Every week, a business school professor, an expert in his or her field, defines key terms on FT Lexicon, our online economics, business and finance glossary.

Peter Augsdörfer is a professor of technology strategy at Grenoble Ecole de Management. He holds a German engineering degree, a French Diplôme d’Études Supérieures, Commerciales, Administratives & Financières and a British DPhil.

Prof Augsdörfer’s research interests lie in the evolutionary aspects of early innovation processes in corporations. He is a member of the Discontinuous Innovation Lab Research Group (DIL) and is also a member of several editorial boards, including the International Journal for Innovation Management. He is the author and co-author of several books and has published extensively in a number of journals such as Research Policy, Creativity and Innovation Management, Research and Technology Management

Prof Augsdörfer is also an active teacher and consultant. He has lectured on corporate strategy and technology management in a number of business schools in the US, Europe and Asia. He has been actively involved in consulting for many companies including Siemens AG, Audi AG, Schneider SA, and GlaxoSmithklineBeechams Plc.

This week, Peter Augsdörfer adds the following terms to FT Lexicon:

bootlegging

slack

discontinuous innovation

path dependence

Compiled by Emmanuelle Smith

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