-
Profiting from external knowledge: the impact of different external knowledge acquisition strategies on innovation performance
September 7, 2015 Editor 0
Profiting from external knowledge&58; the impact of different external #knowledge acquisition strategies on #innovation performance
Emiel F.M. Wubben; Maarten Batterink; Christos Kolympiris; Ron G.M. Kemp; Onno S.W.F. Omta
International Journal of Technology Management, Vol. 69, No. 2 (2015) pp. 139 – 165
Innovation is key to company growth, but hinges on timely access to new knowledge. Individual companies have difficulty pursuing innovation and acquiring the knowledge they need on their own. Companies therefore resort to various governance modes &;licensing&;in, collaborations, mergers and acquisitions, etc.&; that suit the preferred innovation trajectories. We expect governance modes directed at knowledge exploration to generate longterm, radical innovations, and governance modes aimed at knowledge exploitation to generate short&45;term, incremental innovations. Employing data from two Dutch community innovation surveys, we indeed discovered that companies that license in technology tend to produce more incremental innovations. We also found a strong positive correlation between interorganisational collaboration and both long&;term and short&45;term innovation. Finally, we concluded that M&;As have a major impact on the production of long&45;term radical innovations.Related Posts
Open source software adoption and links to innovation performance
Stop Reinventing the Flat Tire with Custom Software Development
Stretching the Concept of Open Innovation
Quotable: Bill Gates debunks 3 myths about the world’s poor
Schistosomiasis research in Africa: How CONTRAST made it happen.
Proposing CSS input modality
Categories: Technology
Tags: innovation performance, knowledge acquisition strategies
Knowledge-based citizenship: a capitals system perspective Sustainable use of nitrogen fertilizer for intensive maize production in northern Ghana
Subscribe to our stories
Recent Posts
- SL Crowd Green Solutions September 21, 2020
- Digital transformation in the banking sector: surveys exploration and analytics August 3, 2020
- Why Let Others Disrupt You? Take the Smart Self-Disruption Journey! August 3, 2020
- 5 Tips for Crowdfunding During the Pandemic August 3, 2020
- innovation + africa; +639 new citations August 3, 2020
Categories
Archives
Popular Post-All time
- A review on biomass-based... 0.9k views
- Can blockchain disrupt ge... 696 views
- Prize-winning projects pr... 692 views
- Apply Now: $500,000 for Y... 610 views
- Test Your Value Propositi... 537 views