David and Goliath: causes and effects of coopetition between start-ups and corporates

Coopetition (collaboration between competitors) among young firms (i.e. start-ups) and larger, more established firms (i.e. corporates) may be beneficial for both partners as each party typically has something to offer that is missing in the other. Start-ups often develop innovative ideas, are flexible and agile, willing to take risks, and aspire to achieve high growth, but they tend to lack the required resources, capabilities, and knowledge due to their newness and smallness. Corporates have resources, routines, and experience that enable them to work efficiently but lack a certain innovation capability. Research has suggested that coopetition represents an opportunity for start-ups facing restrictions in resources, while corporates benefit from start-ups’ innovative ideas. However, it is yet unknown whether start-ups and corporates engage in coopetition with each other and, if so, how and why they do this. This study seeks to fill this void by exploring the motives of coopeting start-ups and corporates, how they manage their coopetitive relationship, and what implications occur including potential benefits and risks. We present a multiple case study based on qualitative data collected through 70 interviews with Austrian-based start-ups and corporates representing 35 coopetitive partnerships. Discussing the findings based on our data, we propose relationships concerning coopetition and its role to enlarge resource- and technology-bases as well as its role in the development of dynamic capabilities.     

Portfolio Analysis of Layered Security Measures

Layered defenses are necessary for protecting the public from terrorist attacks. Designing a system of such defensive measures requires consideration of the interaction of these countermeasures. In this article, we present an analysis of a layered security system within the lower Manhattan area. It shows how portfolios of security measures can be evaluated through portfolio decision analysis. Consideration is given to the total benefits and costs of the system. Portfolio diagrams are created that help communicate alternatives among stakeholders who have differing views on the tradeoffs between security and economic activity.     

A Note on the Aggregation of Event Probabilities

In this article, multiple forecasts given as probabilities of events are aggregated using two assumptions: calibration and conditional independence. The forecasts are treated as data and the aggregation is based on Bayes's theorem. A measure of discrimination is given and the behavior of the aggregated posterior probability is examined as the number of forecasters grows without bound. The work is motivated by recent research efforts employing large numbers of individual forecasts.     

Entrepreneurial Firms and Downstream Alliance Partnerships: Impact of Portfolio Depth and Scope on Technology Innovation and Commercialization Success

To achieve technology innovation and commercialization (TIC) success under complex, protracted, and uncertain product development cycles, entrepreneurial firms engage in downstream alliance partnerships with mainstream industry players. In this study, we examine two specific characteristics of the entrepreneurial firm's downstream alliance portfolio (depth and scope) and their impact on TIC success. Employing a sample of 728 biotech firms and their partnerships with pharmaceutical companies, we find that while portfolio depth and scope separately have positive impact on success, the relationship between portfolio scope and success is additionally moderated by portfolio depth. Further, insights from post hoc interviews also suggest that though it is challenging for entrepreneurial firms to incorporate both depth and scope in alliance partnerships, those that optimally combine both can achieve higher TIC success.     

On the Solution Approach for Bayesian Modeling of Initiating Event Frequencies and Failure Rates

There is a need for plant-specific distributions of incidence and failure rates rather than distributions from pooled data which are based on the "common incidence rate" assumption. The so-called superpopulation model satisfies this need through a practically appealing approach that accounts for the variability over the population of plants. Unfortunately, the chosen order in which the integrals with respect to the individual plant rates λ_i, ( i = 0, 1…, m ) and the parameters a , β of the Γ-population distribution are solved seems to drive the solution close to the common incidence rate distribution. It is shown that the solution obtained from interchanging the order and solving the integrals with respect to the individual plant rates by Monte Carlo simulation very quickly provides the plant specific distribution. This differing solution behaviour may be due to the lack of uniform convergence over (α, β, λ_I, ( i = 1,…, m ))-space. Examples illustrate the difference that may be observed.     

Rule-Governed Behavior: Teaching a Preliminary Repertoire of Rule-Following to Children With Autism

Rule-governed behavior is generally considered an integral component of complex verbal repertoires but has rarely been the subject of empirical research. In particular, little or no previous research has attempted to establish rule-governed behavior in individuals who do not already display the repertoire. This study consists of two experiments that evaluated multiple exemplar training procedures for teaching a simple component skill, which may be necessary for developing a repertoire of rule-governed behavior. In both experiments, children with autism were taught to respond to simple rules that specified antecedents and the behaviors that should occur in their presence. In the first study, participants were taught to respond to rules containing "if/then" statements, where the antecedent was specified before the behavior. The second experiment was a replication and extension of the first. It involved a variation on the manner in which rules were presented. Both experiments eventually demonstrated generalization to novel rules for all participants; however variations to the standard procedure were required for several participants. Results suggest that rule-following can be analyzed and taught as generalized operant behavior and implications for future research are discussed.     

Bayesian Modeling of Initiating Event Frequencies at Nuclear Power Plants1

Probabilistic risk assessments (PRAs) of nuclear power plants proceed by modeling potential accident sequences at the plant of interest. These hypothesized accident sequences begin with initiating events. A very important initiating event phenomenon is the loss of off-site power (LOSP). This is the interruption of the preferred power supply to the essential and nonessential switchgear buses resulting in the use of emergency power supplies. If off-site power is not restored in a reasonable period of time, emergency backup sources of AC and DC power may subsequently fail, resulting in a possible core meltdown. Industry data show 63 LOSP incidents in the operating history of nuclear plants in the United States. Two Bayesian models for the frequency of incidents of LOSP are presented. One model assumes that all nuclear power generating stations share a common incidence rate for LOSP, and a posterior distribution is found for the mean incidence rate for all plants. The second model assumes that the incidence rates for individual plants belong to a superpopulation of incidence rates. Under this model the incidence rate for each plant is unique, but related to the incident rate of all other plants through the superpopulation. These models provide a vehicle for incorporating initiating event uncertainty into PRAs.     

A Robust Measure of Uncertainty Importance for Use in Fault Tree System Analysis

The analysis of probabilistic fault trees often involves the investigation of events that contribute both to the frequency of the top event and to the uncertainty in this frequency. This paper provides a discussion of three measures of the contribution of an event to the total uncertainty in the top event. These measures are known as uncertainty importance measures. Two of these measures are new developments. Each of the measures is shown to have unique advantages and disadvantages. The three measures are based on, respectively, the expected reduction in the variance of the top-event frequency should the uncertainty in an event be resolved, the same measure based on the log frequency, and a measure based on shifts in the quantiles of the distribution of top-event frequency.     

A proposal for a new screening paradigm and tool called Exercise Assessment and Screening for You (EASY)

The Exercise Assessment and Screening for You (EASY) is a tool developed to help older individuals, their health care providers, and exercise professionals identify different types of exercise and physical activity regimens that can be tailored to meet the existing health conditions, illnesses, or disabilities of older adults. The EASY tool includes 6 screening questions that were developed based on an expert roundtable and follow-up panel activities. The philosophy behind the EASY is that screening should be a dynamic process in which participants learn to appreciate the importance of engaging in regular exercise, attending to health changes, recognizing a full range of signs and symptoms that might indicate potentially harmful events, and becoming familiar with simple safety tips for initiating and progressively increasing physical activity patterns. Representing a paradigm shift from traditional screening approaches that focus on potential risks of exercising, this tool emphasizes the benefits of exercise and physical activity for all individuals.