Effects of Exploration on the Relationship Between Intellectual Capital and the Retained Technical Value of Innovation

Meyer, John P.

doi:10.1142/s1363919611003155

Cited by 5 publications

(10 citation statements)

References 65 publications

(93 reference statements)

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“…Some limits can be outlined. First, the use of patent data as a proxy of innovation has been widely debated in literature (Meyer, 2011), since not all patented inventions lead to an actually commercialized innovation and not all innovations are patented. Second, the use of patents filed in 2011 hinders the distinction between real and dormant ones, which can be done only by analyzing patents filed in more distant periods of time, in order to verify whether maintenance fees are paid or not.…”

Section: Resultsmentioning

confidence: 99%

Innovation Strategies in the Open Innovation Era: A Multi-Dimensional Approach Based On Patent Data and Accounting Metrics

Michelino¹,

Cammarano²,

Caputo³

2016

JOMS

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The paper aims at defining innovation strategies, through the use of patent data, as the combination of five elements: patent applications, body of knowledge, patent scope, technological strategy and technological focalization/differentiation. Furthermore, the proclivity of companies to open up their innovation processes is evaluated through an accounting approach by examining all the costs, revenues, new investments and divestments of intangibles related to open transactions. Innovation strategies and open innovation adoption are then related each other and some context features and financial performances are also analyzed.The work is applied to a sample of 102 worldwide top R&D spending bio-pharmaceutical firms. Patent applications, body of knowledge and technological differentiation are positively correlated each other and exhibit a positive correlation with firm size, age and financial performances and a negative relation with open innovation adoption, in particular as to open innovation revenues.The paper contributes to the research on innovation by providing a comprehensive multi-dimensional framework for the definition of innovation strategies through the use of standardized data which are both easily available and objective.

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Section: Resultsmentioning

confidence: 99%

Innovation Strategies in the Open Innovation Era: A Multi-Dimensional Approach Based On Patent Data and Accounting Metrics

Michelino¹,

Cammarano²,

Caputo³

2016

JOMS

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“…Furthermore, there are many types of value an innovation can have to its inventors, the organization for which they work and the technological domain in which it emerges (Meyer, 2011;Meyer and Subramaniam, 2014;Giarratana et al, 2018). The technical value of an innovation is the degree to which the knowledge contained in an individual innovation is built upon as the technology continues to evolve or, in other words, it is the extent to which an innovation spurs further innovation that could at times even change the state-of-the-art in its field (Albert et al, 1991).…”

Section: The Main Driver Of Innovations 1293mentioning

confidence: 99%

Social capital as the main driver of organizationally valuable innovation

Meyer

2022

EJIM

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PurposeThrough a juxtaposition of social capital with two other forms of intellectual capital – human capital and organizational capital – the author proposes and tests a framework that sets social capital apart as the main driver of innovations that contribute subsequent technical value to the innovating organization.Design/methodology/approachThis study uses data collected from the United States Patent and Trademark Office (USPTO) for measurement of the key variables. Specifically, the analysis includes all 117 innovations patented under the thermal inkjet printing subclass that were issued in the twenty years following the establishment of that specific subclass in 1980. The author also collected additional data on the individuals and organizations listed on each patent.FindingsThe results of the analysis show that all intellectual capital is not the same and that social capital resulting from collaborative relationships among inventors has significantly more positive influence on the retained technical value of an innovation than organizational or human capital.Practical implicationsRather than tout the primacy of individual intelligence to the generation of valuable innovation, this research suggests that it is preferable to bring together a group of inventors with narrow individual scientific expertise who instead rely on broad collaboration networks as a flexible source of diverse knowledge.Originality/valueThis research addresses an area of innovation research that has not been adequately explored – how do different forms of intellectual capital affect the value the resulting innovation has to the innovating organization?

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“…Firms dynamically and continuously expand their breadth of knowledge over time (Chang, 1996;Miller, 2004), since knowledge does not have a rigid nature, but it can be transformed, accumulated, stored and transferred (Lo Storto, 2006). Even though exploration and exploitation compete for scarce organisational resources (March, 1996(March, , 2006 and are self-reinforcing, firms benefit from a balanced mix of both (Meyer, 2011) and their combination improves survival chances, growth and financial performances (O'Reilly and Tushman, 2004). Gupta et al (2006) stated that, within a single knowledge domain, exploration and exploitation are mutually exclusive, whereas -across different areas -they are orthogonal.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Investigating technological strategy and relevance of knowledge domains in R&D collaborations

Cammarano

Michelino

Caputo

2019

IJTM

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The purpose of the paper is to provide a patent-based framework exhibiting how companies manage their R&D collaborations at the knowledge domain level. Two characteristics of the knowledge fields involved in alliances are examined-technological strategy and technological relevance-proposing an original mapping of R&D collaborations. Focal companies are selected from automotive, bio-pharmaceutical and technology hardware and equipment industries. By focusing on dyadic collaborations, the analysis is performed for both focal companies and their partners, and the significance of the mapping is tested with patent quality. Results show that the largest share of dyadic collaborations is focused on technological fields that are non-core for both partners. Also, from the standpoint of the focal firm, a prevalence of exploitation on exploration is uncovered. Different best practices emerge for each industry.

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Effects of Exploration on the Relationship Between Intellectual Capital and the Retained Technical Value of Innovation

Cited by 5 publications

References 65 publications

Innovation Strategies in the Open Innovation Era: A Multi-Dimensional Approach Based On Patent Data and Accounting Metrics

Innovation Strategies in the Open Innovation Era: A Multi-Dimensional Approach Based On Patent Data and Accounting Metrics

Social capital as the main driver of organizationally valuable innovation

Investigating technological strategy and relevance of knowledge domains in R&D collaborations

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