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Absorptive capacity
July 26, 2012 Editor 0
An important element of a company’s innovation strategy is the acquisition of know-how-for future innovation. Absorptive capacity has been defined as a firm’s ability to recognise the value of new external knowledge, assimilate it and apply it to commercial ends (Cohen and Levinthal, 1990). Conceptually, it is similar to information processing theory, but at the firm […]
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