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Technology in-sourcing and the Creation of Pioneering Technologies

Van de Vrande, Vareska J.A.
Vanhaverbeke, Wim
Duysters, Geert
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Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2011
Journal
Journal of Product Innovation Management
Book
Publication Volume
28
Publication Issue
Publication Begin page
974
Publication End page
987
Publication Number of pages
Abstract
In this paper we analyze the effect of different external technology sourcing modes on the creation of radical innovation in companies. Moreover, since prior research has indicated that exploration consists of looking beyond both organizational and technological boundaries, we also include the role of technological distance between the partnering firms as well as the role of technological newness. In particular, we examine how they affect the relationship between external technology sourcing and the creation of pioneering technologies (technologies that do not build on any existing technologies), which are used as a proxy for radical innovations. The results indicate that strategic alliances and corporate venture capital investments have a positive effect on the generation of pioneering technologies, whereas the effect of M&As is found to be negative. Additionally, the impact of these governance modes on the creation of pioneering technology is indeed affected by the spanning of technological boundaries.
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Keywords
Innovation Management & Entrepreneurship, Innovation Management, Entrepreneurship
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