Does External Knowledge Acquisition aid Innovation Performance in Firms?

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F19%3A39915184" target="_blank" >RIV/00216275:25410/19:39915184 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.34190/KM.19.241" target="_blank" >http://dx.doi.org/10.34190/KM.19.241</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.34190/KM.19.241" target="_blank" >10.34190/KM.19.241</a>

Result language

angličtina

Original language name

Does External Knowledge Acquisition aid Innovation Performance in Firms?

Original language description

Knowledge management has been touted to help firms achieve high innovative performance hence it has become an entrenched managerial activity due to the changing perspective of what makes a firm more competitive over its competitors. Due to improvement in technology and increased contact due to globalization, access to and possession of discrete information by firms help to sustain firm absorptive capacity. It may also serve as enabler for distinctive firm positioning which provides benefit to the firm. The pool of knowledge within the firm when is inimitable helps the firm to engage in much innovative activities because the firm will possess both tacit and codified knowledge which other competitors do not have. Some scholars have found that it is more beneficial for firms to seek external knowledge if they aim at introducing new products into the market because the firm cannot produce all the knowledge it needs. This paper seeks to ascertain whether seeking solely external knowledge is determinant for firm’s new product introduction in some selected countries in the transition knowledge economies. In the light of the foregoing aim, a logistics regression model has been used employing data from the Harmonized European Union Community Innovative Survey 2012-2014 for the empirical analysis. Our results show that in as much as firm’s acquisition of external knowledge aids in introducing new product into the market, firm’s internal research activities and professional knowledge management as well provide the firm with the opportunity to introduce new product. In contrast, the empirical results found cases where sourcing for external knowledge had no significant effect on firm’s introduction of new product and services. For the management of knowledge in the firm, we argue that since not all the firm’s knowledge could be purchased due to the long-term cost associated with it, it is imperative for management to help stimulate employee knowledge sharing atmosphere through collaborative working environment.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2019

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of the European Conference on Knowledge Management, ECKM

ISBN

978-1-912764-32-7

ISSN

2048-8963

e-ISSN

2048-8971

Number of pages

9

Pages from-to

449-457

Publisher name

Academic Conferences and Publishing International

Place of publication

Reading

Event location

Lisabon

Event date

Sep 5, 2019

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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