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
Original language | English |
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Title of host publication | Proceedings of the Eighty-second Annual Meeting of the Academy of Management |
Editors | Sonja Taneja |
Number of pages | 1 |
Place of Publication | Briarcliff Manor, NY |
Publisher | Academy of Management |
Publication date | 2022 |
Pages | 2146 |
DOIs | |
Publication status | Published - 2022 |
Event | The Academy of Management Annual Meeting 2022: Creating a Better World Together - Seattle, United States Duration: 5 Aug 2022 → 9 Aug 2022 Conference number: 82 https://2022.aom.org/ |
Conference
Conference | The Academy of Management Annual Meeting 2022 |
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Number | 82 |
Country/Territory | United States |
City | Seattle |
Period | 05/08/2022 → 09/08/2022 |
Internet address |
Series | Academy of Management Proceedings |
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ISSN | 0065-0668 |