Architecture of Innovation

Josh Lerner is the Schiff Professor of Investment Banking at Harvard Business School and co-director of the Productivity, Innovation, and Entrepreneurship Program at the National Bureau of Economic Research. He is recognized worldwide as an expert on how innovation works. His books include The Venture Capital Cycle, The Money of Invention (with Paul Gompers), Innovation and Its Discontents (with Adam Jaffe), and Boulevard of Broken Dreams.

“Josh Lerner provides an authoritative analysis of the strengths and weaknesses of the American system.” — The Financial Times“The Architecture of Innovation is a ‘must read’ for R&D managers and CTOs whose mission is to innovate. “ — Research-Technology ManagementADVANCE PRAISE for The Architecture of Innovation:Paul Romer, Professor of Economics, New York University Stern School of Business; Founder, Aplia—“In his latest book, Josh Lerner shows that by following a few basic principles, any organization can innovate more successfully. You couldn’t ask for a better guide to the solid knowledge about what works, or a better antidote to the misleading parts of conventional wisdom.”Hal Varian, Chief Economist, Google—“Which is a better model for innovation: corporate labs or venture-funded start-ups? Josh Lerner argues convincingly for a hybrid model that combines the best of both approaches. The Architecture of Innovation offers practical advice for those in both the public and private sectors who seek to stimulate innovation.”Scott Anthony, Managing Director, Innosight Asia-Pacific; author, The Little Black Book of Innovation—“An important contribution whose lucid and thorough analysis provides practical guidance for leaders trying to transform innovation intent into substantial and sustainable impact.”Pontus Braunerhjelm, Chair, 2010 Global Award for Entrepreneurship—“Josh Lerner is a superstar, a contemporary giant of entrepreneurship scholarship in the domain of VC-backed business venturing. His empirical research on the interrelationships between venture capital, innovation, and entrepreneurship has greatly extended and improved our understanding of one of the engines of modern economic growth.”