Sources of Innovation Revisited: Patterns in Firms' Usage of Internal and External Search

Wenjing Lyu; Neil Thompson; Keld Laursen

doi:10.5465/AMBPP.2022.14221abstract

Sources of Innovation Revisited: Patterns in Firms' Usage of Internal and External Search

Wenjing Lyu, Neil Thompson, Keld Laursen

Institut for Strategi og Innovation

Massachusetts Institute of Technology

Publikation: Bidrag til bog/antologi/rapport › Konferenceabstrakt i proceedings › Forskning › peer review

Abstract

Recent open innovation literature has emphasized external knowledge
search and the use of a diverse set of external innovation sources. But firms
also have a diverse set of internal innovation sources, and we show that there
are distinct patterns across external and internal sources that reflect
differences in how firms create and capture value. Our analysis of the
innovative activities of 256 large firms from seven countries and across seven
industry sectors reveals two distinct innovation search strategies:
"tech-focus," which emphasizes exploration and is associated with
more innovative outcomes, and "market-focus," which emphasizes
exploitation and is associated with higher market value. Finally, we show that
characterizing innovation sourcing as tech-vs.-market better explains differences
in firm performance than traditional measures such as openness

Originalsprog	Engelsk
Titel	Proceedings of the Eighty-second Annual Meeting of the Academy of Management
Redaktører	Sonja Taneja
Antal sider	1
Udgivelsessted	Briarcliff Manor, NY
Forlag	Academy of Management
Publikationsdato	2022
Sider	2146
DOI	https://doi.org/10.5465/AMBPP.2022.14221abstract
Status	Udgivet - 2022
Begivenhed	The Academy of Management Annual Meeting 2022: Creating a Better World Together - Seattle, USA Varighed: 5 aug. 2022 → 9 aug. 2022 Konferencens nummer: 82 https://2022.aom.org/

Konference

Konference	The Academy of Management Annual Meeting 2022
Nummer	82
Land/Område	USA
By	Seattle
Periode	05/08/2022 → 09/08/2022
Internetadresse	https://2022.aom.org/

Navn	Academy of Management Proceedings
ISSN	0065-0668

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Citationsformater

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Lyu, W, Thompson, N & Laursen, K 2022, Sources of Innovation Revisited: Patterns in Firms' Usage of Internal and External Search. i S Taneja (red.), Proceedings of the Eighty-second Annual Meeting of the Academy of Management . Academy of Management, Briarcliff Manor, NY , Academy of Management Proceedings, s. 2146, The Academy of Management Annual Meeting 2022, Seattle, Washington, USA, 05/08/2022. https://doi.org/10.5465/AMBPP.2022.14221abstract

Sources of Innovation Revisited: Patterns in Firms' Usage of Internal and External Search. / Lyu, Wenjing; Thompson, Neil; Laursen, Keld.
Proceedings of the Eighty-second Annual Meeting of the Academy of Management . red. / Sonja Taneja. Briarcliff Manor, NY : Academy of Management, 2022. s. 2146 (Academy of Management Proceedings).

Publikation: Bidrag til bog/antologi/rapport › Konferenceabstrakt i proceedings › Forskning › peer review

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