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Journal ArticleDOI

The dynamics of product innovation and firm competences

Erwin Danneels
- 01 Dec 2002 - 
- Vol. 23, Iss: 12, pp 1095-1121
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TLDR
This study examines how product innovation contributes to the renewal of the firm through its dynamic and reciprocal relation with the firm's competences through field research in five high-tech firms of varying age, size, and level of diversification.
Abstract
This study examines how product innovation contributes to the renewal of the firm through its dynamic and reciprocal relation with the firm's competences Field research in five high-tech firms of varying age, size, and level of diversification is combined with analysis of existing theory to develop the findings of the study Based on the notion that new products are created by linking competences relating to technologies and customers, a typology is derived that classifies new product projects based on whether a new product can draw on existing competences, or whether it requires competences the firm does not yet have Following organizational learning theory, these options are conceptualized as exploitation and exploration These organizational learning concepts are used to gain a dynamic and path-dependent view of product innovation and firm development, and to reveal the unique nature and challenges of different types of product innovation Copyright © 2002 John Wiley & Sons, Ltd

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The Influence of Intellectual Capital on the Types of Innovative Capabilities

TL;DR: In this paper, the authors examined how aspects of intellectual capital influenced various innovative capabilities in organizations and found that human, organizational, and social capital and their interrelationships selectively influenced incremental and radical innovative capabilities.
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Organizational Ambidexterity: Antecedents, Outcomes, and Moderators

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Exploratory Innovation, Exploitative Innovation, and Performance: Effects of Organizational Antecedents and Environmental Moderators

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Dynamic capabilities: A review and research agenda

TL;DR: In this paper, a research model is developed encompassing antecedents and consequences of dynamic capabilities in an integrated framework, and several issues surrounding its conceptualization remain ambivalent, and the authors identify three component factors which reflect the common features of dynamic capability across firms and which may be adopted and further developed into a measurement construct in future research.
Journal ArticleDOI

Exploratory Innovation, Exploitative Innovation, and Performance: Effects of Organizational Antecedents and Environmental Moderators

TL;DR: In this paper, the authors examined how environmental aspects (i.e., dynamism and competitiveness) moderate the effectiveness of exploratory and exploitative innovation and found that exploratory innovation is more effective in dynamic environments, whereas exploiting competitive environments is more beneficial to a unit's financial performance.
References
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Portfolio Management for New Products (Управление портфелем новых продуктов)

TL;DR: In this article, the authors present a rigorous and practical approach to managing a company's product portfolio as you would a financial portfolio-investing for maximum long-term growth, with a field-tested, step-by-step framework.
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Asset redeployment, acquisitions and corporate strategy in declining industries

TL;DR: In this article, the authors examine the differences in performance outcomes between diversification-oriented and consolidation-oriented acquisitions in industries within the defense sector, which have experienced significant decline and find a positive relationship between focus and Tobin's q, even when the industry is in decline.
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Technological Lockout: An Integrative Model of the Economic and Strategic Factors Driving Technology Success and Failure

TL;DR: In this paper, the authors build a model of these factors by integrating economics, strategy, and marketing research, and the model yields important implications for the strategic development and deployment of technology.
Journal ArticleDOI

The Contingency Value of Complementary Capabilities in Product Development

TL;DR: The authors conclude that the most valuable characteristic of firm capabilities may be their ability to serve as flexible strategic options, in this role, firms can deploy them in ways consistent with environmental forces.
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Trending Questions (1)
How do firms identify and prioritize innovation domains based on trends in customer needs?

Firms identify and prioritize innovation domains by linking competences to technologies and customers, categorizing projects as exploitation or exploration, and seeking input from new customers for competence development.