relation: http://eprints.imtlucca.it/1201/
title: Learning from failures or failing to learn? Lessons from pharmaceutical R&D
creator: Magazzini, Laura
creator: Pammolli, Fabio
creator: Riccaboni, Massimo
subject: HD28 Management. Industrial Management
subject: RS Pharmacy and materia medica
description: Innovation is a trial and error process in which both  successes and failures contribute to knowledge creation and  destruction. In this paper we test theoretical predictions about the role of failures in new product development on  private and public knowledge and interfirm knowledge transfer. We analyse the outcomes of world-wide R&D  projects in the pharmaceutical industry, and proxy knowledge flows with forward citations received by patents  associated with each project. We find that patents covering successfully completed projects (i.e., leading to drug  launch on the market) receive more citations than those associated to failed (terminated) projects, which in turn  are cited more often than patents lacking clinical or preclinical information. Failures by specialized firms are cited more frequently than the ones of generalist companies. We therefore offer evidence of the value of failures as research inputs in (pharmaceutical) innovation.
publisher: Wiley-Blackwell
date: 2012-03
type: Article
type: PeerReviewed
identifier:   Magazzini, Laura and Pammolli, Fabio and Riccaboni, Massimo  Learning from failures or failing to learn? Lessons from pharmaceutical R&D.  European Management Review, 9 (1).  pp. 45-58.  ISSN 1740-4754      (2012)  
relation: http://onlinelibrary.wiley.com/doi/10.1111/j.1740-4762.2012.01027.x/abstract
relation: 10.1111/j.1740-4762.2012.01027.x