Research --- Publications

Applied Research

M.G. Jacobides, 2021.  "Why regulation of tech platforms is the new game changer for strategy”,  Strategy+Business, November.

N Cetorelli, M. G. Jacobides, S. Stern, 2021, “Going with the Flow: Changes in Banks’ Business Model and Performance Implications,” Federal Reserve Bank of New York Liberty Street Economics, September 1

Michael G. Jacobides, Martin Bruncko, Kriss Cerpins, Rene Langen, Elena Sedova, 2021.“How to Compete When Industries Digitize and Collide: An Ecosystem development framework”, Evolution Ltd, July.

M.G. Jacobides, F. Candelon, S Brusoni and M. Gombeaud. 2021. “China's business 'Ecosystems' are helping it win the global A.I. race", Fortune,  July 17.

Michael G. Jacobides, Sergio Levi, Jeroen Tas, 2021. “Digital Platforms and Ecosystems in Healthcare: Promises and pitfalls”, Evolution Ltd, May.

Michael G. Jacobides, Martin Bruncko, Rene Langen, 2020. “Regulating Big Tech in Europe: Why, so what, and how understanding their business models and ecosystems can make a difference”, Evolution Ltd, December.

M.G. Jacobides and M. Reeves. 2020. “Adapt
Your Business to the New Reality", Harvard
Business Review, September/October.

M.G. Jacobides, 2020, “Good leaders canovercome institutional inertia in a crisis”, Harvard Business Review, Digital Edition, May 18.

M.G. Jacobides, 2019, “The delicate balance ofmaking an ecosystem strategy work”, Harvard Business Review, Digital Edition, November 19.

M.G. Jacobides, 2019. “In the ecosystem economy, what’s your strategy?”, Harvard Business Review, September/October. Reprinted on Harvard Business Review 10 must-reads on Platforms, HBR Press, October 2020.

M. Reeves H. Lothan, J. Legrand, M.G. Jacobides. 2019. “How Business Ecosystems Rise- and often Fail”, Digital Issue, Sloan Management Review. July 30.

J. Fuller, M.G. Jacobides and M. Reeves. 2019. “Myths and Realities of Ecosystems”, Digital Issue, Sloan Management Review. February 25.

M.G. Jacobides, 2014, “From Black Swans to Grey Rhinos: Four ways Academics can help Managers”, McKinsey Quarterly, 50th Anniversary Edition, No 3, pp. 57-60.

M.G. Jacobides, M. Drexler and J. Rico, 2014, “Rethinking the future of financial services: A structural and evolutionary perspective on regulation,” Journal of Financial Perspectives, Vol 2, No 1, pp. 47-72

M.G. Jacobides and J.P. MacDuffie, 2013, “How to Drive Value your Way”, Harvard Business Review, Vol 91,No.7: 92-100.

M.G. Jacobides, 2010, “Strategy Tools for a Shifting Landscape”, Harvard Business Review, Vol. 88, No. 1, January–February, pp. 76–85. Reprinted in the Chinese, Italian, Brazilian, Spanish HBR collection and syndicated material. Also included in Reinvention, the HBR Spotlight Article Collection, Product 12712.

Academic Research

N. Cetorelli, M.G. Jacobides, S. Stern, 2021. “Mapping a sector's scope transformation and the value of following the evolving core”, Strategic Management Journal 42 (12): 2294-2347.

M.G. Jacobides, S. Brusoni, F. Candelon, 2021. “The Evolutionary Dynamics of the Artificial Intelligence Ecosystem”, Strategy Science, November 6 (4): 412-435.

M.G. Jacobides, I. Lianos, 2021.  "Regulating platforms and ecosystems: an introduction”,  Industrial and Corporate Change, October 30 (5): 1131-1142.

M.G. Jacobides, I. Lianos, 2021.  “Ecosystems and Competition Law in Theory and Practice”, Industrial and Corporate Change, October 30 (5): 1199-1229.

M.G. Jacobides, N. Lang, K. von Szczepanski,2020, “When the default just won’t do: Resilienceas the new competitive necessity“, Management& Organization Review, October

M.G. Jacobides, C. Cennamo and A. Gawer, 2018, “Towards a theory of Business Ecosystems”, Strategic Management Journal, Vol 39, No 8, pp. 2255-2276.

M.G. Jacobides J.P. MacDuffie and C.W Tae, 2016, “Agency, Structure, and OEM Dominance: Change and Stability in the Automotive Sector”, Strategic Management Journal, Vol 37, No. 9, pp. 1942-1967.

M.G. Jacobides and C.J.W Tae, 2015. “Kingpins, bottlenecks and value dynamics along a sector”, Organization Science, Vol 26, No 3, pp. 889-907.

M.G. Jacobides, 2015, “What drove the financial crisis? Structuring our historical understanding of a predictable evolutionary disaster”, Business History, Vol 57, No 5, pp. 716-735.

