IDEAS home Printed from https://ideas.repec.org/a/oup/indcch/v22y2013i2p549-575.html
   My bibliography  Save this article

The dynamics of risk in innovation: a premiere or an encore?

Author

Listed:
  • Stoyan V. Sgourev

Abstract

This study examines the mechanisms of risk management in innovation by relating several types of innovation at different risk levels to micro- and macro-level ageing processes. Using archival data from the "Metropolitan Opera" in New York, a time-series analysis reveals how the rate and type of artistic innovation are influenced by ageing at the industry/organizational and executive levels. If the opera repertory has hardened over time, innovation has not stalled, but become of a less risky kind, shifting to reinterpretation of works by way of new conductors and productions, and trying to reconcile pressures toward creativity and stability. New managers tend to promote moderate changes in repertory, without assuming excessive risks. While distinct in nature, opera manifests practices of risk management that seem similar to those observed in other industries. Copyright 2013 The Author 2012. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

Suggested Citation

  • Stoyan V. Sgourev, 2013. "The dynamics of risk in innovation: a premiere or an encore?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 22(2), pages 549-575, April.
    • Handle: RePEc:oup:indcch:v:22:y:2013:i:2:p:549-575
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/icc/dts021
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Efstathios Tapinos & Graham Leask & Mike Brown, 2023. "Perceived environmental turbulence and corporate strategy: The case of the UK recession," Futures & Foresight Science, John Wiley & Sons, vol. 5(3-4), September.
    2. Fabrizio Montanari & Claudio Giachetti & Fabrizio Castellucci & Stefano Li Pira, 2016. "The moderating effect of economic reputation on middle-status conformity: A study on the Italian film industry," Working Papers 9, Venice School of Management - Department of Management, Università Ca' Foscari Venezia.
    3. Nicola Bellini & Marina Raglianti, 2023. "Reluctant Innovators: Dynamic Capabilities and Digital Transformation of Italian Opera Houses in the Pandemic Crisis," Administrative Sciences, MDPI, vol. 13(3), pages 1-12, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:indcch:v:22:y:2013:i:2:p:549-575. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/icc .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.