August 7, 2009
Olav Sorenson, Susan McEvily, Charlotte Rongrong Ren and Raja Roy Although strategy research typically regards firm scope as a positional characteristic associated with performance differences, we propose that broad contemporary scope also provides insight into the routines that govern firm behavior. To attain broad scope, firms must repeatedly explore outside the boundaries of their current [...]
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August 7, 2009
Lee Fleming and Olav Sorenson A large body of work argues that scientific research increases the rate of technological advance, and with it economic growth. The precise mechanism through which science accelerates the rate of invention, however, remains an open question. Conceptualizing invention as a combinatorial search process, this paper argues that science alters inventors’ [...]
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August 7, 2009
Lee Fleming and Olav Sorenson Some companies are better off making incremental improvements to their products. Others that must compete on their ability to innovate focus on breakthrough inventions. Either approach requires the exploration of a specific type of ‘technology landscape’ and the right strategy for searching across the terrain. MIT Sloan Management Review, Winter [...]
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August 7, 2009
William P. Barnett and Olav Sorenson We synthesize organization learning theory and organizational ecology to predict systematic patterns in the founding and growth of organizations over time. Our central argument is that competition triggers organizational learning, which in turn intensifies competition that again triggers an adaptive response. We model this self-exciting dynamic–sometimes referred to as [...]
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August 7, 2009
Olav Sorenson Is starting a new business more difficult in an emerging industry or in a mature industry? The density dependent model of organizational ecology maintains that the industry’s age is irrelevant; the number of firms currently occupying the market niche determines the industry’s competitive structure. Nevertheless, population-level learning predicts historical asymmetry in entry barriers. [...]
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