The dynamics of risk in innovation
A premiere or an encore?
Bibliographic Data
| ID | 23236137 |
|---|---|
| Authors | V Sgourev (0000-0003-3561-9201, École Supérieure des Sciences Économiques et Commerciales, corresponding author), S V Sgourev |
| Year | 2013 |
| Volume | 22 |
| Issue | 2 |
| Pages | 549-575 |
| Publication date | 2013-04-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Industrial and Corporate Change (JOURNAL) |
| Journal identifiers | ISSN: 0960-6491 • E-ISSN: 1464-3650 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/icc/dts021 |
| OpenAlex | W2032098477 |
| Language | EN |
| Citations received | 3 |
| References cited | 37 |
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.
Aesthetics · Art · Art history · Business · Creativity · Dynamics (music) · Economic geography · Economics · Management · Metropolitan area · Opera · Reinterpretation · Risk management · Sociology · Creativity in Education and Neuroscience · Cultural Industries and Urban Development · History · Management and Organizational Studies · Marketing · Psychology · Social Psychology
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| Unique citing works | 3 |
|---|---|
| Citations per year | 0.33 |
| Citation span | 2017 - 2023 (7) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |