reading questions #1

reading questions #1 - productive vs. unproductive (or even...

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Reading Questions Innovation and Integrated Strategy PSC 244K/W—Politics and Markets: Innovation and the Global Business Environment Professor Primo Fall 2010 Due in class Thursday, September 16, 2010 Directions: Please answer all of the following questions. Questions 4 and 5 ask you to go beyond the readings and think about the special challenges faced by innovative firms. Note that questions 1 and 2 refer to the Baumol reading that was covered during Sept. 14’s class. 1. According to Baumol, why is Schumpeter’s five-part categorization of innovation incomplete? What categories of activities does Baumol believe are left out? 2. According to Baumol, how does the set of rules in a society affect the prevalence of
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Unformatted text preview: productive vs. unproductive (or even destructive) entrepreneurship in that locale? 3. What is a market strategy? What is a nonmarket strategy? What is an integrated strategy? 4. Baron argues that it is important for all firms to have integrated strategies rather than simply market strategies. Why do you think an integrated strategy is especially important for an innovative firm? 5. Company X develops a new product that is not covered by existing government regulations. Even though it is not regulated, why should the company still be sure to be well-positioned in legal and political space?...
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