The Impact of the Openness of Firms’ External Search Strategies on Exploratory Innovation and Exploitative Innovation
| Autor: | Peng Xu, Patrick Llerena, Asghar Afshar Jahanshahi, Ming Feng Tang |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
exploitative innovation
Geography Planning and Development TJ807-830 sustainable economic growth Management Monitoring Policy and Law TD194-195 Competitive advantage Renewable energy sources innovation capability 0502 economics and business Openness to experience GE1-350 Human resources Industrial organization Environmental effects of industries and plants Renewable Energy Sustainability and the Environment business.industry 05 social sciences Environmental sciences Capital (economics) external search Manufacturing firms Survey data collection 050211 marketing Business exploratory innovation sustainable competitive advantage 050203 business & management |
| Zdroj: | Sustainability, Vol 11, Iss 18, p 4858 (2019) Sustainability Volume 11 Issue 18 |
| ISSN: | 2071-1050 |
| Popis: | Innovation activities of private firms are crucial for sustainable economic growth in every society. Therefore, the majority of firms around the world spend large amounts of capital (money, time, and human resources) in searching for novel innovative opportunities in the marketplace. In our study, we sought to understand how the openness of firms&rsquo external search strategies (external search breadth and external search depth) affects firms&rsquo innovation capabilities as measured by awareness, decision-making, interpretation, and implementation capability. Furthermore, using survey data collected from 112 Chinese manufacturing firms over a six-month period, this study conducted an empirical analysis about the association between firms&rsquo innovation capabilities on the type of innovation (exploratory innovation vs. exploitative innovation). This study also provides important managerial insights for manufacturing companies. |
| Databáze: | OpenAIRE |
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