Title :
The winner´s curse in high tech [telecommunication industry]
Author :
Anandalingam, G. ; Lucas, Henry C., Jr.
Author_Institution :
Robert H. Smith Sch. of Manage., Maryland Univ., College Park, MD, USA
fDate :
3/1/2005 12:00:00 AM
Abstract :
The recent book, Beware the Winner´s Curse: Victories that Can Sink You and Your Company (Oxford Univ. Press, 2004), outlines a number of cases in which companies experienced the winner´s curse, presents industry-specific ideas, and offers a general framework for improving management decision making in these circumstances. The winner´s curse is especially prevalent in technology given the importance and size of this economic sector. The US wireless spectrum auction fiasco and Lucent Technologies´ disastrous acquisitions of several optical networking startups are two examples of this phenomenon.
Keywords :
contracts; telecommunication services; Lucent Technologies disastrous acquisitions; US wireless spectrum auction fiasco; contracts; management decision making; optical networking; winner curse; Contracts; Educational institutions; Optical fiber losses; Optical fiber networks; Optical fibers; Optical network units; Petroleum; Strategic planning; US Government; Uncertainty;
DOI :
10.1109/MC.2005.108
