scholarly journals Participation in Group Companies as a Source of External Knowledge in Obtaining and Making Profitable Radical Innovations

2020 ◽  
Vol 12 (18) ◽  
pp. 7701
Author(s):  
Sara Alonso-Muñoz ◽  
Eva Pelechano-Barahona ◽  
Rocío González-Sánchez
Keyword(s):  
Absorptive Capacity ◽  
Economic Performance ◽  
Economic Return ◽  
External Knowledge ◽  
Radical Innovations ◽  
Sources Of Knowledge ◽  
External Sources ◽  
External Sources Of Knowledge ◽  
A Company ◽  
Knowledge Absorption

In the context of potential absorptive capacity, the present work analyzes sources of knowledge through the adjustment between the typology of sources and innovative results. Different external sources can condition the later phases of knowledge absorption. In relation to external sources of knowledge, we enrich their treatment by considering other companies in the same group as deeper relationships. In addition, we analyzed the results regarding the generation of radical innovations with impact on income. The results show that company groups can reduce costs in the exchange of technological knowledge, not only to develop radical innovations but also to improve their economic performance. Furthermore, membership in a group allows a company to obtain a greater economic return when combined with assimilation resources.

The interaction between external and internal knowledge sources: an open innovation view

2014 ◽  
Vol 18 (2) ◽  
pp. 430-446 ◽  
Author(s):  
Nieves L. Díaz-Díaz ◽  
Petra de Saá Pérez
Keyword(s):  
Absorptive Capacity ◽  
Business Strategies ◽  
Knowledge Sources ◽  
Content Type ◽  
External Knowledge ◽  
Sources Of Knowledge ◽  
External Sources ◽  
Internal Sources ◽  
External Sources Of Knowledge ◽  
Internal Knowledge

Purpose – The purpose of this paper is to study the external sources of knowledge that better exploit internal knowledge in order to innovate. Design/methodology/approach – A balanced panel of 1,266 firms that respond to the Survey of Business Strategies for a five-year period was used, which represents a total of 6,330 observations. Findings – The influence of the absorptive capacity on new products is significant, with an inverted U-shaped relationship. The interaction between external sources of knowledge and firm ' s absorptive capacity has a negative effect on innovation up to a certain level (substitution effect), after which that interaction improves the innovation of firms, displaying a complementary effect. Practical implications – Firms with excess of internal sources of knowledge do not obtain better innovative results because overtime firms tend to inertia and need external sources of knowledge to obtain new knowledge. Firms must be conscious that the effect on innovation of using a strategy of external knowledge acquisition could be different depending on their internal knowledge base level. Thus, those firms that select their strategies to combine knowledge appropriately will have better results. Originality/value – This paper reveals that the positive effect of internal sources of knowledge on innovation decline after it reaches a high level because those firms with strong absorptive capacity may enter a state of organizational inertia that reduces their innovation. This research enhances the importance of identifying each of the external knowledge sources likely to be used, since their influence on innovation differs depending on the level of internal knowledge. Finally, this study is based on panel data models, which allows us to control unobservable heterogeneity improving earlier studies that had to rely on cross-sectional data.

Sourcing External Knowledge

2014 ◽  
Author(s):  
Stephen Tallman ◽  
Anupama Phene
Keyword(s):  
Firm Performance ◽  
Global Network ◽  
Industry Clusters ◽  
Know How ◽  
Treasure Trove ◽  
External Knowledge ◽  
Sources Of Knowledge ◽  
New Directions ◽  
External Sources ◽  
External Sources Of Knowledge

External sources of knowledge have become more important to firms as they have dispersed their value-adding operations around the globe and outsourced them to suppliers. The global network firm has access to a rich store of external knowledge-but what do we know about accessing this treasure trove? We review work on industry clusters, alliances, and acquisitions as some of the most popular mechanisms for bringing external knowledge into the firm or providing access to needed know-how on a temporary basis. We also propose new directions for research by simultaneously examining these sources and considering the antecedents that drive the choice of one particular mechanism in contrast to the others, the co-evolution of the different mechanisms, and finally the implications of their joint use for firm performance.

