The moderating effect of environmental uncertainty on the relationship between real options and technological innovation in high-tech firms

Verdu, Antonio J.; Tamayo, Ignacio Martín; Moreno, Antonia Ruíz

doi:10.1016/j.technovation.2012.06.001

Cited by 58 publications

(41 citation statements)

References 88 publications

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“…This arises when an information good has maximum value because of its high degree of abstraction and codification (as in a newly developed genetic or pharmaceutical formulation), but when at the same point of development that value is at risk because of the inherent ease with which structured information can be copied and diffused. The parallel pursuit of alternative applications and markets for the new knowledge may be seen as a way to mitigate this risk (Verdu et al, 2012).…”

Section: Table3 Configurations Of Internationalization Decision Modementioning

confidence: 99%

Decision mode, information and network attachment in the internationalization of SMEs: A configurational and contingency analysis

Child¹,

Hsieh²

2014

Journal of World Business

162

196

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There has been limited attention to the internationalization of SMEs as a decision, and how the application of contrasting decision modes is associated with different information use and patterns of network attachment. This paper offers a new and systematic analysis of the likely associations between decision modes, information use, and network attachment among internationalizing SMEs. The analysis is applied to three categories of SME, identified in terms of their knowledge domain. By focusing on the relation between a relatively neglected subjectdecision modes -and other issues that have been more centre-field, the paper contributes to an analytic synthesis in the field of SME research.

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Section: Table3 Configurations Of Internationalization Decision Modementioning

confidence: 99%

Decision mode, information and network attachment in the internationalization of SMEs: A configurational and contingency analysis

Child¹,

Hsieh²

2014

Journal of World Business

162

196

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“…The power industry is currently challenged by a time of high innovation dynamics and environmental uncertainties (Verdu et al, 2012) with many early-lifecycle technologies evolving and competing (Schilling & Esmundo, 2009;Mowery et al, 2010). Aggressive demands for new power technologies require breakthrough innovation.…”

Section: Discussionmentioning

confidence: 99%

“…An overview of ROA applications and a model to evaluate R&D projects has been suggested by Perlitz et al (1999) and the value of management flexibility with a discussion of different real options in technology investments has been introduced by Yeo & Qiu (2002). It has been shown that the effect of real options on technological innovation moderated by environmental uncertainty is significant (Verdu et al, 2012). Furthermore it has been found that "…Managers applying real options reasoning in their firms perceive the right to make other decisions later that will benefit them and thus aid in technology innovation, especially in situations of environmental uncertainty, defined as the lack of clarity of changes in the environment…" (Verdu et al, p. 586, 2012) and that "…real option reasoning improves flexibility…" (Verdu et al, p. 586, 2012).…”

Section: Introductionmentioning

confidence: 99%

Evaluation of Open Innovation with R&D Alliances for Breakthrough Technologies in the Energy Sector

Hess¹,

Siegwart²

2014

BMR

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In the energy industry, a time of dynamic innovation and uncertainties drives R&D incumbents to extend their technology screening process to the early technology lifecycle. Many early breakthrough technology innovations stem from academia and are developed by academic spin-offs. In these situations an incumbent's future technology organization (FTO), focused on open innovation, needs to expand its evaluation and development capabilities towards R&D alliances with academic technology spin-offs.In the light of the open innovation and real option frameworks this study analyzes R&D projects using the real options analysis (ROA) and discusses the critical decision of whether to develop technology internally or externally. It explores R&D alliances between academic spin-offs and a large power industry player and investigates the concept and role of a FTO in the open innovation process. A model will be introduced to operationalize the FTO concept and practically evaluate the risk of open innovation with R&D alliances for breakthrough technologies. Contrary to the common view that risks increase when open innovation is applied along with external development of a breakthrough technology in R&D alliances, the present study shows that the risks and uncertainties can be mitigated and controlled when applying ROA and the FTO model.

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“…Moreover, superior TIC can accelerate the development of new product developments and adopt new processes in shorter lead time in order to reap the pioneer [15][16][17]. As a result, TIC can help a firm to create more value than its competitors and can receive a greater economic return above the industry average [18]. Facing competitive business environment, firms are required recurring technological innovation to continuously retain their competitiveness and to face new challenges [11,19,20].…”

Section: Introductionmentioning

confidence: 99%

Moderating effect of environmental turbulence on firm’s technological innovation capabilities (TIC) and business performance in the automotive industry in Malaysia: A conceptual framework

Rahim

Zainuddin

2016

MATEC Web Conf.

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Abstract. The dimensions that constitute the technological innovation capabilities (TIC) can be a source to improve business performance. Based on the resource-based view and contingency theory, this paper tries to propose a conceptual model to further understand the moderating role of environmental turbulence in effecting of the firm's TIC on firm's business performance in the automotive industry in Malaysia. This paper then developed into concrete research hypotheses for future studies. The conceptual model will serve to guide further research in the area, which can be expected to contribute in the development of automotive industry in Malaysia. Empirical testing of this proposed model is expected in future study using survey instrument.

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The moderating effect of environmental uncertainty on the relationship between real options and technological innovation in high-tech firms

Cited by 58 publications

References 88 publications

Decision mode, information and network attachment in the internationalization of SMEs: A configurational and contingency analysis

Decision mode, information and network attachment in the internationalization of SMEs: A configurational and contingency analysis

Evaluation of Open Innovation with R&D Alliances for Breakthrough Technologies in the Energy Sector

Moderating effect of environmental turbulence on firm’s technological innovation capabilities (TIC) and business performance in the automotive industry in Malaysia: A conceptual framework

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