Contents -- Chapter 1 Innovation: An Overview Anjan Thakor -- 1. Introduction -- Operations and Marketing -- Finance and Economics -- 3. Innovation Insights from a Managerial Perspective -- 4. Conclusion -- Part A: The Academic Research on Innovation -- Chapter 2 Innovation: A Review of Research in Organizational Behavior Keith Sawyer and Stuart Bunderson -- 1. Composition -- Group Diversity -- Group Turnover -- 2. Process -- Factors that Make Brainstorming More or Less Effective -- Motivation losses -- Co-ordination losses -- Fixing Brainstorming -- Trained facilitator -- Electronic brainstorming -- Use groups to select ideas -- Hidden Profiles -- 3. Norms -- Psychological Safety -- Power Asymmetry -- 4. Organizational Context -- Teams and Creativity -- Centrality -- 5. Putting the Framework into Practice -- 6. Conclusion -- References -- Chapter 3 Managing Innovation Processes and New Product Development Projects: Operations and Marketing Research Perspectives Panos Kouvelis and Betul Lus -- 1. Introduction -- 2. Platform-Based Product Development -- 3. Disruptive Innovation -- 4. Portfolio Management and Resource Allocation -- 5. Incentives -- 6. Putting the Framework into Practice -- 7. Conclusion -- References -- Chapter 4 Innovation and Finance: A Survey Anjan V. Thakor -- 1. Introduction -- 2. Innovation and Shareholder Value: The Valuation Perspective -- Does Innovation Create Shareholder Value? -- Why Do Firms Do Basic Research? -- How Do Companies Set Hurdle Rates for Innovative Projects? -- How Do Innovative Firms Get Financed? -- 3. Financial Innovation -- How Do We Define Financial Innovation? -- Why Have We Observed So Much Financial Innovation? -- Who are the Innovators and What are Their Incentives? -- What are the Social Benefi ts of Innovation? -- 4. Summary of Key Insights -- 5. Conclusion -- References.

Part B: Innovation Perspectives for Managers -- Chapter 5 Creating a Climate for Business Innovation: Guidelines for Leaders Lee J. Konczak and Signe Spencer -- 1. Introduction -- Apple -- FedEx -- Southwest Airlines -- 2. Innovation for Growth -- 3. Innovation Defined -- What Type of Innovation is Needed? -- 4. Understanding the Innovation-Organizational Climate Linkage -- 5. Dimensions of Organizational Climate -- 6. Summary of Organizational Climate -- 7. Putting the Framework into Practice -- Step 1: Determine the Type of Innovation You Want to Achieve -- Step 2: Identify the Climate Dimensions that May Be Blocking Your Employees' Innovations -- Step 3: Create a Change Plan -- 8. Conclusion -- References -- Chapter 6 Unblocking Innovation: Breaking the Shackle of Assumptions Samuel Chun and Anjan V. Thakor -- 1. Introduction -- 2. More on the "Unblocking" Approach -- 3. The Case of Airplanes -- Introduction -- Background -- Brief Historical Sections -- Kites -- Balloons -- Fixed wing aircraft -- Assumptions -- 4. The Apple iPod -- Introduction -- Some Background: What is an iPod? -- The Portable Music Player Industry -- Apple Computer and Music: What Key Assumption was Abandoned? -- 5. Putting the Framework into Practice -- 6. Conclusion -- Chapter 7 Contracting for Innovation Nick Argyres -- 1. Introduction -- 2. Contracting Hazards -- 3. Contract Design -- 4. Relational Governance -- 5. Tournaments -- 6. Putting the Framework into Practice -- 7. Conclusion -- References -- Chapter 8 R&D Mythbusters Anne Marie Knott -- Myth 1: Asset Mass Efficiency -- Myth 2: Absorptive Capacity -- Myth 3: Spillovers/Imitation Inhibits Innovation -- Myth 4: Concentrated Industries are Optimal for Innovation -- Myth 5: Technological Opportunity Becomes Exhausted -- Myth 6: As Industries Age, It is Easier to Exploit Spillovers.

Myth 7: Smart Managers Get Blindsided by New Technology -- Myth 8: Spillovers are Like Air - Everyone Benefits Equally -- Conclusion -- References -- Index -- 2. The Academic Research on Innovation -- Organizational Behavior.