On the Economics of Innovation Projects: Product Experimentation in the Music Industry

Mark Lorenzen, Lars Frederiksen

Research output: Working paperResearch

Abstract

The paper is conceptual, combining project and economic organization literatures in order to explain the organization and management of market-based projects. It dedicates particular focus to projects set up in order to facilitate product innovation through experimentation. It investigates the internal vs. market economies of scale and scope related to projects, as well as the issues of governance, planning and coordination related to reaping such economies. Incorporating transaction cost perspectives as well as considerations of labour markets, the paper explains the management of market-organized
innovation projects by virtue of localized project ecologies and local labour markets of leaders and boundary spanners. It illustrates its arguments with a case study of the Recorded Music industry.
Original languageEnglish
Place of PublicationFrederiksberg
PublisherDRUID - Danish Research Unit for Industrial Dynamics
Number of pages24
ISBN (Print)8778731895
Publication statusPublished - 2005
SeriesDRUID Working Paper
Number05-23

Cite this

Lorenzen, M., & Frederiksen, L. (2005). On the Economics of Innovation Projects: Product Experimentation in the Music Industry . Frederiksberg: DRUID - Danish Research Unit for Industrial Dynamics. DRUID Working Paper, No. 05-23
Lorenzen, Mark ; Frederiksen, Lars. / On the Economics of Innovation Projects : Product Experimentation in the Music Industry . Frederiksberg : DRUID - Danish Research Unit for Industrial Dynamics, 2005. (DRUID Working Paper; No. 05-23).
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Lorenzen, M & Frederiksen, L 2005 'On the Economics of Innovation Projects: Product Experimentation in the Music Industry ' DRUID - Danish Research Unit for Industrial Dynamics, Frederiksberg.

On the Economics of Innovation Projects : Product Experimentation in the Music Industry . / Lorenzen, Mark; Frederiksen, Lars.

Frederiksberg : DRUID - Danish Research Unit for Industrial Dynamics, 2005.

Research output: Working paperResearch

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AB - The paper is conceptual, combining project and economic organization literatures in order to explain the organization and management of market-based projects. It dedicates particular focus to projects set up in order to facilitate product innovation through experimentation. It investigates the internal vs. market economies of scale and scope related to projects, as well as the issues of governance, planning and coordination related to reaping such economies. Incorporating transaction cost perspectives as well as considerations of labour markets, the paper explains the management of market-organizedinnovation projects by virtue of localized project ecologies and local labour markets of leaders and boundary spanners. It illustrates its arguments with a case study of the Recorded Music industry.

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Lorenzen M, Frederiksen L. On the Economics of Innovation Projects: Product Experimentation in the Music Industry . Frederiksberg: DRUID - Danish Research Unit for Industrial Dynamics. 2005.