2019
DOI: 10.1108/jbim-11-2017-0292
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Cultivating organizational wisdom for value innovation

Abstract: Purpose Marketing literature, while acknowledging the relevance of organizational learning for a better market understanding, has shown remarkably little effort to develop a framework for organizational wisdom (OW). A learning organization becomes wiser through time. Knowledge acquisition and exploitation are the foundation for differentiation between firms and sustain value creation. Therefore, this paper aims to integrate OW with previously validated marketing concepts in a broader nomological network. Des… Show more

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Cited by 20 publications
(33 citation statements)
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“…Collective strategies such as cooperation, alliance or partnership, either through personal contacts or inter-firm agreements, have been the subject of research endeavour in recent years (Blachetta and Kleinaltenkamp, 2018; Crick, 2019; Mora Cortez and Johnston, 2018; Waluszewski et al , 2019). The impact of globalisation and technological advancement over the past 50 years have tremendously encouraged scholarly research on the successful management of inter-firm collaboration (Beamish and Lupton, 2016).…”
Section: Literature Reviewmentioning
confidence: 99%
See 1 more Smart Citation
“…Collective strategies such as cooperation, alliance or partnership, either through personal contacts or inter-firm agreements, have been the subject of research endeavour in recent years (Blachetta and Kleinaltenkamp, 2018; Crick, 2019; Mora Cortez and Johnston, 2018; Waluszewski et al , 2019). The impact of globalisation and technological advancement over the past 50 years have tremendously encouraged scholarly research on the successful management of inter-firm collaboration (Beamish and Lupton, 2016).…”
Section: Literature Reviewmentioning
confidence: 99%
“…To remain competitive, Park et al (2018) contend businesses need to develop and utilise both their personal and business relationships. In this way, businesses acquire limited and valuable resources, jointly develop new products or services and exchange information and expertise (Breznitz et al , 2018; Mora Cortez and Johnston, 2018; Shukla and Akbar, 2018).…”
Section: Introductionmentioning
confidence: 99%
“…Adopting complexity theory, we confirm empirically that firms that show proactive technical innovation behavior provide a path to organizational learning. Because organizational learning is the natural connection between working and innovating, the composite concept of “learning-in-working” best represents the fluid evolution of organizational learning through the proactive practice of technical innovation (Brown and Duguid, 1991; Mora Cortez and Johnston, 2018). In addition, our results support and reinforce the conclusions achieved in previous studies such as Sosna et al (2010), Lee and Walsh (2016), Kahn (2018) and (Kumar et al, 2018) which stress that practice, the dynamic of implementation and the trial and error involved in the full technical innovation process activate learning mechanisms.…”
Section: Implications and Concluding Remarksmentioning
confidence: 99%
“…Learning that has been accumulated in an organizational setup with regard to customer expectations, experiences and other elements that are essential elements of CS can be used as knowledge capital or wisdom (Cortez and Johnston, 2019). In the long term, the company would benefit by increasing customer loyalty and it would ultimately give businesses a competitive edge (Reichheld and Sasser, 1990; Fornell, 1992; Anderson et al , 1994).…”
Section: Introductionmentioning
confidence: 99%
“…The reason may be related to the fact that the information relating to customers received by these customer-centric organizations may not be retained as OL. If it were, it could be leveraged as knowledge capital or organizational wisdom to satisfy their customers every time, year after year (Cortez and Johnston, 2019). However, while keeping external market peculiarities in mind, a company must develop learning changes that may be in the form of single-loop or double-loop learning (Argyris and Schon, 1997).…”
Section: Introductionmentioning
confidence: 99%