Befähigung zur Innovation

Knowledge recombination, environmental turbulence and firms' innovation quality: the evidence from Chinese pharmaceutical industry

“…2.1 Conceptual framework 2.1.1 Innovation quality and its two value dimensions. The nature of "innovation" is an idea becomes a value-creating reality and the "quality" describes the "nature," "goodness" or "value" of an object (Faix, 2015). In their combination, the concept of "innovation quality" denotes the value an innovation creates.…”

“…customers or other subjects where innovation diffuses) and originator (i.e. firms) are the two subjects in the innovation value chain (Faix, 2015). Idea generation, idea conversion and idea diffusion phases consist of the innovation value chain (Hansen and Birkinshaw, 2007).…”

“…It is recognized that innovation makes great sense in securing the firms' competitiveness (Taghizadeh et al, 2018). However, firms prefer pursuing innovation quantity rather than innovation quality, which is defined as the value created by innovation (Faix, 2015), for obtaining policy inclination (Dang and Motohashi, 2015) and cost reduction (Guo et al, 2020). The thing is that the turbulent technological and market competition faced by firms nowadays leads to higher requirements for the value created by the innovation (Wu et al, 2017).…”

“…The thing is that the turbulent technological and market competition faced by firms nowadays leads to higher requirements for the value created by the innovation (Wu et al, 2017). It is urgent to improve innovation quality through value creation (Faix, 2015), especially when combating the critical social risks and threats resulting from COVID-19. In addition, China, an aspirant economy (Bruton et al, 2021), has to solve the problem that innovation quality lags behind innovation quantity for further development (Hu et al, 2020).…”

“…To clarify these issues, we connect the concept of innovation ambidexterity with knowledge recombination and conceptualize two complimentary terms, recombinant exploration and recombinant exploitation. Following the definition of Schumpeter's (1934) innovation and Faix's (2015) work, this paper defines innovation quality as the combination of the technological value and economic value the innovation creates. And correspondingly, technological turbulence and market turbulence are the two contingency factors to consider their moderating effects.…”