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

Mark Lorenzen and Lars Frederiksen

No 05-23, DRUID Working Papers from DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies

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.

Keywords: Project management; product innovation (search for similar items in EconPapers)
JEL-codes: L23 L82 O31 (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-ino and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:aal:abbswp:05-23

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