Stephen R. Luxmore

Innovation and NGOs a Framework of Interaction

Innovations that antagonize non-governmental organizations (NGOs) will face significantly greater challenges than those that do not. The impact of non-governmental organizations on the commercialization of new technology is evolving from the more traditional indirect approach of lobbying governments. The new NGO approach is to pursue private politics, in which the NGO seeks to exert direct influence over entrepreneurial companies that commercialize radical new technology. The authors use the industry study approach to explore how this new NGO role affects innovation. They present a theoretical framework that encompasses the emerging role of NGOs and set out the practical managerial implications that emerge from their analysis.

EXTERNALITIES AND THE SIX FACETS MODEL OF TECHNOLOGY MANAGEMENT: GENETICALLY MODIFIED ORGANISMS IN AGRIBUSINESS

The Six Facets Model of technology management has previously only been applied to process innovation at the firm and the industry level. In this article, the model is applied to product innovation for the first time. In the context of genetically-modified organisms in the agribusiness industry, we examine radical product innovation through the Six Facets Model. We propose, based on the history of genetically-modified organisms in agribusiness, that when applied to product innovation the Six Facets Model will benefit considerably from the inclusion of potential negative externalities and the reactions of external stakeholders.

When corporate social responsibility matters: An empirical investigation of contingencies

Rather than re-examine the question of whether doing good generally helps a company to do well, this study draws on contingency theory to empirically examine when doing good helps a company do as well as possible. Using panel data, we examine the effects of industry life cycle, munificence, and instability on the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP). Our findings indicate that life cycle has a significant impact on the CSR-CFP relationship, as does industry instability. These findings suggest that CSR helps the bottom line considerably – if it is applied at the right time.