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The dynamics of abandoned innovation activities: Learning from failure or learning to prevent failure?
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Love, James H., Roper, Stephen and Vahter, Priit (2023) The dynamics of abandoned innovation activities: Learning from failure or learning to prevent failure? Research Policy, 52 (8). 104842. doi:10.1016/j.respol.2023.104842 ISSN 0048-7333.
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Official URL: http://dx.doi.org/10.1016/j.respol.2023.104842
Abstract
We contribute to the literature on abandonment and innovation by showing the dynamic nature of the linkage between abandoned innovation activities and subsequent innovation outcomes at firm level. Based on a balanced panel of Spanish manufacturing firms from 2008 to 2016, we demonstrate that abandoning innovation not only leads to more successful innovation, but that there is an explicit time dimension to this. Firms which have prior experience of abandonment have stronger positive effects of more recent abandoned innovation activities on innovation output. However, these effects are largely restricted to prior experience from – and implementation in – the early (conception) phases of the innovation process. While firms systematically develop abilities to prevent failure, there is little evidence of learning from failure in terms of innovation abandonment.
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 T Technology > T Technology (General) |
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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): | Technological innovations , Creative ability in technology , Business failures, Success in business | ||||||||||||
Journal or Publication Title: | Research Policy | ||||||||||||
Publisher: | Elsevier BV | ||||||||||||
ISSN: | 0048-7333 | ||||||||||||
Official Date: | October 2023 | ||||||||||||
Dates: |
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Volume: | 52 | ||||||||||||
Number: | 8 | ||||||||||||
Article Number: | 104842 | ||||||||||||
DOI: | 10.1016/j.respol.2023.104842 | ||||||||||||
Status: | Peer Reviewed | ||||||||||||
Publication Status: | Published | ||||||||||||
Access rights to Published version: | Open Access (Creative Commons) | ||||||||||||
Date of first compliant deposit: | 23 June 2023 | ||||||||||||
Date of first compliant Open Access: | 23 June 2023 | ||||||||||||
RIOXX Funder/Project Grant: |
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