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Managing quality and network effects in the high-tech market : the case of research and development tools in life science industry
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Hu, Yansong and McLoughlin, Damien (2012) Managing quality and network effects in the high-tech market : the case of research and development tools in life science industry. International Journal of Innovation Management, Vol.16 (No.2). p. 1250009. doi:10.1142/S1363919611003416 ISSN 1363-9196.
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Official URL: http://dx.doi.org/10.1142/S1363919611003416
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. © Imperial College Press.
Item Type: | Journal Article | ||||
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Divisions: | Faculty of Social Sciences > Warwick Business School > Marketing & Strategic Management Faculty of Social Sciences > Warwick Business School |
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Journal or Publication Title: | International Journal of Innovation Management | ||||
Publisher: | Imperial College Press | ||||
ISSN: | 1363-9196 | ||||
Official Date: | April 2012 | ||||
Dates: |
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Volume: | Vol.16 | ||||
Number: | No.2 | ||||
Page Range: | p. 1250009 | ||||
DOI: | 10.1142/S1363919611003416 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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