TY - JOUR
T1 - The impact of the openness of firms' external search strategies on exploratory innovation and exploitative innovation
AU - Tang, Mingfeng
AU - Xu, Peng
AU - Llerena, Patrick
AU - Jahanshahi, Asghar Afshar
N1 - Publisher Copyright:
© 2019 by the authors.
PY - 2019/9/1
Y1 - 2019/9/1
N2 - 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' external search strategies (external search breadth and external search depth) affects firms' 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' innovation capabilities on the type of innovation (exploratory innovation vs. exploitative innovation). This study also provides important managerial insights for manufacturing companies.
AB - 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' external search strategies (external search breadth and external search depth) affects firms' 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' innovation capabilities on the type of innovation (exploratory innovation vs. exploitative innovation). This study also provides important managerial insights for manufacturing companies.
KW - Exploitative innovation
KW - Exploratory innovation
KW - External search
KW - Innovation capability
KW - Sustainable competitive advantage
KW - Sustainable economic growth
UR - http://www.scopus.com/inward/record.url?scp=85072609066&partnerID=8YFLogxK
U2 - 10.3390/su11184858
DO - 10.3390/su11184858
M3 - Article
AN - SCOPUS:85072609066
SN - 2071-1050
VL - 11
JO - Sustainability (Switzerland)
JF - Sustainability (Switzerland)
IS - 18
M1 - 4858
ER -
