A Theory of Innovation: Benefit, Harm, and Legal Regimes
Abstract:Given contextual pressures, firms increasingly adopt formal and legitimised innovation strategies, managerial practices, techniques or useful processes to achieve successful innovation outcomes. While much innovation research has contributed to a greater understanding of the economic, social, and individual benefits derived from new technologies, there has been little significant discourse about potential harms that can arise from innovation. But as innovators and managers apply innovation models, what informational choices and responsibilities do they have? And perhaps more importantly, under which circumstances are innovating firms most likely to create harm? Building on existing management and legal literature, we use an interdisciplinary approach to develop a theory of innovation, harm, and information. We contribute detailed conceptions of harm and innovation as well as an information-centric typology for innovation models. Our paper delineates six (6) propositions that predict the internal and institutional conditions under which firms would make innovation and information decisions that lead to harmful or beneficial behaviour paths and outcomes. Our paper sheds theoretical light on a previously underexplored area and suggests that the choice of innovation approach does matter, especially when considering consequences to firm-external constituents.
Document Type: Research Article
Publication date: July 1, 2013
Stem cell research, cloning, GMOs ... How do regulations effect such emerging technologies? What impact do new technologies have on law? And can we rely on technology itself as a regulatory tool?
The meeting of law and technology is rapidly becoming an increasingly significant (and controversial) topic. Law, Innovation and Technology is, however, the only journal to engage fully with it, setting an innovative and distinctive agenda for lawyers, ethicists and policy makers. Spanning ICTs, biotechnologies, nanotechnologies, neurotechnologies, robotics and AI, it offers a unique forum for the highest level of reflection on this essential area.