ABSORPTIVE CAPACITY, INNOVATION, AND EXTERNAL SOURCES OF KNOWLEDGE: THE BRAZILIAN POWER SECTOR

2021 ◽  
Vol 22 (5) ◽  
Author(s):  
ÂNGELA F. VERSIANI ◽  
MARINA A. CRUZ ◽  
SÉRGIO F. L. REZENDE ◽  
JOSÉ M. CASTRO
Keyword(s):  
Absorptive Capacity ◽  
Statistical Testing ◽  
Power Sector ◽  
Industrial Firms ◽  
Sources Of Knowledge ◽  
External Sources ◽  
Research Gap ◽  
External Sources Of Knowledge ◽  
The Relationship ◽  
Validation Stage

ABSTRACT Purpose: This paper discusses the relationship between absorptive capacity, external sources of knowledge, and innovation in the context of the power sector. In doing so, we follow the theoretical debate over absorptive capacity dimensions. We focus on the statistical testing of Zahra and George’s (2002) absorptive capacity construct to identify whether their dimensions find support in reality. We consider that the external environment encompasses both scientific and industrial sources of knowledge, which influence absorptive capacity. Originality/value: Zahra and George’s (2002) model initiated the debate of the absorptive capacity dimensions, and it is disseminated in literature. However, it is poorly tested. There is still a research gap related to the empirical validation stage of the absorptive capacity construct itself. Our research tries to decrease this gap, testing Zahra and George’s (2002) absorptive capacity construct in a Brazilian company’s context. Design/methodology/approach: The research design was quantitative. A survey was applied to 402 industrial firms. We used multivariate sta tistical techniques and the structural models were tested by Partial Least Squares (PLS). Findings: Zahra and George’s (2002) construct of absorptive capacity was proved, and innovation, as well as the external sources types of knowledge, are related to it. The absorptive capacity is contingent on types of external knowledge.

Relatedness economies, absorptive capacity, and economic catch-up: firm-level evidence from China

2019 ◽  
Author(s):  
Anthony Howell
Keyword(s):  
Absorptive Capacity ◽  
Knowledge Spillovers ◽  
Policy Implications ◽  
Firm Level ◽  
Sources Of Knowledge ◽  
Market Competitiveness ◽  
External Sources ◽  
Catch Up ◽  
External Sources Of Knowledge

Abstract This paper examines the effect of agglomeration economies on firm productivity and the role of absorptive capacity in China. Taking into account the transitioning economy context, I further exploit the gradual and spatially uneven implementation of market-oriented reforms to track the relative importance of firms’ absorptive capacity for economic catch-up. The three main results are as follows. First, firms exhibit higher productivity when located in an area with a denser network of related activities, particularly for firms with higher absorptive capacity. Second, the sources of the productivity gains are driven by externalities that arise from better access to inputs, similar workers and technological-related knowledge spillovers. Third, the role of absorptive capacity becomes more important for boosting productivity following more versus less intensive market-oriented economic reforms. These findings have important policy implications for transitioning economies and suggest that market reforms promote efficiency improvements related to performing actual R&D as well as encourage firms to seek out external sources of knowledge in order to attain market competitiveness.

INFLUENCE OF RISK-TAKING AND PROACTIVITY BEHAVIOURS ON FRUGAL PRODUCT INNOVATION: THE MODERATING ROLE OF EXTERNAL SOURCES OF KNOWLEDGE

2021 ◽  
Author(s):  
MIR DOST ◽  
MOHAMMAD SAUD KHAN
Keyword(s):  
Risk Taking ◽  
Product Innovation ◽  
Cost Effective ◽  
Positive Influence ◽  
Market Growth ◽  
External Knowledge ◽  
Sources Of Knowledge ◽  
External Sources ◽  
External Sources Of Knowledge

Growing changes in the present global environment is compelling firms to seek and exploit opportunities for market growth. Among others, an innovation that is cost-effective, functional, and sustainable (frugal) is one of the important factors for such growth. To validate this link empirically, we investigate the influence of risk-taking and proactivity behaviours (dimensions of entrepreneurial orientation (EO)) on frugal innovation (FI), and moderation of external knowledge. We nested the data from Small and Medium Entreprises that were engaged in frugal product innovation in Pakistan. The findings reveal that the behaviours of taking the risk and being ahead of competitors (proactiveness) have a significantly positive influence on FI. However, moderation of external knowledge strengthens the influence of risk-taking behaviour while weakens the influence of proactivity behaviour on FI. The authors also discuss some important theoretical and managerial contributions of this research.

