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In both cases there is a time consistency problem and society would be better off appointing a central banker who cares less about the bond market. We also discuss the implications of our model for forward guidance once the economy is away from the zero lower bound. Download working paper http hbs faculty Pages item.aspx num The Advocacy Trap When Leaders’ Legitimacy Building Inhibits Organizational Learning By Zuzul Tiona and Amy C.
Edmondson ABSTRACT—This paper theorizes a relationship between legitimacy building and learning for new firms in nascent industries. We conducted a longitudinal study of a new firm in the nascent smart cities industry and discovered Hungary Phone Number that the firm’s legitimacy building activities provided benefits leading diverse stakeholders to value the new firm and the new industry but also created risks. Specifically legitimacy building relied on and reinforced individual level behaviors an external focus and an advocacy orientation that inhibited the firm’s ability to learn. We propose that legitimacy building can comprise an advocacy trap that blocks meaningful learning vital to the success of a new firm.
By suggesting a downside to legitimacy building and identifying a new barrier to learning rooted in cognition and especially salient in new firms and nascent industries our discovery opens new avenues for research on entrepreneurship and organizational learning. Pages item.aspx num HARVARD BUSINESS SCHOOL CASE Riot Games Can Culture Survive Growth In Riot Games the maker of the top PC game League of Legends considers its growth strategy as it moves into a new campus in Los Angeles. Purchase this case https cb.hbsp.harvard cbmp product PDF ENG HARVARD BUSINESS SCHOOL CASE Terrapin Laboratory No abstract available.
Edmondson ABSTRACT—This paper theorizes a relationship between legitimacy building and learning for new firms in nascent industries. We conducted a longitudinal study of a new firm in the nascent smart cities industry and discovered Hungary Phone Number that the firm’s legitimacy building activities provided benefits leading diverse stakeholders to value the new firm and the new industry but also created risks. Specifically legitimacy building relied on and reinforced individual level behaviors an external focus and an advocacy orientation that inhibited the firm’s ability to learn. We propose that legitimacy building can comprise an advocacy trap that blocks meaningful learning vital to the success of a new firm.
By suggesting a downside to legitimacy building and identifying a new barrier to learning rooted in cognition and especially salient in new firms and nascent industries our discovery opens new avenues for research on entrepreneurship and organizational learning. Pages item.aspx num HARVARD BUSINESS SCHOOL CASE Riot Games Can Culture Survive Growth In Riot Games the maker of the top PC game League of Legends considers its growth strategy as it moves into a new campus in Los Angeles. Purchase this case https cb.hbsp.harvard cbmp product PDF ENG HARVARD BUSINESS SCHOOL CASE Terrapin Laboratory No abstract available.