Innovation and competitive advantage - klingebiel and joseph 2016
25 important questions on Innovation and competitive advantage - klingebiel and joseph 2016
What was the focus of the study by Klingebiel and Joseph (2016) regarding entry timing and innovation strategy in feature phones?
- Early movers target greater, uncertain revenue with broader innovation portfolios.
- Late movers seek more certain revenue with selective portfolios.
- Timing-strategy alignment impacts performance, not timing alone.
How do early and late movers differ in their investment strategies according to the study?
- Aim: Larger, uncertain returns.
- Portfolio: Broader, less selective.
- Aim: Smaller, certain returns.
- Portfolio: Narrower, more selective.
What findings did the authors reveal about the timing and feature breadth in their study?
- Early movers launch more features (0.1% significant) than late movers.
- This broad approach helps mitigate risks inherent in uncertainty.
- Late movers prefer refining a few features to ensure effectiveness.
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
For my 1st exam, I got a C. Then, I started looking for ways to learn better, and I came across Study Smart. Since then, I have scored an A+, A, A-, and another A. I highly recommend it to everyone who wants to hear it. I am so happy with it!!
I was struggling to finish all my first-year subjects for three years. Then I discovered Study Smart, which helped me to complete all of them within three months.
Because of StudySmart, things are going well in many ways. Before, I always had study stress and no time for anything. Now I feel calm and confident (because of the program). I used to score a B, and now I usually score an A or A+.
Hey Chris, I really want to thank you very much for developing the platform, I usually got around C for my exams, now I scored an A+, an A and a A- !!
Since using Study Smart, my average has increased significantly. I even completed a statistics course with an A+ while I'm bad at statistics. I took on extra classes this year because of Study Smart. Thanks so much!
Ever since I started studying with StudySmart, I have passed all my exams! No more re-sits! At first, I was happy with a pass, and now I only get good grades. Many thanks!
I aced all the courses I studied with Study Smart. For law, I first scored a D, and now an A! I’m 100% sure that I’ll pass all the courses I study with Study Smart.
I always thought I studied well. My grades were fine. I could never have imagined that applying these study skills would have such a huge and direct impact on each stage, my speed, and the pleasure I have in learning.
For the first time, I finally feel confident about the way I learn. I have the perfect overview and have made significant progress in terms of speed and the grades I get. Thanks, Chris!
I immediately started to enjoy learning again, and my grades soared. All of a sudden, everything went better. I highly recommend Study Smart to all students..
Being able to create my materials online made the process of studying so much smoother and quicker. I no longer have to spend a considerable amount of my time developing my summaries.
At first, my notes were a mess. Now I use Study Smart to take my notes in a perfectly structured way. It helps me to save a lot of time and do other things I enjoy.
Students that study with Study Smart get better grades. The system applies all the learning methods so that both well-performing students and students who struggle perform much better.
Hi Chris, I would like to thank you very much. Last year I scored C on a course, and this year I got an A+ thanks to your method! Thank you very much!
The most considerable effect is that my child is more enthusiastic about school! Every parent wants their children to be happy at school. Study Smart made it happen.
In high school, I failed several exams, and that has really changed now. I actually needed this tool very much back then. Since I started studying with StudySmart, I haven't had any Ds. My average score is now an A, and those are results I would have never had in the past.
With my old method, I passed only 3 out of 8 courses. However, since I started taking my notes digitally in Study Smart, I have passed all my lessons on the first try. For me, StudySmart takes away the stress of wondering if I will give or not.
Thanks to StudySmart, I passed all my exams and with better grades than before! On top of that, I have mastered a perfect study method now, which I am confident will help me earn my degree.
How does the timing of a firm's entry correlate with its innovation portfolio selectiveness?
- Select Features: Based on learning and data analysis.
- Aim: Avoid mistakes and ensure success with fewer but more effective features.
What do the quantitative results indicate about the relationship between entry timing and performance?
- Entry timing doesn’t directly predict short-term performance.
- Early movers perform better with broader portfolios.
- Late movers’ performance is less correlated with portfolio breadth, suggesting a preference for selectiveness.
What propositions were presented regarding strategic fit and performance in the conclusion of the study?
- Proposition 1: Strategic fit between timing and breadth/selectiveness optimizes performance.
- - 1a: Early movers benefit more from breadth.
- - 1b: Late movers benefit more from selectiveness.
What does the study by Klingebiel and Joseph (2016) focus on?
- Influence of portfolio-level timing preferences
- Effects on innovation strategies
- Differences in early and late movers
How do early movers differ from late movers in their innovation strategy?
- Larger, uncertain revenue opportunities
- Broader, less selective innovation portfolios
What is the significance of timing-strategy alignment according to the study?
- It determines high performance outcomes
- Affects innovation portfolio success
- Provides context for understanding timing and performance relationships.
What insights does the study provide for future research?
- Equifinal configurations proposed
- Relationship between timing and performance
- Broader/nonselective for early movers and narrow/selective for late movers.
What does the main contribution of the study focus on?
- Explaining systematic strategic differences among firms with different entry timing
- Highlighting the relationship between timing and innovation strategy for high performance.
What is the relationship between entry timing and performance according to the study?
- A strategic fit between timing and portfolio aspects is crucial.
- Early movers benefit from breadth, while late movers benefit from selectiveness.
What approach did the authors use in their research?
- Qualitative methods (interviews)
- Quantitative methods (secondary data)
In terms of investment strategy, how do early movers act?
- Big wins despite frequent failures
- A wide set of features
- Less selective pressure in their development portfolio.
What strategy do late movers typically engage in regarding features?
- Refining fewer features
- Ensuring precision and effectiveness
- Learning from market uncertainties to make selective feature choices.
How does the broader portfolio of early movers compare to that of late movers?
- A significantly broader portfolio of features
- Launching more features than late movers, even when size is equal.
What role does market feedback play for late movers?
- Make more informed decisions
- Reduce risks when selecting features
- Enhance their selectiveness and overall effectiveness.
What is the baseline proposition of the study?
- Firms with varying entry-timing positions follow different investment strategies
- Early movers seek larger, uncertain returns while late movers aim for smaller, certain returns.
How does the study link timing and selectiveness to performance?
- Performance improves with strategic alignment between timing and selectiveness
- Early movers benefit from breadth, while late movers gain from selectiveness in their portfolios.
What do firm managers consider when making timing decisions?
- Scale and likelihood of commercial success
- Risks of competitive pre-emption
- Internal capabilities and market opportunities when setting timing strategies.
What is the significance of a broader feature portfolio for early movers?
- Mitigate risks associated with uncertainty
- Aim for temporary blockbusters to compensate for the higher failure rate.
How do late movers ensure better feature selection?
- Selective learning from market dynamics
- Analyzing competitor products and customer feedback
- Discriminating which features to pursue to minimize failures.
What are the implications of the study's findings on broader theories of entry timing?
- A need for a contingency view of entry timing’s performance advantages
- Understanding variations in firms' approaches to innovation and pre-emption decisions.
How do early movers and late movers differ in market capture?
- Higher average premiums but increased failures.
Late movers typically experience:
- More stable returns with better-controlled failures.
What factors influence firms' decisions on entry timing in the mobile handset industry?
- Firm's capability proximity to new product markets.
- Nature of product offerings typical for the firm.
- Investment uncertainty and competitive pre-emption.
- Managers' own deliberate choices on beneficial timing.
- The overall strategic alignment of innovation approaches.
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
