Balancing your technology-sourcing portfolio: How sourcing mode diversity enhances innovative performance
With external innovation becoming more and more important, many firms struggle with the question of how to balance their technology-sourcing portfolio. This study addresses this issue by looking at the effects of portfolio diversity on performance outcomes and the conditions under which diversity is most likely to materialize. Using a dataset of strategic investments by pharmaceutical firms, the results show that the variance in relative technological proximity between the focal firm and its partners exhibits an inverted U-shaped relationship with innovative performance and that this relationship is affected by the diversity of the external sourcing modes used in the portfolio.
|Keywords||Diversity, External technology sourcing, Innovation, Sourcing portfolios, Technological proximity|
|Persistent URL||dx.doi.org/10.1002/smj.2031, hdl.handle.net/1765/38043|
van de Vrande, V.J.A.. (2012). Balancing your technology-sourcing portfolio: How sourcing mode diversity enhances innovative performance. Strategic Management Journal, 2012, 1–12. doi:10.1002/smj.2031