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Innovation Strategies Combining Internal and External Knowledge

Author

Listed:
  • Johansson, Börje

    (Jönköping International Business School (JIBS), Centre of Excellence for Science and Innovation Studies (CESIS) & Royal Institute of Technology (KTH))

  • Lööf, Hans

    (Centre of Excellence for Science and Innovation Studies (CESIS) & Royal Institute of Technology (KTH))

Abstract

We introduce a framework for analyzing renewal efforts of firms with distinct categories of innovation and adoption strategies, comprising a firm’s development off its internal knowledge, its access to local knowledge sources and its access to global knowledge sources. A fundamentall aspect is the formation and maintenance of the firm’s renewal capabilities. In this way the analysis provide an explanation of remaining heterogeneity among firms belonging to the same industry such that one group performs above average for long sequences of time, whereas others continue to pperform below average. The analysis applies Swedish data when presenting alternative approaches to provide empirical support in favour of the outlined model of how long-run firm performance associates with each firm’s sustained efforts to combine interal and external knowledge sources.

Suggested Citation

  • Johansson, Börje & Lööf, Hans, 2016. "Innovation Strategies Combining Internal and External Knowledge," Working Paper Series in Economics and Institutions of Innovation 436, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    • Handle: RePEc:hhs:cesisp:0436
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    References listed on IDEAS

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    More about this item

    Keywords

    Adoption; Innovation; Innovation outcome; Knowledge sources and networks; Combined internal and external knowledge;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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