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Firms’ innovation objectives and knowledge acquisition strategies

Roper, Stephen; Becker, Bettina; Love, James H.; Bonner, Karen

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Authors

Stephen Roper

James H. Love

Karen Bonner



Abstract

External partnerships play an important role in firms’ acquisition of the knowledge inputs to innovation. Such knowledge acquisition may be interactive - involving exploration and mutual learning - or non-interactive - involving exploitative activity and learning by only one party. Here, we consider how firms’ innovation objectives influence their choice of interactive and/or non-interactive knowledge search. We conduct a comparative analysis for Spain and the UK, which have contrasting innovation eco-systems and regulation burdens. Three empirical results emerge. First, we find strong support for complementarity between non-interactive and interactive knowledge search. Second, we find that where firms have innovation objectives relating to product or service improvement, they are more likely to establish non-interactive search strategies. Third, the innovation objective of reducing environmental impact is significantly related to both, interactive and non-interactive knowledge acquisition strategies. This is likely related to the increasing awareness of the need to promote an agenda based on sustainable growth.

Citation

Roper, S., Becker, B., Love, J. H., & Bonner, K. (2022). Firms’ innovation objectives and knowledge acquisition strategies. International Journal of Innovation Management, 26(4), Article 2250025. https://doi.org/10.1142/s1363919622500256

Journal Article Type Article
Acceptance Date May 23, 2022
Online Publication Date Jul 6, 2022
Publication Date 2022-05
Deposit Date May 23, 2022
Publicly Available Date Jul 6, 2023
Journal International Journal of Innovation Management
Print ISSN 1363-9196
Electronic ISSN 1757-5877
Publisher World Scientific Publishing
Peer Reviewed Peer Reviewed
Volume 26
Issue 4
Article Number 2250025
DOI https://doi.org/10.1142/s1363919622500256
Public URL https://durham-repository.worktribe.com/output/1207794

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