Balancing your technology-sourcing portfolio: How sourcing mode diversity enhances innovative performance
Strategic Management Journal , Volume 34 - Issue 5 p. 610- 621
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.
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|Strategic Management Journal|
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van de Vrande, V.J.A. (2013). Balancing your technology-sourcing portfolio: How sourcing mode diversity enhances innovative performance. Strategic Management Journal (Vol. 34, pp. 610–621). doi:10.1002/smj.2031