Improving the cost, quality or timeliness of a firm’s products and processes requires a variety of scarce firm-specific resources. Though firms need to engage in these practices to remain competitive there is also a cost involved. This leads to a key question: When should a firm switch all its learning resources from an older to a newer product generation? Professors Demeester and Qi use empirically tested models to address the question in this Working Paper.
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working paper title: Managing Learning Resources for Consecutive Product Generations