Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 497453
Title Profiting from external knowledge: the impact of different external knowledge acquisition strategies on innovation performance
Author(s) Wubben, E.F.M.; Batterink, M.H.; Kolympiris, C.; Kemp, R.G.M.; Omta, S.W.F.
Source International Journal of Technology Management 69 (2015)2. - ISSN 0267-5730 - p. 139 - 165.
Department(s) Management Studies
Publication type Refereed Article in a scientific journal
Publication year 2015
Keyword(s) licensing-in, inter-organisational collaboration, mergers and acquisitions, M&amp, #38, A, longitudinal study, knowledge acquisition, innovation performance, technology management, external knowledge, knowledge exploration, knowledge exploration, The Netherlands, radical innovation, incremental innovation
Abstract Innovation is key to company growth, but hinges on timely access to new knowledge. Individual companies have difficulty pursuing innovation and acquiring the knowledge they need on their own. Companies therefore resort to various governance modes (licensing-in, collaborations, mergers and acquisitions, etc.) that suit the preferred innovation trajectories. We expect governance modes directed at knowledge exploration to generate long-term, radical innovations, and governance modes aimed at knowledge exploitation to generate short-term, incremental innovations. Employing data from two Dutch community innovation surveys, we indeed discovered that companies that license in technology tend to produce more incremental innovations. We also found a strong positive correlation between inter-organisational collaboration and both long-term and short-term innovation. Finally, we concluded that M&As have a major impact on the production of long-term radical innovations.
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