Bocconi University is a private university in Milan, Italy. Bocconi provides undergraduate, graduate and post-graduate education, in addition to a range of double degree programs, in the fields of economics, management, finance, law and public administration.The university is considered to be among the top 10 best business schools in Europe according to the 2013 Financial Time's European Business School Rankings. It is also among the top 25 best institutions in the world in the fields of Economics, Econometrics, Accounting and Finance in the latest QS World University Rankings. Furthermore, it ranked 25th worldwide in the 2014 QS 'Social science and Management' Faculty Rankings. Degrees are offered both in English and Italian.SDA Bocconi, the university's business school, offers MBA and Executive MBA programs. Its MBA program was ranked 26th in the Financial Times ' Global MBA Rankings 2015. SDA Bocconi was also ranked 16th by Businessweek's Top Global Schools for its MBA and 7th among European business schools. Bocconi complements its research through several dedicated research centers. Wikipedia.
Troilo G.,Bocconi University
Journal of Product Innovation Management | Year: 2014
This study investigates the nonobvious interrelationship between slack resources and radical innovation. While organizational slack and innovation literature has implicitly recognized a link between these constructs, at least two important aspects of their relationship have been overlooked. First, little attention has been paid to the mechanisms by which slack resources become beneficial for radical innovation. Drawing on information search and organizational learning theories, we propose distal search activity - searching for information outside the current knowledge domain of the firm - as a mediating variable between slack resources and radical innovation. Second, little consideration has been given to the strategic orientation of the firm as the context in which slack resources are deployed to enhance radical innovation. Adopting Miles and Snow's typology of strategic archetypes, we propose a moderating role of strategy in the slack resources-distal search-radical innovation chain of relations. We tested our hypotheses on a sample of Chinese high-technology firms, using multiple informant survey data and regression analysis. Our results indicate that slack resources are positively related to radical innovation, and that this relationship is partially mediated by distal search. Thus, there appear to be two routes (one direct, one indirect) to transform slack resources into radical innovation. Further, moderation analysis shows that the effect of slack resources on distal search is strongest among analyzers, while the effect of distal search on radical innovation is strongest among defenders. In sum, our results suggest that analyzers are relatively more dependent on the amount of slack resources compared to other strategy types, that is, resource constraints would have a more negative effect on analyzers. We discuss theoretical and managerial implications of our study and conclude by suggesting future research opportunities. © 2013 Product Development & Management Association.
Favero C.,Bocconi University |
Missale A.,University of Milan
Economic Policy | Year: 2012
In this paper, we provide new evidence on the determinants of sovereign yield spreads and 'market sentiment' effects in the eurozone in order to evaluate the rationale for a common Eurobond jointly guaranteed by eurozone Member States. We find that default risk is the main driver of yield spreads, suggesting small gains from greater liquidity. Fiscal fundamentals matter in the pricing of default risk but only as they interact with other countries' yield spreads; that is, with the global risk that the market perceives. More importantly, the impact of this global risk variable is not constant over time, a clear sign of contagion driven by shifts in market sentiment. This evidence points to a discontinuity in the disciplinary role of financial markets. If markets can stay irrational longer than a country can stay solvent, then the role of yield spreads on national bonds as a fiscal discipline device is considerably weakened, and issuing Eurobonds can be economically justified. © CEPR, CES, MSH, 2012.
Pagani M.,Bocconi University
MIS Quarterly: Management Information Systems | Year: 2013
Within changing value networks, the profits and competitive advantages of participation reside dynamically at control points that are the positions of greatest value and/or power. The enterprises that hold these positions have a great deal of control over how the network operates, how the benefits are redistributed, and how this influences the execution of a digital business strategy. This article is based on a field study that provides preliminary, yet promising, empirical evidence that sheds light on the dynamic cycle of value creation and value capture points in digitally enabled networks in response to triggers related to technology and business strategy. The context used is that of the European and U.S. broadcasting industry. Specifically, the paper illustrates how incremental innovations may shift value networks from static, vertically integrated networks to more loosely coupled networks, and how cross-boundary industry disruptions may then, in turn, shift those to two-sided markets. Based on the analysis, insights and implications for digital business strategy research and practice are then provided.
Poetz M.K.,Copenhagen Business School |
Schreier M.,Bocconi University
Journal of Product Innovation Management | Year: 2012
Generating ideas for new products used to be the exclusive domain of marketers, engineers, and/or designers. Users have only recently been recognized as an alternative source of new product ideas. Whereas some have attributed great potential to outsourcing idea generation to the "crowd" of users ("crowdsourcing"), others have clearly been more skeptical. The authors join this debate by presenting a real-world comparison of ideas actually generated by a firm's professionals with those generated by users in the course of an idea generation contest. Both professionals and users provided ideas to solve an effective and relevant problem in the consumer goods market for baby products. Executives from the underlying company evaluated all ideas (blind to their source) in terms of key quality dimensions including novelty, customer benefit, and feasibility. The study reveals that the crowdsourcing process generated user ideas that score significantly higher in terms of novelty and customer benefit, and somewhat lower in terms of feasibility. However, the average values for feasibility-in sharp contrast to novelty and customer benefit-tended to be relatively high overall, meaning that feasibility did not constitute a narrow bottleneck in this study. Even more interestingly, it is found that user ideas are placed more frequently than expected among the very best in terms of novelty and customer benefit. These findings, which are quite counterintuitive from the perspective of classic new product development (NPD) literature, suggest that, at least under certain conditions, crowdsourcing might constitute a promising method to gather user ideas that can complement those of a firm's professionals at the idea generation stage in NPD. © 2012 Product Development & Management Association.
Agency: Cordis | Branch: H2020 | Program: ERC-COG | Phase: ERC-CoG-2014 | Award Amount: 1.43M | Year: 2015
This proposal purports to develop psychologically founded models of economic decision making, test these models, and use them to shed light on several economic phenomena. The proposal builds on the psychology of selective attention. In particular, decision makers more easily retrieve from memory (precisely defined) representative events when making an inference, and they attach disproportionate attention and weighting to (precisely defined) salient choice options when making a choice. These ideas were modelled by the PI and his coauthors in previous work. The present grant proposal develops this research agenda in three stages. First, we plan to extend this approach to new theoretical problems such as the social psychology of stereotypes and the theory of consideration sets. Second, we plan to develop experimental tests dissecting the basic forces driving selective attention and decisions. Third, we plan to apply the theory to shed light on the following economic phenomena: a) investors risk perceptions in financial markets and asset price behavior, b) salient policy issues, voting behavior and political competition, c) consumer attention, product design and competition among firms, and d) discrimination in the labor market.