Lori Rosenkopf

Wharton School

University of Pennsylvania

@LRosenkopf Website

Professor Rosenkopf’s research examines technological communities and social networks across several high-tech industries. She analyzes how and when knowledge may flow between technical professionals and between organizations, mapping these flows in order to estimate which people, organizations, and technologies are more likely to succeed. She has served as a senior editor for the journal Organization Science and has served as the chair of the Technology and Innovation Management Division of the Academy of Management.

Vote History

Statement Vote Confidence Comments
Antitrust policy should intervene more decisively to limit the scope of large technology platforms. Agree 7 “Compare to the Bell System pre-divestiture ... same network effects but very different welfare issues, which will increase resistance to intervention. Note the statement said ‘should,’ not ‘will’!”
U.S. regulations have been rolled back in a number of areas, including emissions standards and clean water. Companies will decide to voluntarily adhere to rules that closely resemble the original standards. Disagree 8 “Self-regulation is more effective when it is proposed as a replacement for in-force regulations or when the regulators do not possess sufficient technological expertise. In contrast, after a rollback, even good-faith efforts to preserve standards will be watered-down and very susceptible to defection.”
The Business Roundtable’s new Statement on the Purpose of a Corporation indicates a shift away from shareholder value maximization as the sole purpose of the corporation and toward a broader view of value creation.
This shift will have material impact on the well-being of U.S. workers.
Neither Agree nor Disagree 10 “Lao Tzu said that 'the journey of a thousand miles begins with a single step.' This is an important first step, but the road to material impact on the well-being of U.S. workers is long and winding. I urge all the signers of the Business Roundtable Statement to model concrete steps that continue this journey.”
In the next decade, we will see the first sustainably profitable private commercial activities in space. Disagree 5 “Will we see progress and more activity over the next decade? Yes. But ‘sustainable profitable’ requires an ecosystem and massive risk reduction.”
Introducing 5G networks 3-5 years ahead of other countries will give Chinese firms an advantage. Agree 8 “Working infrastructure, coupled with the large protected domestic market, will stimulate massive commercialization of related and complementary products and services by Chinese firms, which in turn will accelerate technological development.”
The increase in stock market volatility that began in 2018 will last for another three to five years. Agree 4 “The outcome of the 2020 election will bear heavily on this issue. Reelection would mean ongoing erratic information about policy, which promotes uncertainty and volatility. A transition of power, in contrast, could reduce uncertainty, but this wouldn’t be immediate.”
A hard Brexit will have a significant negative impact on many businesses, even if they do not have a U.K. or European presence. Agree 7
China is no longer the most attractive growth opportunity for Western multinationals. Disagree 6 “While opportunities may be more constrained than before, partnerships will still provide critical access to this large market.”
In the next five years, the blockchain will have a transformative effect on finance in emerging markets. Agree 8 “For a 10-year horizon instead of five, [I] strongly agree at full confidence.”
In the absence of a carbon tax, industry self-regulation can help mitigate the worst fallout from climate change. Disagree 8 “Industry self-regulation can be very effective for new technologies when the industry players have more expertise than regulators (for example, in determining how new lower-cost flight simulation devices can be used to train pilots in novel, better ways). It’s far less effective to rely on self-regulation to curb long-standing practices.”
Amazon’s new $15 per hour minimum wage will force other companies to follow suit. Disagree 7 “ ‘If’ other companies raise their minimum wage, Amazon’s move will be but one of several competitive, institutional, and sociopolitical forces. In other words, Amazon’s move would be a correlate rather than a cause.”
Restrictions on skilled immigration will cause US firms to to shift more operations overseas. Agree 6
Uber has to develop self-driving cars in the next 10 years in order to remain viable. Agree 8 “Expect a merger or acquisition in less than five years.”
A trade war will be more disruptive to business than to consumers. Neither Agree nor Disagree 6 “The pain will be shared — consumers will see higher prices and business relief will be limited.”
Concern over consumer privacy will fundamentally limit businesses’ ability to use big data. Disagree 7 “Typical ‘opt out’ restrictions won't change the overall character of data much, and more constraining regulations are likely to be nominal.”