How Investors Constrain Digital Innovation

Bharadwaj, A and Mani, D and Nandkumar, A (2018) How Investors Constrain Digital Innovation. Working Paper. HBR Digital. (Unpublished)

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Abstract

Businesses understand the power of digital innovations to reshape industries and markets. Yet, time and again, they have struggled to innovate with new and disruptive technologies. Research by Clayton Christensen and others demonstrate that an incumbent’s failure has little to do with the newness or complexity of the technology. Rather, it is often their acute focus on the needs of the most important customers that place stringent limits on changes that they can and cannot pursue. Our research implicates another important stakeholder, the firm’s investors, who may keep businesses tethered to existing technologies. In theory, investor incentives align with what is good for the firm. In practice, we find important differences.

Affiliation: Indian School of Business
ISB Creators:
ISB CreatorsORCiD
Mani, Dhttp://orcid.org/0000-0002-2458-6961
Nandkumar, AUNSPECIFIED
Item Type: Monograph (Working Paper)
Uncontrolled Keywords: Digital innovation, Financial markets, Role of investors
Subjects: Business Innovation
Information Systems
Depositing User: Ilayaraja M
Date Deposited: 20 Jun 2019 16:38
Last Modified: 20 Jun 2019 16:38
URI: http://eprints.exchange.isb.edu/id/eprint/1133
Publisher URL: https://ssrn.com/abstract=3241479
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