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  • 2012
  • Book

The Architecture of Innovation: The Economics of Creative Organizations

By: Josh Lerner
  • Format:Print
  • | Pages:206
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Abstract

Innovation is a much-used buzzword these days, but when it comes to creating and implementing a new idea, many companies miss the mark—plans backfire, consumer preferences shift, or tried-and-true practices fail to work in a new context. So is innovation just a low-odds crapshoot? In The Architecture of Innovation, Harvard Business School professor Josh Lerner—one of the foremost experts on how innovation works—says innovation can be understood and managed. The key to success? Incentives. Fortunately, new research has shed light on the role incentives can play in promoting new ideas, but these findings have been absent from innovation literature—until now. By using the principles of organizational economics, Lerner explains how companies can set the right incentives and time horizons for investments and create a robust innovation infrastructure in the process.

Keywords

Motivation and Incentives; Innovation Strategy; Innovation and Management; Organizational Structure; Microeconomics

Citation

Lerner, Josh. The Architecture of Innovation: The Economics of Creative Organizations. Harvard Business Review Press, 2012.
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About The Author

Josh Lerner

Entrepreneurial Management
→More Publications

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  • The Use and Misuse of Patent Data: Issues for Finance and Beyond By: Josh Lerner and Amit Seru
  • Shanghai Pudong Science and Technology Investment Co., Ltd.: December 2014 By: Josh Lerner
  • Hollie Haynes: An Unanticipated Crossroads By: Josh Lerner
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