88 results found
Dahlander L, Gann DM, Wallin MW, 2021, How open is innovation? A retrospective and ideas forward, RESEARCH POLICY, Vol: 50, ISSN: 0048-7333
Maier S, Polak J, Gann D, 2020, Valuing portfolios of interdependent real options using influence diagrams and simulation-and-regression: A multi-stage stochastic integer programming approach, Computers and Operations Research, Vol: 115, ISSN: 0305-0548
Although real options generally occur within portfolios, most valuation approaches based on either option pricing or decision analysis alone focus on single well-defined options. In this paper we present a new approach for modelling and approximating the value of portfolios of interdependent real options using both influence diagrams and simulation-and-regression. The key feature of this approach is that it translates the interdependencies between real options into a set of constraints and then directly models the dynamics of all underlying uncertainties using (Markovian) stochastic processes. These are then integrated in a portfolio optimisation problem which is formulated as a multi-stage stochastic integer program. Applying a simulation and parametric regression approach to approximate the value of this optimisation problem, we present a transparent valuation algorithm that explicitly takes into account vector-valued exercise decisions and the state variable’s multidimensional resource component. The approach is therefore applicable to a wide range of complex investment projects with both inherent interdependent flexibilities and many underlying uncertainties. The approach is illustrated by evaluating a complex natural resource investment that features both a large portfolio of interdependent real options and four stochastic factors. We analyse the way in which the approximated value of the portfolio and its individual options are affected by the initial copper price as well as by the degrees of production cost and copper price uncertainty.
Dodgson M, Gann D, 2020, Philanthropy, innovation and entrepreneurship: An introduction, ISBN: 9783030380168
“Much of the adventure in science is supported by philanthropy. This book explains the important connections between philanthropy, innovation and entrepreneurship.” —Professor Stephen Caddick, Director of Innovation, Wellcome Trust. “At its most effective, philanthropy needs to be risk-taking, entrepreneurial and catalytic. This book clearly demonstrates how successful philanthropic outcomes depend on innovative ambitions.” —James Chen, philanthropist and Founder, Clearly. Intended as an essential introduction to philanthropy, this book provides a balanced, analytical, interdisciplinary overview of a complex, and often controversial, topic. Using case studies to illustrate the narrative, it covers everything from the history of individual, sometimes eccentric, philanthropists, to the controversies and challenges of ‘philanthrocapitalism’. This book explores philanthropists and their motivations: who are they and why do they give their money away? It explains what philanthropy does: its history and scope, and the impacts it has in areas such as science and the arts. The governance of philanthropy is explored: how decisions are reached about donations and their accountability. The book addresses the major controversies surrounding philanthropy, and discusses the difficulties involved in giving and receiving, e.g. the importance of ensuring that these processes are transparent and accountable. Lastly, the book considers the future of philanthropy, especially its changing role in society and the disruptive impact of digital technologies. Given its scope, the book offers a valuable resource for researchers interested in philanthropy, innovation and entrepreneurship, the motivations for individual and corporate donations, and the business of giving in general.
Dodgson M, Gann D, 2020, Who Are Philanthropists and Why Do They Give?, Philanthropy, Innovation and Entrepreneurship, Publisher: Springer International Publishing, Pages: 17-34, ISBN: 9783030380168
Dodgson M, Gann D, 2020, The Governance of Philanthropy, Philanthropy, Innovation and Entrepreneurship, Publisher: Springer International Publishing, Pages: 65-91, ISBN: 9783030380168
Dodgson M, Gann D, 2020, What Is Philanthropy and Why Is It Important and Controversial?, Philanthropy, Innovation and Entrepreneurship, Publisher: Springer International Publishing, Pages: 1-15, ISBN: 9783030380168
Dodgson M, Gann D, 2020, Controversies and Future Challenges, Philanthropy, Innovation and Entrepreneurship, Publisher: Springer International Publishing, Pages: 93-110, ISBN: 9783030380168
Dodgson M, Gann D, 2020, Philanthropy and Innovation, Philanthropy, Innovation and Entrepreneurship, Publisher: Springer International Publishing, Pages: 35-64, ISBN: 9783030380168
Guo L, Zhang MY, Dodgson M, et al., 2019, Huawei's catch-up in the global telecommunication industry: innovation capability and transition to leadership, TECHNOLOGY ANALYSIS & STRATEGIC MANAGEMENT, ISSN: 0953-7325
Dodgson M, Gann DM, 2018, The Playful Entrepreneur
Dodgson M, Gann DM, 2018, The Playful Entrepreneur How to Adapt and Thrive in Uncertain Times, ISBN: 9780300233926
Drawing on in-depth interviews with entrepreneurs and innovators, this book explains why we should incorporate play into work, what play looks like, and how to encourage playfulness in individuals and organizations.
