Winning combinations: search strategies and innovativeness in the UK

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Title: Winning combinations: search strategies and innovativeness in the UK
Author(s): Criscuolo, P
Laursen, K
Reichstein, T
Salter, A
Item Type: Journal Article
Abstract: Searching for the most rewarding sources of innovative ideas remains a key challenge in management of technological innovation. Yet, little is known about which combinations of internal and external knowledge sources are triggers for innovation. Extending theories about searching for innovation, we examine the effectiveness of different combinations of knowledge sources for achieving innovative performance. We suggest that combinations involving integrative search strategies – combining internal and external knowledge – are the most likely to generate product and process innovation. In this context, we present the idea that cognitively distant knowledge sources are helpful for innovation only when used in conjunction with knowledge sources that are closer to the focal firm. We also find important differences between product and process innovation, with the former associated with broader searches than the latter. Using a large-scale pooled sample of UK firms, we find overall support for our conjectures, particularly in terms of product innovation.
Publication Date: 18-Jul-2017
Date of Acceptance: 9-Feb-2017
URI: http://hdl.handle.net/10044/1/51982
DOI: https://dx.doi.org/10.1080/13662716.2017.1286462
ISSN: 1366-2716
Publisher: Taylor & Francis (Routledge)
Start Page: 115
End Page: 143
Journal / Book Title: Industry and Innovation
Volume: 25
Issue: 2
Copyright Statement: This is an Accepted Manuscript of an article published by Taylor & Francis Group in Industry and Innovation on 18 July 2017, available online at: http://www.tandfonline.com/10.1080/13662716.2017.1286462
Keywords: Social Sciences
Economics
Management
Business & Economics
Innovation
openness
innovation search
knowledge integration
innovative performance
O30
O31
O32
RESEARCH-AND-DEVELOPMENT
KNOWLEDGE-BASED THEORY
ABSORPTIVE-CAPACITY
MANUFACTURING FIRMS
PRODUCT DEVELOPMENT
SECTORAL PATTERNS
EMPIRICAL-TEST
LOCAL SEARCH
EXPLORATION
TECHNOLOGY
1503 Business And Management
Business & Management
Publication Status: Published
Embargo Date: 2019-01-18
Appears in Collections:Imperial College Business School



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