Includes bibliographical references and index.

Acknowledgments
The search for innovation and growth
The traditional model
Where R & D came from
The changing face of corporate R & D
The venture alternative
Getting venturesome
The shortcomings of venture capital
The best of both worlds?
R & D meets VC : the promise of corporate venturing
Leveling the innovation landscape
Improving the design
Notes
Index

In The Architecture of Innovation, Harvard Business School professor Joshua Lerner explores how organizations can structure themselves to encourage innovation. Rather than relying on chance or heroic inventors, he argues that the design of institutions—how they are “architected”—is key to enabling creative breakthroughs.
Lerner blends economic theory, case studies, and organizational insights to examine what separates successful innovation systems from failing ones.