Guo L, Zhang MY, Dodgson M, et al., 2018, Seizing windows of opportunity by using technology-building and market-seeking strategies in tandem: Huawei’s sustained catch-up in the global market, Asia Pacific Journal of Management, ISSN: 0217-4561
© 2018, Springer Science+Business Media, LLC, part of Springer Nature. This paper analyzes the strategies by which Huawei, one of China’s few privately-owned multinational firms, responded to various windows of opportunity as technology, policy and demand changed during the evolution of the telecommunication industry between the late 1980s and 2014. Based on a historical longitudinal analysis, our in-depth case study unfolds the dynamic process by which Huawei utilized dual technology-building and market-seeking strategies to capitalize on those windows of opportunity and to achieve sustained catch-up, not only in technological capability but also in the global market. By linking strategy at the firm level to external conditions at the sector level, this paper contributes to theory on how latecomers develop firm-specific advantages and enriches our understanding of how they develop dynamic competitive advantage to achieve sustained catch-up.
Gann DM, Dodgson M, 2018, Innovation - a very short introduction 2nd Edition, Publisher: Oxford University Press, ISBN: 978-01-9-882504-3
Pelton J, Brown M, Reddaway W, et al., 2017, Crossrail project: the evolution of an innovation ecosystem, Proceedings of the Institution of Civil Engineers - Civil Engineering, Vol: 170, Pages: 181-190, ISSN: 0965-089X
The £14·8 billion Crossrail project to deliver the Elizabeth line east–west railway across London has pioneered the development of a systematic programme approach to innovation. Previous papers have focused on the early stages of setting up Crossrail’s innovation programme – known as Innovate18 – and implementing it as a credible component of the delivery organisation. With the Elizabeth line now close to completion there is an opportunity to reflect on the project’s experience of innovation and the performance of its programme as it reaches maturity. This paper describes the maturing programme, lessons that have been learned and how the programme has migrated into an infrastructure industry platform.
Gann DM, Davies A, Dodgson M, 2017, Innovation and Flexibility in Megaprojects, Publisher: Oxford University Press
<p>This chapter examines how organizations responsible for three UK megaprojects—Heathrow Terminal 5, London 2012 Olympics, and Crossrail—have made significant efforts to create a more innovative and flexible delivery model. This new approach recognizes that over the life of a megaproject, new and unexpected options for delivering it will emerge, including opportunities to take advantage of innovative new practices, processes, and efficiencies made possible by new technology. Drawing upon strategy literature and empirical research conducted between 2005 and 2015, five dynamic capabilities or strategic processes are identified associated with a new innovative and flexible project delivery model—search, adaptive problem solving, test and trial, strategic innovation, and balancing—to help managers address the risks and opportunities involved in megaproject management.</p>
Davies A, Dodgson M, Gann DM, et al., 2017, Five Rules for Managing Large, Complex Projects, Mit Sloan Management Review, Vol: 59, Pages: 73-78, ISSN: 1532-9194
Gann D, Dodgson M, Davies A, 2017, Innovation and flexibility in megaprojects: a new delivery model, The Oxford Handbook of Megaproject Management, Editors: Flyvbjerg, Publisher: Oxford University Press, ISBN: 9780198732242
Thomas LDW, Vernet A, Gann D, 2016, Adoption readiness in service innovation: The case of digital money, Industry and Innovation, Vol: 23, Pages: 353-381, ISSN: 1469-8390
One challenge for firms seeking to develop new services is to understand the conditions likelyto affect rates of adoption. Understanding relative degrees of “adoption readiness” providesinnovators with information to choose market segments and indicates opportunities to influenceadoption environments. This paper considers these issues through the case of digital money, a serviceinnovation some claim to have the potential to provide major economic and social benefits. However,there is little research into the adoption readiness of countries upon which firms can base their newservice development decisions. Defined as “currency exchange by electronic means”, weconceptualize digital money as a socio-technical system, and propose a Digital Money ReadinessIndex. This composite index integrates institutional, financial, technological, economic, industrial andsocial attributes to measure adoption readiness. We identify four stages of readiness andsystematically analyze the factors that drive under or over adoption of digital money technologies.
