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• Article | American Economic Review: Insights

  Foreign Competition and Domestic Innovation: Evidence from U.S. Patents

  David Autor, David Dorn, Gordon H. Hanson, Gary P. Pisano and Pian Shu

  Manufacturing accounts for more than three-quarters of U.S. corporate patents. The competitive shock to this sector emanating from China's economic ascent could in theory either augment or stifle U.S. innovation. Using three decades of U.S. patents matched to corporate owners, we quantify how foreign competition affects domestic innovation. Rising import exposure intensifies competitive pressure, reducing sales, profitability, and R&D expenditure at U.S. firms. Accounting for confounding sectoral patenting trends, we find that U.S. patent production declines in sectors facing greater import competition. This adverse effect is larger among initially less profitable and less capital-intensive firms.

  Keywords: Patents; Production; Trade; Competition; Innovation and Invention; United States;

  Citation:

  Autor, David, David Dorn, Gordon H. Hanson, Gary P. Pisano, and Pian Shu. "Foreign Competition and Domestic Innovation: Evidence from U.S. Patents." American Economic Review: Insights 2, no. 3 (September 2020): 357–374.  View Details

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• Article | Harvard Business Review Digital Articles | May 6, 2020

  We Shouldn't Wait for a Breakthrough in the Covid-19 Pandemic

  Gary P. Pisano

  The ultimate solutions to the Covid-19 crisis may be big breakthroughs in building massive test and trace capacity and developing vaccines and drug remedies. But in the meantime, we should not ignore the potential cumulative impact of the many small things we already know how to do or might try that together could make a big dent in the current crisis. Big problems typically get tackled through a series of small solutions, each of which on its own may not seem particularly important but that together can have a huge impact. Creating and implementing a “small steps” strategy, however, will require strong leadership.

  Keywords: COVID-19; Health Pandemics; Strategy; Leadership;

  Citation:

  Pisano, Gary P. "We Shouldn't Wait for a Breakthrough in the Covid-19 Pandemic." Harvard Business Review Digital Articles (May 6, 2020).  View Details

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• Technical Note | HBS Case Collection | November 2019 (Revised April 2020)

  The Life Sciences Revolution: A Technical Primer

  Gary P. Pisano, William J. Anderson, Amitabh Chandra, Clarissa Ceruti and Stephanie Oestreich

  For more than two decades, scientific advances have been driving profound changes in drug discovery and the drug industry itself. This case provides an overview and description of these technical and scientific advances. Written for the nonscientific reader, it may be used as companion reading for other case materials that require basic knowledge of the tools, techniques, and approaches used in the pharmaceutical and biotechnology industries.

  Keywords: Science; Technological Innovation; Technology; Pharmaceutical Industry; Biotechnology Industry;

  Citation:

  Pisano, Gary P., William J. Anderson, Amitabh Chandra, Clarissa Ceruti, and Stephanie Oestreich. "The Life Sciences Revolution: A Technical Primer." Harvard Business School Technical Note 620-054, November 2019. (Revised April 2020.)  View Details

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