Research on Technology Strategy

Emerging technology strategy: Technology can dramatically affect new and existing companies and products. For example, a new technology, such as an online newspaper, could replace the printed version or conversely attract readers to it. In another example, existing companies like Cisco frequently acquire technology startups. But should they buy them early while they are young and cheap? Or wait until the technology is proven? Should companies "look before they leap" or is it that "he who hesitates is lost"?

Some current and recent projects are:

    Impact of new technology introduction:
    (with Eric Overby) What effect does the introduction of a new technology have on an existing technology? We find a key factor is whether the new technology is used as a supplement or a substitute. A version of this paper is available from SSRN
    Value creation from technology acquisition:
    (with Saby Mitra) How is value created when a technology firm is acquired? Does it matter if the acquired firm is young or old? We examine this question through a study of market reactions to acquisitions in the telecommunications industry. A report from this research appeared in Management Science, vol. 56, no. 11, pp. 2076-2093, 2010. Download
    Strategic positioning and liquidity event:
    (with Matt Higgins and Frank Rothaermel) Focusing on IPOs and acquisitions in the biotechnology industry, we examine the role of strategic positioning and entrepreneurial reward. [Contact me for a working paper.]
    Learning from failure:
    (with Drew Hess and Frank Rothaermel) While failure is typical considered bad, we examine learning aspects of early and late stage project failures in the pharmaceutical industry. [Contact me for a working paper.]
    Hierarchical supply chains:
    (with Zhe Qu and Sri Narasimhan) Global communication and interconnectedness allows new opportunities for supply chain contracting. We use optimization models to provide management heuristics in these increasingly complex configurations. [Contact me for a working paper.]