“…Thus, firms that rely on formalized practices may become myopic to new external and internal knowledge that does not fit with those practices. Finally, the incentives for local search, reduced variety, and reduced options for communication and transfer of knowledge, translate into reduced transfer, and assimilation of external knowledge (Sorenson, 2003;Pemart ın et al, 2017) and/or lock-in to inefficient technologies, routines, and/or partners (Handfield, Ragatz, Petersen, and Monczka, 1999;Szulanski, 1996). These problems will be amplified in the absence of industry-level knowledge because firms face higher uncertainty, increased coordination problems, more complex information processing, and high demand for innovative approaches (Das, Narasimhan, and Talluri, 2006).…”