M.G. Jacobides and A. Kudina, 2013, “How Industry Architectures Shape Success when Expanding in Emerging Economies”, Global Strategy Journal, Vol 3, No. 2, pp. 150-170.

M.G. Jacobides, S.G. Winter and S.M. Kassberger, 2012, “The Dynamics of Profit, Wealth, and Competitive Advantage”, Strategic Management Journal, Vol 33, No. 12, pp. 1384–1410.

M.G. Jacobides and S.G. Winter, 2012, “Capabilities: Structure, Agency and Evolution”, Organization Science, Vol 23, No. 5, pp. 1365-1381.

S. Brusoni, M.G. Jacobides and A. Prencipe, 2009, “Strategic Dynamics of Industry Architectures and the Challenge of Knowledge Integration”, European Management Review, Vol 6, pp. 209–216.

M.G Jacobides, 2008, “How Capability Differences, Transaction Costs, and Learning Curves Interact to Shape Vertical Scope”, Organization Science, Vol. 19, pp. 306–326.

M.G. Jacobides, 2008, “Playing Football in a Soccer Field: Value Chain and Structure, Institutional Modularity, and Success in Foreign Expansion” Managerial and Decision Economics, Special Issue on Strategy (M. Peteraf & C. Maritan, eds.), Vol. 29, pp. 257–276.

M.G Jacobides, 2007, “The Inherent Limits of Organizational Structure and the Unfulfilled Role of Hierarchy: Lessons from a Near War”, Organization Science, Vol. 18, pp. 455–477.

M.G. Jacobides and S.G. Winter, 2007, “Entrepreneurship and Firm Boundaries: The Theory of A Firm”, Journal of Management Studies, Special Issue on Entrepreneurship and the Entrepreneurship of the Firm (J.B. Barney & S. Alvarez, eds.), Vol. 44, pp. 1213–1241.

M.G. Jacobides, T. Knudsen and M. Augier, 2006. “Benefiting from Innovation: Value Creation, Value Appropriation and the Role of Industry Architectures”, Research Policy, Vol. 35, pp. 1200–21.

M.G. Jacobides and S. Billinger, 2006. “Designing the Boundaries of the Firm: From ‘Make, Buy or Ally’ to the Dynamic Benefits of Vertical Architecture”, Organization Science, Vol. 17, No. 2 March/April: pp. 249–261.

M.G. Jacobides, 2006. “The Architecture and Design of Organizational Capabilities”, Industrial and Corporate Change, Vol. 15, No. 1, February: pp.151–171.

M.G. Jacobides and L.M. Hitt, 2005. “Losing Sight of the Forest for the Trees? Productive Capabilities and Gains from Trade as Drivers of Vertical Scope”, Strategic Management Journal, Vol. 26, No.13, pp. 1209–1227.

E. Cacciatori and M.G. Jacobides, 2005. “The Dynamic Limits of Specialization: Vertical Integration Reconsidered”, Organization Studies, Vol. 26, No.12, December: pp. 1851–1883.

M.G. Jacobides, 2005. “Industry Change through Vertical Dis-integration: How and Why Markets Emerged in Mortgage Banking”, Academy of Management Journal, Vol. 48, No. 3, June: pp. 465–498.

M.G. Jacobides and S.G. Winter, 2005. “The Co-evolution of Capability and Transaction Costs: Explaining the Institutional Structure of Production”, Strategic Management Journal, Vol. 26, No.5, May: pp. 395–413.

M.G. Jacobides and D.C. Croson, 2001. “Information Policy: Shaping the Value of Agency Relationships”, Academy of Management Review, Vol. 26, No. 2, April: pp. 202–223.

Other Publications

Michael G Jacobides, 2021. “What Drives and Defines Digital Platform Power? A framework, with an illustration of App dynamics in the Apple Ecosystem”,  Evolution Ltd, April.

M.G. Jacobides, 2020. Harnessing the rising power of ecosystems: How to win in a post-COVID-19 world, Chapter 12 in Ecosystems, Inc. Thinkers50, Editors

M.G. Jacobides, 2020. Goodbye business as usual, Think!

M.G. Jacobides, A. Sundararajan A. and M. Van Alstyne, 2019, Platforms and Ecosystems: Enabling the Digital Economy, World Economic Forum White Paper, March

M.G. Jacobides, 2018, “Opportunities in the future of Transport”, Business Strategy Review

M.G. Jacobides, 2018, “Greek Administration and the “Tragic Trident”: The Organizational Foundations of the Greek Malaise”, Greek Economy: Beyond the Crisis, C. Meghir, C Pissarides, D. Vayanos, N. Vettas, MIT Press (forthcoming- September), and in Greek (translated book, October 2018), University of Crete.

