Currently, two modelsof innovation are prevalent in organization science. The "private investment" model assumes returns to the innovator resultfsu private goods andef ficient regimesof intellectual property protection. The "collective action" model assumes that under conditionsof market f ailure, innovators collaborate in order to produce a public good. The phenomenonof open sourcesofc are development shows that users program to solve their own as well as shared technical problems, andfd./( reveal their innovations without appropriating private returnsftu selling thesofL are. In this paper, we propose that open sourcesofc are development is an exemplarof a compound "private-collective" modelof innovation that contains elementsof both the private investment and the collective action models and canof f society the "bestof both worlds" under many conditions. We describe a new setof research questions this model raisesfi scholars in organization science.

Abstract not found

Firms are undertaking growing numbers of e-commerce initiatives and increasingly making significant investments required to participate in the growing online market. However, empirical support for the benefits to firms from e-commerce is weaker than glowing accounts in the popular press, based on anecdotal evidence, would lead us to believe. In this paper, we explore the following questions: What are the returns to shareholders in firms engaging in e-commerce? How do the returns to conventional, brick and mortar firms from e-commerce initiatives compare with returns to the new breed of net firms? How do returns from businessto-business e-commerce compare with returns from business-to-consumer e-commerce? How do the returns to e-commerce initiatives involving digital goods compare to initiatives involving tangible goods? We examine these issues using event study methodology and assess the cumulative abnormal returns to shareholders (CARs) for 251 e-commerce initiatives announced by firms between October and December 1998. The results suggest that e-commerce initiatives do indeed lead to significant positive CARs for firms ’ shareholders. While the CARs for conventional firms are not significantly different from those for net firms, the CARs for businessto-consumer (B2C) announcements are higher than those for business-to-business (B2B) announcements.

The literature on electronic commerce (EC) and electronic marketplaces has long recognized the importance of different kinds of intermediaries and the different functions they serve [5]. The Internet is most often discussed in connection with digital intermediaries [76], as the displacement of traditional intermediaries. In this research, we propose a new conceptual framework for understanding how competition in business-tobusiness (B2B) EC in the presence of information technology (IT) innovations changes firm-level strategy choices and the structure of the marketplace. We also identify and discuss the economic forces that lead to these changes. In this context, we further describe a recurring pattern of intermediation, disintermediation and reintermediation through an "IDR framework." We also explain the impetus for technological reintermediation, where a disenfranchised traditional player is able to compete again, by leveraging technological innovations with co-specialized assets. W...

Abstract not found

This paper studies redeployment of resources between target and acquiring businesses following horizontal acquisitions. The analysis draws from perspectives that emphasize the strategic importance of resources that are subject to market failure. We define a five-part typology of R&D, manufacturing, marketing, managerial, and financial resources. We show that targets and acquirers frequently redeploy resources following horizontal acquisitions, especially resources that frequently face market failure. We then show that the magnitude of redeployment of each type of resource increases with the asymmetry of the merging businesses ’ relative strength on the resource dimension. The research stresses evolutionary perspectives on business organizations that emphasize the importance of organizational differences in competitive markets. The central premise of our research is that the market for businesses is often more robust than the market for resources. © 1998 John Wiley & Sons, Ltd. Strat. Mgmt. J. Vol. 19, 631–661 (1998)

On behalf of:

On behalf of:

"Business model" is one of the latest buzzwords in the Internet and electronic business world. This paper has the ambition to give this term a more rigorous content. The objective is threefold. The first one is to propose a theoretical e-business model framework for doing business in the Internet era. The second one is to propose a multi-dimensional classification-scheme for eBusiness Models, as opposed to the actual tendency in academic literature to use two-dimensional classifications. The final objective is to define critical success factors, based on a field study in order to find out and compare the performance indicators used by e-business firms which are competing with similar businesses models. Keywords: e-business, business model, classification, key success factor, e-business measurements, benchmarking, value creation This is a preprint of an article published in Thunderbird International Business Review (site) 2001, Thunderbird eBusiness Model Design, Classific...

The media hype surrounding the growth of electronic commerce has led to considerable firm interest in making the significant investments required to participate in this growing market. However, the evidence on benefits to firms from e-commerce is far from unequivocally positive, as popular accounts would lead us to believe. In this paper we explore the following questions: What are the economic returns to firms from engaging in e-commerce? How do the returns to non-net, brick and mortar firms from e-commerce initiatives compare with returns to the new breed of net firms? How do returns from business-to-business e-commerce compare with returns from business-to-consumer e-commerce? We examine these issues using event study methodology and assess the cumulative abnormal returns (CARs) for 305 e-commerce announcements between October and December 1998. The results suggest that e-commerce initiatives announced in this period do indeed lead to positive CARs for firms. However, the hypothesis drawing on the resource based view of the firm: that the CAR to nonnet firms is significantly more than the CAR to net firms is not supported. Further, the CARs associated with business-to-consumer e-commerce announcements is higher than the CARs for