Searching for innovation: Product, process, and business model innovations and search behavior in established firms
By Yuliya Snihur, Jonas Wiklund. Long range planning, 2019
205 citations recorded by the source corpus.
Abstract Prior research indicates that search practices are an important part of the innovation process. But where established firms search for different innovation types is not clear. Drawing on knowledge-based theory of innovation and using state-of-the-art statistical techniques (copula with Bayesian inference), we find that established firms predominantly rely on several external sources (broad external search) when introducing new business models, on internal and external sources with high intensity (deep search) when innovating processes, and on broad and deep external search when innovating products. We explain that broad external search is important for business model innovation (BMI) because increased exploration is needed when introducing new business models that rely on general rather than specialized technical or tacit business knowledge. We contribute to the innovation and business model literatures by nuancing the differences between innovation types (BMI, product, and process innovation) and the associated search behavior. It is important to consider these differences because they give us clues to understand how established firms can explore unfamiliar territories through BMI.
Subfields: Economics and Econometrics, Management Science and Operations Research, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/045184c5949473a7c39ea3f0afcf449e7a4df152
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Citations in the corpus
- Identifying Digital Transformation Paths in the Business Model of SMEs during the COVID-19 Pandemic (2020, background): “The aim is either diversification or to make this new model a substitute for existing business models that are starting to fade [14].”
- Do political connections matter for firm innovation? Evidence from emerging markets in Central Asia and Eastern Europe (2020, background): “we still do not know exactly how they affect innovation across firms, industries, and national boundaries (Baregheh et al. 2009; Kotabe et al. 2017; Snihur and Wiklund, 2018).”