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Enhancing Competitiveness through Strategic Knowledge Sharing as a Driver of Innovation Capability and Performance

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  • Simon S. M. Yuen

    (College of Professional and Continuing Education, The Hong Kong Polytechnic University, Kowloon, Hong Kong)

  • H. Y. Lam

    (Department of Supply Chain and Information Management, The Hang Seng University of Hong Kong, Shatin, Hong Kong)

Abstract

In an era marked by global challenges, for example, the COVID-19 pandemic, the pharmaceutical sector stands at the forefront of innovation, tasked with delivering therapeutic breakthroughs at an unprecedented pace. This study ventures beyond the well-trodden path by probing the intricate dynamics of knowledge sharing as a strategic catalyst for bolstering innovation capability and performance (ICP) within pharmaceutical firms. We argue that knowledge sharing transcends conventional utility, acting as a pivotal lever that amplifies innovation within a highly regulated and competitive landscape. Through meticulous analysis, we unearth a nuanced synergy among six pivotal domains—organizational culture, managerial commitment, technological infrastructure, trust, reciprocal benefits, and knowledge dissemination. Our research model, anchored in a robust body of literature, reveals that while these elements individually support ICP, their collective orchestration through knowledge-sharing networks yields a magnified impact on innovation outcomes. We present novel insights illustrating that the interplay between these domains and knowledge-sharing practices engenders a fertile ecosystem for innovation, where diverse stakeholders contribute to richer, more robust ICP. Our findings underscore the strategic imperative for pharmaceutical firms to cultivate an integrated knowledge-sharing culture, not merely as good practice but as a cornerstone for sustained innovation and competitive superiority in a rapidly evolving industry.

Suggested Citation

  • Simon S. M. Yuen & H. Y. Lam, 2024. "Enhancing Competitiveness through Strategic Knowledge Sharing as a Driver of Innovation Capability and Performance," Sustainability, MDPI, vol. 16(6), pages 1-19, March.
  • Handle: RePEc:gam:jsusta:v:16:y:2024:i:6:p:2460-:d:1357876
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    References listed on IDEAS

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    1. Richard, Orlando C. & McMillan-Capehart, Amy & Bhuian, Shahid N. & Taylor, Edward C., 2009. "Antecedents and consequences of psychological contracts: Does organizational culture really matter?," Journal of Business Research, Elsevier, vol. 62(8), pages 818-825, August.
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