms, and nations. It is essential reading for anybody faced with the challenge of
innovation.Readership: Academics, researchers, and students in Business, Economics, and Finance; managers and general readers interested in Innovation, Entrepreneurship, and Venture Capital; and Innovation policymakers
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Josh Lerner, Jacob H. Schiff Professor of Investment Banking, Harvard Business School Josh Lerner is the Jacob H. Schiff Professor of Investment Banking at Harvard Business School, with a joint appointment in the Finance and the Entrepreneurial Management Areas. He co-directs the National Bureau of Economic Research's Productivity, Research, and Innovation Program and serves as co-editor of their publication, Innovation Policy and the Economy. He founded and runs the Private Capital Research Institute, a non-profit devoted to encouraging data access to and research about venture capital and private equity. His research examines the structure and role of venture capital and private equity organizations,
in books such as The Venture Capital Cycle, The Money of Invention, and Boulevard of Broken Dreams, and policies towards intellectual property protection, and how they impact firm strategies in high-technology industries, as discussed in Innovation and Its Discontents and The Comingled Code.
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Foreword
1: The Search for Innovation and Growth
Part I: The Traditional Model
2: The Classic School
3: Critics and Change
Part II: The Venture Alternative
4: A New Approach
5: The Perils of Modernity
Part III: The Best of Both Worlds?
6: Postmodern Fusion
7: The Master Architect
8: Improving the Design
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The specification in this catalogue, including without limitation price, format, extent, number of illustrations, and month of publication, was as accurate as possible at the time the catalogue was compiled. Occasionally, due to the nature of some contractual restrictions, we are unable to ship a specific product to a particular territory. Jacket images are provisional and liable to change before publication.
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