M.G. Jacobides and M. Umana, 2017, “What you pay and what you get: The evolution of fund terms, fundraising, and returns in Private Equity” Adveq Research Series report, LBS Institute of Private Equity, London: June.

World Economic Forum (M.G. Jacobides, M. Drexler and J.R. Saaverda), 2015. The Future of Alternative Investments, a series of three reports, WEF Publications, Geneva/New York: October.

   1. Alternative Investments 2020: An
       Introduction to Alternative Investments, 23rd
       July 2015

   2. Alternative Investments 2020: Regulatory
       Reform and Alternative Investments, 2nd
       November 2015

   3. Alternative Investments 2020: The Future of
       Capital for Entrepreneurs and SMEs, 18th
       August 2015

M.G. Jacobides and J.R. Saaverda, 2015, “The Shifting Business Model of Private Equity: Evolution, Revolution, and Trench Warfare”, Adveq Research Series report, Coller Institute of Private Equity, London: October.

M.G. Jacobides, 2015, “Industry Architecture”, Palgrave Encyclopedia of Strategic Management, M. Augier & D.J. Teece (ed), DOI 10.1057/9781137294678.0799

M.G. Jacobides, 2014. “Before prescribing themedicine, we need to better diagnose themalady”, Europe’s World, Autumn, pp. 88-89.

M.G. Jacobides, M. Drexler and J. Rico, 2014, “Regulation Reframed,” Business Strategy Review, Vol 25, No. 2, pp. 21–25.

M.G. Jacobides, 2013, “Rethinking Financial Architecture”, How to Run a Bank, The Banker Editions, pp. 50-51.

M.G. Jacobides, 2013, “Time to tackle EU governance”, How to Run a Bank, The Banker Editions, pp. 32-34.

M.G. Jacobides, 2013, “What Next for the Eurozone?” Business Agenda, January, pp. 14-17.

C.W. Tae and M.G. Jacobides, 2012, “How Value Migrates Within an Industry Architecture: Kingpins, Bottlenecks and Evolutionary Dynamics”, Best Papers Proceedings of the 2012 Academy of Management Meetings.

M.G. Jacobides, 2012, “The Real Issue with Greece”, Business Strategy Review, Vol 23, No 2, pp. 64-67.

M.G. Jacobides, R Portes and D Vayanos , 2011, “Greece: The Way Forward” EU Vox, November (Longer version available as White Paper, London Business School, October).

M.G. Jacobides, 2011. Strategy Bottlenecks: How TME Players can Shape and Win Control of their Industry Architecture, Insights, vol 9 no 1, pp. 84-91.

M.G. Jacobides, 2011, The Future of Finance: Issues in re-shaping the Sector’s Landscape, AIM Research Briefing.

M.G. Jacobides, 2010, “The Play’s the Thing”, Business Strategy Review, Vol. 21, Issue 2, pp.58–63.

M.G. Jacobides, 2010, “Playscript your Strategy”, Strategy Magazine, June, pp. 14–16.

M.G. Jacobides and S.G. Winter, 2010. “Survival of the Reckless: Feedback, Foresight and the Evolutionary Roots of the Financial Crisis”, appeared in the American Economics Association Meetings Electronic Proceedings, January.

M.G. Jacobides, 2009, “Don’t Let this Crisis go to Waste”, Business Strategy Review, Vol. 20, No. 3, pp. 71–75.

M.G. Jacobides, 2009, “New ways of thinking about Business”, Financial Times Mastering Management Series, February 23, and online supplement. Reprinted in Managing in a Downturn: Leading Business thinkers on how to grow when markets don't (as Chapter 22), FT-Pearson: London, 2009.

M.G Jacobides, 2008, “Industry Change through Vertical Disintegration: How and Why Markets Emerged in Mortgage Banking”, reprint of AMJ in Organizational Learning and Knowledge Management, Edward Elgar Publishing, April.

M.G. Jacobides, T. Knudsen and M. Augier, 2006. “Who Does What and Who Takes What: Benefiting from Innovation”, AIM Management Briefing, December.

M.G. Jacobides, 2002. “Mortgage Banking Unbundling”, Housing Finance International July: pp. 3–13.

M.G. Jacobides, 2001. “Technology with aVengeance: The New Economics of Mortgaging”,Mortgage Banking, October: pp. 118–130.

M.G. Jacobides, 2001. “Case-Study in Capabilities-Based Restructuring: Mortgage Banking” The Banker, October: p. 12.

M.G. Jacobides, 2001. “Mortgage Banking Unbundling: Structure, Automation and Profit”, Mortgage Banking, pp. 28–40.

D.C. Croson and M.G. Jacobides, 1997. “Agency Relationships and Monitoring in Electronic Commerce”, International Journal of Electronic Commerce, Vol. 1, No. 3, Spring: pp. 65–82.