Davies A, Dodgson M, Gann D, 2016, Dynamic Capabilities in Complex Projects: The Case of London HeathrowTerminal 5, Project Management Journal, Vol: 47, Pages: 26-46, ISSN: 8756-9728
Dahlander L, O'Mahony S, Gann DM, 2016, One foot in, one foot out: how does individuals' external search breadth affect innovation outcomes?, Strategic Management Journal, Vol: 37, Pages: 280-302, ISSN: 0143-2095
The “variance hypothesis” predicts that external search breadth leads to innovation outcomes, but people have limited attention for search and cultivating breadth consumes attention. How does individuals' search breadth affect innovation outcomes? How does individuals' allocation of attention affect the efficacy of search breadth? We matched survey data with complete patent records, to examine the search behaviors of elite boundary spanners at IBM. Surprisingly, individuals who allocated attention to people inside the firm were more innovative. Individuals with high external search breadth were more innovative only when they allocated more attention to those sources. Our research identifies limits to the “variance hypothesis” and reveals two successful approaches to innovation search: “cosmopolitans” who cultivate and attend to external people and “locals” who draw upon internal people.
Guo L, Zhang MY, Dodgson M, et al., 2016, Windows of opportunity, technological innovation, and globalization: A framework of huawei's global catch-up, Pages: 721-726
DeBarro T, MacAulay S, Davies A, et al., 2015, Mantra to method: lessons from managing innovation on Crossrail, UK, Proceedings of the Institution of Civil Engineers - Civil Engineering, Vol: 168, Pages: 171-178, ISSN: 0965-089X
Dodgson M, Gann D, MacAulay S, et al., 2015, Innovation strategy in new transportation systems: The case of Crossrail, Transportation Research Part A: Policy and Practice, Vol: 77, Pages: 261-275, ISSN: 0965-8564
This article examines how innovation can be strategically incorporated into transportation systems. Large transportation systems generally have a poor record in systematically integrating innovation in their development, construction and operation. Our research setting is Crossrail, a major new railway traversing London, where the creation and implementation of an innovation strategy formalized and systemized its approach to innovation. Based on in-depth, semi-structured interviews with project leaders and participant observation, the paper critically analyses the formulation, implementation and performance of Crossrail’s innovation strategy. Crossrail’s management explicitly uses an ‘open innovation’ strategy that incentivizes partners, contractors, and clients to innovate in the project. Its strategy guides decisions and priorities on innovation and the types and levels of innovation that best match project aims. The paper holds lessons for those developing, operating and studying large transportation systems both now and into the future.
Maier S, Polak J, Gann D, 2015, Appraising a Portfolio of Interdependent Physical and Digital Urban Infrastructure Investments: A Real Options Approach, 19th Annual International Real Options Conference
Dave S, Shirvaikar A, Baxter G, 2015, Digital Money: A Pathway to an Experience Economy, Digital Money: A Pathway to an Experience Economy, New York, Publisher: Citigroup
Digitizing money flows can boost economies in a significant way, with measurable benefits for businesses, governments and consumers. But how and when should industry invest and why is this journey worth taking?
Pawlak J, Polak J, Sivakumar A, et al., 2015, Investigating Diffusion of Relationships between ICT and Travel Behaviour by Pooling Independent Cross-sectional Data across Time, 94th Annual Meeting of Transportation Research Board
ter Wal ALJ, Corbishley C, Dodgson M, et al., 2015, Assessing the performance of cluster ecosystems: An exploratory framework, Academy of Management Proceedings, Vol: 2015, Pages: 12099-12099, ISSN: 0065-0668
Thomas LDW, Autio E, Gann DM, 2014, Architectural leverage: putting platforms in context, The Academy of Management Perspectives, Vol: 28, Pages: 198-219, ISSN: 1079-5545
The use of the term platform has proliferated in management research. However, theoretical work on the concept has lagged behind. We present a systematic review of the platform literature, identifying four distinct streams: organizational platforms, product family platforms, market intermediary platforms, and platform ecosystems. Each of these streams is characterized by a distinctive, although usually implied, theoretical logic. We elaborate on the theoretical logics of leverage and architectural openness, both of which underpin all four streams of platform research. We further discuss three distinctive leverage rationales exhibited in different platform variants—production, innovation, and transaction—and illustrate how platform ecosystems combine aspects of all three. We explain the meta-logic of architectural leverage to facilitate the purposive manipulation of platforms, providing a link between platform design features and sources of leverage. This provides a model that allows the different platform types to be placed into context with others. Finally, we outline how the concept of architectural leverage can be used to understand platform evolution.
Gann DM, Philpott M, Baldwin RKB, et al., 2014, The Innovation Studies Centre: Impact Report 2003-2013, The Innovation Studies Centre: Impact Report 2003-2013, London, Publisher: Imperial College London
EPSRC's two investments at Imperial College London,to the Built Environment Research Centre in 2003 and its successor the Innovation Studies Centre in 2008 have led to financial success for major enterprises and game-changing impacts on national and international policy, enhancing the UK's reputation for innovation excellence and entrepreneurial leadership.
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