1,721,090 research outputs found
Introduction — managing innovation:What do we know about innovation success factors?
No full textThis volume explores innovation success factors by examining new product and service development through three parts: Innovation Management, Critical Factors in New Product Development and Tools for NPD.</p
Creating and capturing value from external knowledge: The moderating role of knowledge intensity
No full textintegration with and adaptation to internal capabilities and the exploitation of these novel combinations to create and capture value in new ways. However, studies focusing on the relationships among capabilities, BMI and firm performance are rare. In this paper, we adopt broader measures of internal and external knowledge, which include codified intangibles such as patents and copyrights, and examine the effects the combinations and interactions have on sales growth based on a dataset of 310 firms from four European countries. Using the broader measure of knowledge, we find support for the curvilinear relationship reported in studies using research and development-intensity as a proxy. However, we also find that firms with low levels of internal knowledge benefit most from an ‘optimal’ investment in externally generated knowledge, but the influence on sales growth is very sensitive to the degree of external knowledge acquired. By contrast, knowledge-intensive firms are relatively freer in defining their knowledge sourcing strategy. We discuss the implications for exploiting knowledge and complementary assets in BMI
Overcoming the false dichotomy between internal R&D and external knowledge acquisition: Absorptive capacity dynamics over time
Get PDFAn important challenge in open innovation is the capability to absorb and exploit external inbound knowledge, and how internal R&D may facilitate or hinder this. Conventionally, internal R&D expenditure is used as a proxy for absorptive capacity, but in the context of open innovation, this can be problematic. Internal R&D may also constrain present and future absorption, and restrict exploitation for a number of reasons, e.g. degree of development, structural, geographical or relevance to existing business units and markets. Conversely, external sources of innovation can be difficult to identify, evaluate and absorb, but may be more codified, as by definition they are available in the market, and more fully-developed to demonstrate commercial potential. Using panel data of 325 firms over five years, we find that contrary to the prescriptions of transaction cost analysis, externally-sourced knowledge takes less time to absorb and exploit than internally-generated knowledge, but that internal knowledge creates higher returns over the longer term. Significantly, the relationship between internal and external knowledge and performance changes over time, while the ideal strategic balance needs to consider decisions taken at different times
Is Radical Innovation Management Misunderstood? Problematising the radical innovation discipline
No full textThis paper poses a critical view on radical innovation (RI) management research and practice. The study investigates how expected RI performance influences firms’ understanding of their RI capability. RI performance is often based on output measures such as market shares or fiscal return. On the contrary, RI capability building advocates for exploration, learning, and accepting uncertainty. Hence, RI capability building often focuses on the processes of the firms, and not the outcome. Thus, it is argued that the RI capability-building and RI performance expectations are based on different managerial orientations. Coupling a discussion of the literature with case findings from four large international firms, this paper identifies a discrepancy between RI capability-building and RI performance within literature and practice. This is regarded to be a major contributing factor to RI program failure. This study presents three misunderstandings related to RI research and practice and discusses implications of these findings.This chapter was originally published in International Journal of Innovation Management, Vol. 19, No. 6 (December 2015), 1540010-1–23, https://doi.org/10.1142/S1363919615400101, published by Imperial College Press
INOVAÇÃO E EMPREENDEDORISMO: DA TEORIA À PRÁTICA EM JOHN BESSANT E JOE TID
Get PDFResenha da obra: BESSANT, John; TIDD, Joe. Inovação e empreendedorismo. Porto Alegre: Bookman, 2019. 3. ed. 512 p
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