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- Title
MANAGING QUALITY AND NETWORK EFFECTS IN THE HIGH-TECH MARKET:: THE CASE OF RESEARCH AND DEVELOPMENT TOOLS IN LIFE SCIENCE INDUSTRY.
- Authors
HU, YANSONG; McLOUGHLIN, DAMIEN
- Abstract
We seek to extend current theory on research and development (R&D) tools and create new insights by adopting a multi-disciplinary approach and drawing from literatures on quality and network effects in the high-tech market. More specifically, we use a unified framework on quality and network effects, and examine two forms of quality effects (third party quality reviews and company-advertised quality) and two types of network effects (network externalities effect and social network effect) in driving the popularity and success of R&D tools. By tracking two categories of R&D tools in the life science industry for a decade, our research provides a sharper understanding of R&D tools and therefore can help R&D tool producers to accelerate the market acceptance of their new tools, which should promote faster innovation and ultimately benefit the whole R&D community.
- Subjects
QUALITY control; SOCIAL networks; RESEARCH &; development; MULTIDISCIPLINARY practices; INDUSTRIAL engineering; BUSINESS enterprises
- Publication
International Journal of Innovation Management, 2012, Vol 16, Issue 2, p1250009-1
- ISSN
1363-9196
- Publication type
Article
- DOI
10.1142/S1363919611003416