This paper discusses the importance and need of incorporating technology and innovation strategy into business strategy to achieve overall competitive advantage for the company. The use of technology and innovation in value creation system is highlighted in a way that it plays a pivotal role in productivity, economic growth, increasing wealth in socioeconomic environment, and evolution of entir...

We examine a platform owner’s optimal two-sided pricing strategy while considering seller-side innovation decisions and price competition. We model the innovation race among sellers in both finite and infinite horizons. In the finite case, we analytically show that the platform’s optimal seller-side access fee fully extracts the sellers’ surplus, and that the optimal buyer-side access fee mitig...

W consider how public firms influence their stock market valuations by timing the introduction of innovative new products. Our focus is on innovation ratchet strategy—firms timing the introduction of innovations in order to demonstrate an improvement in the number of introductions over time. We document that public firms use an innovation ratchet strategy more often than do private firms and th...

The aim of this paper is to explore if ambidextrous strategy can support structured open innovation practices through dynamic capabilities. Drawing on multi-disciplinary literature with complementary theoretical roots, open innovation is linked to higher level organizational ambidextrous strategy and organizational processes that encompass dynamic capabilities. A theoretical framework is develo...