Reasons for Innovation: Legitimizing Resource Mobilization for Innovation in the Case of Okochi Memorial Prize Winners

This paper addresses reasons for innovation. Innovation requires resources to transform new ideas into products/services to be sold in the market and diffused in society. Yet in the earlier stage of innovation process uncertainty always prevails both technologically and economically. There is no objective consensus that the new idea will succeed in the end. It is thus necessary for those people who want to realize the innovation to show others both inside and outside the firm legitimate reasons for mobilizing their precious resources, including people, materials, facilities, and money, throughout the process toward commercialization. How do firms legitimize the resource mobilization for innovation? Drawing on 18 case studies on Okochi Memorial Prize winners, which our joint research project has carried out over last five years, and building upon the existing literature on internal corporate venturing, new ventures, and other related issues, this paper examines the innovation process of established Japanese firms from idea generation to commercialization with a primary focus on the process by which resource mobilization was legitimized.

Stability conditions on degenerated elliptic curves

We study stability conditions on reducible Kodaira curves obtained from degenerations of elliptic curves. We describe connected components of the spaces of stability conditions and compute the groups of deck transformations of those connected components.Comment: 20page

Universality and Critical Behavior at the Critical-End-Point on Itinerant-Metamagnet UCoAl

We performed nuclear-magnetic-resonance (NMR) measurements on itinerant-electron metamagnet UCoAl in order to investigate the critical behavior of the magnetism near a metamagnetic (MM) critical endpoint (CEP). We derived c-axis magnetization $M_c$ and its fluctuation $S_c$ from the measurements of Knight shift and nuclear spin-lattice relaxation rate $1/T_1$ as a function of the c-axis external field ($H_c$) and temperature ($T$). We developed contour plots of $M_c$ and $S_c$ on the $H_c$ - $T$ phase diagram, and observed the strong divergence of $S_c$ at the CEP. The critical exponents of $M_c$ and $S_c$ near the CEP are estimated, and found to be close to the universal properties of a three-dimensional (3-D) Ising model. We indicate that the critical phenomena at the itinerant-electron MM CEP in UCoAl have a common feature as a gas-liquid transition.Comment: 8 Pages, 14 figure