I argue that incumbent firms may adapt to a radical innovation through interfirm cooperation with new entrants. In particular, I suggest that incumbent firms may leverage their pre-innovation complementary assets via exploitation alliances with new entrants. Thus, exploitation alliances are...

Advances in information technology have fundamentally altered how we make decisions, as well as the range of alternative options we might consider when deciding. From fairly trivial decisions to important ones, our decisions are increasingly informed by online expert or “crowd-sourced”...

Sustainable, economic, environmental and social development will require substantial improvements in the efficiency of present environmental and resource use, which in turn will increase the focus on a broader set of environmental, economic and social linkages. These are the result of dynamic...

In the last few years, we have seen the emergence of two new ways in which firms interact with outside stakeholders, namely crowdsourcing and crowdfunding service providers. In this article we define crowdsourcing and crowdfunding terms, compare new business models with the traditional ones,...

For a period starting in 2015, Apple, Google, and Microsoft became the most valuable companies in the world. Each was marked by an external developer ecosystem. Anecdotally, at least, developers matter. Using a formal model of code spillovers, we show how a rising number of developers can invert...

Die Techniken und Methoden des Virtual Engineering bieten die Chance auf frühzeitig verfügbare, realistische Produktdarstellungen. Diese Produktdarstellungen können als virtuelle Stimuli in Kundentests eingesetzt werden. Ziel der Kundentests ist die Bewertung der Akzeptanz neuer...

In the engine development process, simulation and predictive programs have continuously gained in reliance. Due to the complexity of future internal combustion engines the application of simulation programs towards a reliable “virtual engine development” is a need that represents one of the...

Complete quality management as a modern concept is starting to be implemented in organizations in the Republic of North Macedonia. Its implementation is based on the perceptions of the positive effects it offers. This concept enables visible changes in organizations, while offering several...