Found 4 article(s) for author 'Gary Pisano'

Long-Term Firm Growth: An Empirical Analysis of US Manufacturers 1959-2015

Long-Term Firm Growth: An Empirical Analysis of US Manufacturers 1959-2015. Gary Pisano, May 16, 2019, Paper, “Firm growth is an essential feature of market economies, shaping together macroeconomic performance and the evolution of industry structures. As a potential indicator of organizational “fitness” within a competitive environment, firm growth is also a central concern to both the practice and theory of business strategy. Despite both its theoretical and practical importance, though, growth remains a poorly understood property of firms. While previous studies have documented the highly skewed nature of firm growth rates, we know far less about the persistence of growth rates over long-periods of time. For instance, do “fast growers” tend to maintain their relative growth rates advantages over long-periods or is superior growth a transitory phenomenon? Is, as predicted by evolutionary and capability based theories of the firm, the process of firm growth path-dependent or is it more akin to a random walk? The answers to these questions are central to building a robust theory of firm growth.Link

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Innovation, competition and sectoral evolution: an introduction to the special section on Industrial Dynamics

Innovation, competition and sectoral evolution: an introduction to the special section on Industrial Dynamics. Gary Pisano, March 29, 2019, Paper, “This paper is the introduction to the ICC special section on Industrial Dynamics. Industrial dynamics has a venerable heritage in economics and after a long dormant period, it has witnessed a major resurgence beginning in the early 1980s. The current Special Section takes stock of the progress along this new and rich intellectual journey. This Introduction does not aim to present a review of the accomplishments reached in the last period. Rather, it reflects on the broad themes characterizing our progress in understanding industry evolution and industrial dynamics.Link

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How Big Companies Can Innovate Like Small Startups

How Big Companies Can Innovate Like Small Startups. Gary Pisano, January 30, 2019, Audio, “Gary Pisano, professor of business administration at Harvard, rejects the narrative that only scrappy startups are nimble enough to innovate. He believes large, established firms can adapt and evolve, but they have to go about it differently than their small-sized competitors.Link

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Knowledge integrators and the survival of manufacturing clusters

Knowledge integrators and the survival of manufacturing clusters. Gary Pisano, June 26, 2018, Paper, “Over the past two decades, the greater prevalence of global supply chains has had contrasting effects on Western manufacturing clusters. While some of them dwindled, others proved resilient. Contributing to the recent literature on co-located clusters and clusters’ linkages, we focus on the impact of lead firms’ strategies on the competitiveness of a pair of ‘twin’ clusters located in Northeast Italy. Our findings suggest that production remains ‘sticky’ when leading firms pursue ‘process-embedded’ innovation by integrating global market and local technical knowledge. We refer to this type of firm as a Knowledge Integrator and discuss how its strategy supports the competitiveness of localized suppliers.Link

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