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The impact of digital and non-digital knowledge search channels on innovation failure in constrained learning environments

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  • Stojcic, Nebojsa
  • Chidlow, Agnieszka (Aggie)

Abstract

We investigate the impact of digital and non-digital knowledge search channels on the likelihood of innovation failure among knowledge-creating, knowledge-using and non-innovative firms in emerging innovation systems. Our results show that digital search channels reduce the risk of innovation failure exclusively for knowledge-creating firms, emphasising the importance of internal capabilities in knowledge absorption. These channels allow firms to overcome the limitations of local markets and access distant knowledge resources more cost-effectively. The study extends the literature on innovation failure by emphasising the role of Internet-based technologies in facilitating the flow of knowledge between firms and their external environment. It improves our understanding of how context influences innovation outcomes and provides evidence-based insights for the development of innovation strategies, especially in environments where learning opportunities are scarce and the shift towards innovation-driven competitiveness is a priority on the policy agenda.

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  • Stojcic, Nebojsa & Chidlow, Agnieszka (Aggie), 2024. "The impact of digital and non-digital knowledge search channels on innovation failure in constrained learning environments," Technological Forecasting and Social Change, Elsevier, vol. 209(C).
    • Handle: RePEc:eee:tefoso:v:209:y:2024:i:c:s0040162524006139
    DOI: 10.1016/j.techfore.2024.123815
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    More about this item

    Keywords

    Innovation failure; Knowledge use; Knowledge creation; Knowledge acquisition; Digital technologies;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O36 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Open Innovation

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