Building exploration and exploitation in the high-tech industry: The role of relationship learning

Wang, Chao-Hung; Hsu, Li-Chang

doi:10.1016/j.techfore.2013.04.008

Cited by 68 publications

(47 citation statements)

References 76 publications

(77 reference statements)

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“…Firms in high-technology industries face challenges that make more intense and radical innovation development a critical factor (Rothaermel & Deeds, 2006). Some of these factors are a faster technological progress, manufacturing complexity and stronger competition (Wang & Hsu, 2014). This reinforces the necessity of more intense use of R&D alliances by these firms (Hagedoorn, 1993;Hagedoorn & Duysters, 2002).…”

Section: Figure1 Theoretical Modelmentioning

confidence: 99%

Balancing Internal and External R&D Strategies to Improve Innovation and Financial Performance

Paula

Silva

2018

BAR, Braz. Adm. Rev.

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This research investigated the complementarity of internal and external R&D for innovation development and the effect of innovation on the financial performance of European manufacturing firms. Using multigroup structural equation modeling, this study partially supported that internal and external R&D are complementary in firms from high-technology industries, whereas they are not in firms from low-technology industries. For the two groups of firms, both internal and external R&D separately had a positive effect on innovation performance. These results suggested that if low-tech firms, which had lower absorptive capacity than high-tech firms, want to improve their innovation performance in the long term, they should start prioritizing internal R&D to improve their absorptive capacity while achieving a short-term satisfactory innovation outcome. As absorptive capacity rises, more complex strategies balancing internal and external R&D should be adopted. Contrary to expectations, the empirical analysis indicated that innovation performance did not influence short-term financial performance for the whole sample. However, in countries more affected by the 2008 crisis (for instance, Baltic countries, Portugal and Spain), this effect was detected, indicating that innovation helped firms to recover faster.

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Section: Figure1 Theoretical Modelmentioning

confidence: 99%

Balancing Internal and External R&D Strategies to Improve Innovation and Financial Performance

Paula

Silva

2018

BAR, Braz. Adm. Rev.

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“…It should be noted that such findings are in stark contrast to other innovation strategy literature that has consistently associated this type of strategy with incremental improvements of existing products and technologies (e.g. Benner andTushman 2003, Wang andHsu 2014).…”

Section: The Perspective Focusing On the Possibility Of Major Innovationcontrasting

confidence: 84%

Enabled by the past: understanding endogenous innovation in mature industries

Onufrey¹

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Mature industries have played and still play a crucial role in national and world economies. To survive and retain competitiveness, they need to innovate, as innovation is the driver of economics growth and industrial transformation. However, existing research does not provide sufficient explanation of how innovation in mature industries can be enabled based on resources and internal development logic of those industries, i.e. endogenously. Some previous studies focused on incremental innovation patterns, which led to an underestimation of innovation potential of mature industries. Other studies acknowledged a high innovation potential of mature industries, but failed to explain how, through what mechanisms, industry-endogenous logic can bring about major innovations.Therefore, the purpose of this thesis is to systematically address, explain and conceptualize industry-endogenous innovation and its driving mechanisms in mature industries. To achieve this purpose, three main issues are addressed. First, the thesis investigates and conceptualizes the notion of industry endogenous innovation mechanisms based on the path dependency theory. Second, the thesis addresses strategic choices and actions by established companies that are rooted in the industry endogenous mechanisms and result in highly innovative outcomes. Third, the thesis systematically analyses different aspects of radicalness of innovations resulting from industry endogenous mechanisms.The thesis represents a qualitative, embedded case study with two main industry cases, i.e. the global lighting industry and the Swedish pulp and paper industry. The lighting industry and its subcases in the form of specific lighting technologies have been studied via the analysis of patents of leading lighting manufacturers, archival and secondary data sources as well as interviews with different types of actors in the industry. The pulp and paper industry and its sub-cases in the form of innovation initiatives have been studied with the help of interviews with leading manufacturers and research institutes, as well the analysis of annual reports and secondary data sources. The outcomes of the study are presented in the form of the thesis cover paper and five appended papers.The results show that innovations of any magnitude can be endogenously developed in mature industries. At the industry level, endogenous innovation is driven by innovation mechanisms that can be conceptualized as reactive sequences and self-reinforcing mechanisms. At the level of individual companies, the exploitation strategy corresponds to the logic of endogenous innovation mechanisms by enabling highly innovative outcomes and building on a wide range of resources available in the industry. The endogenous character of innovation mechanisms imposes certain limitations on the radicalness of the outcomes in the form of trade-offs in terms of how many and what particular aspects can be radically new at once.With these results, the thesis contributes to a more balanced overall understanding of in...

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“…Sepehrdoust and Shabkhaneh (2015), in a study entitled "Impact of knowledge-based components on organizational productivity", indicate that the four main variables of the knowledge-based economy; the education variable, information and communication technology innovations, economic incentives and regulations institutional are of greatest impact on growth and productivity of knowledge-based companies. Wang and Chang (2014), in a study entitled "Building exploration and exploitation in the hightech industry: The role of relationship learning", came to the conclusion that learning is of maintenance and support role in high-tech industries, learning improves and tuning information, and upgrades the abilities and capacities in people, products and services. Learning outcomes lead to the promotion of innovation in the development of production and products.…”

Section: Resultsmentioning

confidence: 99%

Identification of factors affecting individual industries

Mirzadeh¹,

Salamzadeh²,

Salamzadeh

2017

Econom. y Socied.

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En el mundo moderno de hoy, el alto conocimiento y la tecnología se están convirtiendo rápidamente en una ventaja competitiva. Las industrias individuales son consideradas como uno de los sectores clave en la industria del país. Clasificar los factores que afectan a este tipo de industrias nos hace estar más familiarizados con su efectividad y, por tanto, tomar acciones para mejorarlos en las empresas basadas en el conocimiento. Con el fin de alcanzar este objetivo, tras revisar las investigaciones que se han realizado en el área de industrias individuales, a través del método de campo y utilizando un cuestionario aplicado por el investigador, el presente estudio investiga y clasifica los factores que afectan al establecimiento de estas industrias.En cuanto a su finalidad, se trata de una investigación aplicada, y en términos de recogida de datos, se considera una encuesta descriptiva. Utilizando el método censal se recolectaron 60 cuestionarios. Los factores efectivos se clasificaron utilizando el software SPSS y técnica TOPSIS.Los resultados de este estudio sugieren que los factores de contenido ocupan el primer lugar y los factores contextuales y estructurales, el segundo y tercer lugar, respectivamente. Por lo tanto, se recomienda a ejecutivos y gerentes en industrias individuales enriquecer las normas de empresa conjunta y los valores y creencias dominantes en las empresas basadas en el conocimiento, con el fin de lograr el crecimiento y el desarrollo de este tipo de industrias.

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Building exploration and exploitation in the high-tech industry: The role of relationship learning

Cited by 68 publications

References 76 publications

Balancing Internal and External R&D Strategies to Improve Innovation and Financial Performance

Balancing Internal and External R&D Strategies to Improve Innovation and Financial Performance

Enabled by the past: understanding endogenous innovation in mature industries

Identification of factors affecting individual industries

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