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Firms’ innovation objectives and knowledge acquisition strategies
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Roper, Stephen, Becker, Bettina, Love, James H. and Bonner, Karen (2022) Firms’ innovation objectives and knowledge acquisition strategies. International Journal of Innovation Management, 26 (4). 2250054. doi:10.1142/S1363919622500256 ISSN 1757-5877.
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Official URL: http://dx.doi.org/10.1142/S1363919622500256
Abstract
External partnerships play an important role in firms’ acquisition of the knowledge inputs to innovation. Such knowledge acquisition may be interactive - involving exploration and mutual learning - or non-interactive - involving exploitative activity and learning by only one party. Here, we consider how firms’ innovation objectives influence their choice of interactive and/or non-interactive knowledge search. We conduct a comparative analysis for Spain and the UK, which have contrasting innovation eco-systems and regulation burdens. Three empirical results emerge. First, we find strong support for complementarity between non-interactive and interactive knowledge search. Second, we find that where firms have innovation objectives relating to product or service improvement, they are more likely to establish non-interactive search strategies. Third, the innovation objective of reducing environmental impact is significantly related to both, interactive and non-interactive knowledge acquisition strategies. This is likely related to the increasing awareness of the need to promote an agenda based on sustainable growth.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HF Commerce |
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Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
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Library of Congress Subject Headings (LCSH): | Diffusion of innovations , Knowledge management, Product management, Success in business | ||||||||
Journal or Publication Title: | International Journal of Innovation Management | ||||||||
Publisher: | World Scientific Pub Co Pte Ltd | ||||||||
ISSN: | 1757-5877 | ||||||||
Official Date: | 9 September 2022 | ||||||||
Dates: |
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Volume: | 26 | ||||||||
Number: | 4 | ||||||||
Article Number: | 2250054 | ||||||||
DOI: | 10.1142/S1363919622500256 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Reuse Statement (publisher, data, author rights): | Electronic version of an article published as International Journal of Innovation Management, Volume, Issue, Year, Pages] http://dx.doi.org/10.1142/S1363919622500256 © copyright World Scientific Publishing Company. https://www.worldscientific.com/ | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 22 August 2022 | ||||||||
Date of first compliant Open Access: | 6 July 2023 |
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