Firm’s strategic choices and network knowledge dynamics: how do they affect innovation?



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Belso Martínez, José Antonio and Díez Vial, Isabel (2018) Firm’s strategic choices and network knowledge dynamics: how do they affect innovation? Journal of Knowledge Management, 22 (1). pp. 1-20. ISSN 1367-3270

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Purpose – This paper aims to explain how the evolution of knowledge networks and firms’ strategic choices affect innovation. Endogenous factors associated with a path-dependent evolution of the knowledge network are jointly considered with a firm’s development of international relationships and increasing internal absorptive capacity over time.
Design/methodology/approach – In a biotech cluster, the authors gathered data on the firms’ characteristics and network relationships by asking about the technological knowledge they received in the cluster in 2007 and 2012 – “roster-recall” method. Estimation results were obtained using moderated regression analysis.
Findings – Firms that increase their involvement in knowledge networks over time also tend to increase their innovative capacity. However, efforts devoted to building international links or absorptive capacity negatively moderate the impact of network growth on innovation.
Practical implications – Practitioners have two alternative ways of increasing innovation inside knowledge networks: they can increase their centrality by developing their knowledge network interactions or invest in developing their internal absorptive capacity and new international sources of knowledge. Investing in both of these simultaneously does not seem to improve a firm’s innovative capacity.
Originality/value – Coupling firms’ strategic options with knowledge network dynamics provide a more complete way of explaining how firms can improve their innovative capacity.

Item Type:Article
Uncontrolled Keywords:Innovation; Network analysis; Knowledge management; Agglomeration
Subjects:Social sciences > Economics > Business enterprises
Social sciences > Economics > Marketing
ID Code:60629
Deposited On:25 May 2020 08:50
Last Modified:12 Jan 2022 09:24

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