Are winemaker consultants just another source of knowledge for innovation?

2017 ◽  
Vol 21 (6) ◽  
pp. 1523-1539 ◽  
Author(s):  
David Doloreux ◽  
Ekaterina Turkina
Keyword(s):  
Positive Influence ◽  
Wine Industry ◽  
Computer Assisted ◽  
Knowledge Sources ◽  
Content Type ◽  
External Knowledge ◽  
Telephone Interviews ◽  
External Sources ◽  
Original Survey ◽  
External Sources Of Knowledge

Purpose This paper aims to explore the effects of multiple external sources of knowledge and of the use of winemaker consultants on innovation in the Canadian wine industry. Design/methodology/approach The data for the study are taken from an original survey of wine firms in Canada covering the 2007-2009 period. The survey was carried out by computer-assisted telephone interviews, and it was addressed to winery firms that are engaged in growing grapes and producing wine. Findings The results show that the use of winemaker consultants positively affects all forms of innovation. At the same, as far as external knowledge sources are concerned, marketing sources positively affect all types of innovation, while research sources and general sources have a positive influence on particular forms of innovation. The results also show that winemaker consultants interact with other knowledge sources. Nevertheless, there are important nuances with regard to which type of knowledge sources is more compatible with the use of winemaker consultants for which type of innovation. Originality/value To date, there is no empirical evidence of the extent to which the use of external winemaker consultants and external knowledge sources interact together and what are their impacts on the introduction of different forms of innovation.

Users’ Involvement in the Innovation Process through Web 2.0

2012 ◽  
pp. 222-255
Author(s):  
Sergio Ricardo Mazini ◽  
José Alcides Gobbo
Keyword(s):  
Web 2.0 ◽  
New Product Development ◽  
Idea Generation ◽  
Innovation Process ◽  
Competitive Advantages ◽  
Sources Of Knowledge ◽  
External Sources ◽  
External Sources Of Knowledge ◽  
Development Participation

Organizations are inserted into a competitive environment in which innovation is an essential factor in gaining temporary competitive advantages. The search for external sources of knowledge, which can contribute to the innovation process, has become a constant among the organizations. One of the actors involved in this search is users, who often play an important role in the development of new products. This chapter develops a framework for the analysis of users’ involvement in the innovation process through Web 2.0. The research method used a unique case study conducted in a Brazilian automotive company that developed a project of a concept car involving users through Web 2.0. The presented study case was analyzed according to the framework. The obtained result shows that users can contribute not only with idea generation, but also with involvement in the innovation process, depending on which steps of the New Product Development (NPD) process they take part in. Moreover, increasingly users’ development, participation, and collaboration are essential factors in this process.

Users' Involvement in the Innovation Process through Web 2.0

2014 ◽  
pp. 1363-1388
Author(s):  
Sergio Ricardo Mazini ◽  
José Alcides Gobbo Jr.
Keyword(s):  
Web 2.0 ◽  
New Product Development ◽  
Idea Generation ◽  
Innovation Process ◽  
Competitive Advantages ◽  
Sources Of Knowledge ◽  
External Sources ◽  
External Sources Of Knowledge ◽  
Development Participation

Organizations are inserted into a competitive environment in which innovation is an essential factor in gaining temporary competitive advantages. The search for external sources of knowledge, which can contribute to the innovation process, has become a constant among the organizations. One of the actors involved in this search is users, who often play an important role in the development of new products. This chapter develops a framework for the analysis of users' involvement in the innovation process through Web 2.0. The research method used a unique case study conducted in a Brazilian automotive company that developed a project of a concept car involving users through Web 2.0. The presented study case was analyzed according to the framework. The obtained result shows that users can contribute not only with idea generation, but also with involvement in the innovation process, depending on which steps of the New Product Development (NPD) process they take part in. Moreover, increasingly users' development, participation, and collaboration are essential factors in this process.

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