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Allocation of inventive effort in complex product systems
This paper examines the allocation of inventive effort in complex product systems. Complex product systems, e.g., personal computers (PCs), are distinguished by functional interaction among several components, each guided by a relatively autonomous bundle of technical and economic characteristics. The author advances and empirically tests three hypotheses: 1. Emergence of component constraints (bottlenecks) in product systems will trigger research and development (R&D) investment to resolve the constraints. 2. Slack component firms have a strong incentive to invest in resolving component constraints. 3. The incentive of slack component firms to invest in resolving component constraints is increasing in their prior sunk R&D investments in slack components. The empirical results strongly support all three hypotheses. This study highlights the paradoxical effect of modularity in complex product systems. Modular design architectures, while contributing to accelerating the pace of technical change, also tend to limit the economic benefits of firms' component R&D efforts, especially when different components technologies are progressing at different rates.Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | : John Wiley & Sons |
|---|---|
| Edisi | - |
| Subjek | Innovations Research & development R&D Allocations studies modularity Complex systems |
| ISBN/ISSN | 1432095 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |