Acquisition Innovation Research Articles

Does News Media Affect Firm Innovation in Emerging Markets? Evidence from China

We examine whether and how news coverage affects innovation using an extensive collection of more than 188,000 firm‐specific press articles written by journalists from the most influential Chinese newspapers. We find that news coverage has a positive impact on firm innovation outputs. This positive effect is more pronounced for firms with weak internal governance and external monitoring, opaque corporate disclosure, high R&D intensity, and limited access to financing for innovation, for news articles that are related to innovation and corporate governance, and for news articles that are issued by news media that are subject to less political intervention and by socially unconnected news media. Our analysis of firm innovation strategies shows that the increased innovation outputs are a result of an increase in in‐house R&D investment and innovation efficiency, rather than acquisition of innovation from external channels that can quickly increase quantifiable innovation outputs. We also find that news coverage reduces analyst earnings forecast dispersion and insiders’ tunnelling of corporate resources and managerial perks, while increasing firms’ investor base. Overall, our research provides new insights into the role of the news media in firm innovation in an emerging market, especially when firms have a poor information environment and corporate governance mechanisms, and when news coverage has high informativeness and independence.

The Impact of Knowledge Acquisition on Technical and Administrative Innovation: Case of Tunisian Companies

In our complex and rapidly changing environment, personal knowledge is enriched and has become more effective in the collective bargaining process, thereby creating social capital. The combination of individual knowledge in collective wisdom is the key to innovation, which is considered a major social and human phenomenon. By deepening our reasoning, this social and human dimension gives sustainability to any company. This organizational capacity proves to be crucial because possessing knowledge confers a substantial advantage. It is the ability to mobilize and deploy them that will produce value. This research makes it possible to analyze the relationship between the acquisitions of knowledge with innovation within Tunisian organizations. In order to determine this relationship, a quantitative method was adopted. The results reveal the existence of a significant influence between the acquisition of knowledge and administrative innovation.

EFFECTIVE DIGITAL LEADERSHIP: A PANACEA FOR EMPLOYEES MOTIVATION

This paper examined how effective digital leadership can motivate the employees and focused on the effectiveness of digital leadership on employees motivation. Digital leadership is the process of utilizing digital technologies to attain the desired organizational goals. This includes the acquisition of digital skills, abilities, strategy, innovation and change in management. Digital leaders need to understand the trend in digital technologies and how they can be used to achieve needed goals. The knowledge in digital technology adopt the strategies that can help in motivating the employees which will in turn propel their commitment towards the achievement of organizational goals and the sustainability, growth and productivity of any organization cannot be attained without the employees contribution. Therefore it becomes imperative that the employees must be motivated. Digital leadership can inspire effective communication, foster development of a solid school system, encourages digital literacy and helps to develop the ability to delegates’ responsibilities to subordinates. The study therefore recommends the following: employees should be encouraged to be digital technology compliance, good performance should be rewarded, and the welfare and development of the employees should be paramount.

How the “Absorption Processes” of Urban Innovation Contribute to Sustainable Development—A Fussy Set Qualitative Comparative Analysis Based on Seventy-Two Cities in China

The goals and transformation of sustainable urban development require fundamental innovation; however, urban innovation is a cyclical process, the paradigm of innovation itself needs to be dramatically transformed, and all innovation key elements need to be coordinated with each other to achieve sustainable urban outputs. Based on this, this paper uses the absorptive capacity theory to construct a model of the relationships between the acquisition dimension, digestion dimension, conversion dimension, utilization dimension, and sustainable development in the innovation process of smart cities and uses the fuzzy set qualitative comparative analysis (FSQCA) method to investigate the configuration mechanism in depth to show how the innovation process of these cities affects their sustainable development, taking the top 72 cities in China in terms of innovation capacity in 2020 as the research objects. The results of the study form three complex configuration paths that affect sustainable urban development, centered on the transformation of technological achievements, innovation management drive, and smart cities, and reveal that the economic and market foundations as the dimensions of urban innovation acquisition are not the core conditions for sustainable urban development. Based on this, this study develops a configuration classification for innovative cities that can achieve sustainable development, i.e., industrial paths, governance paths, and technology paths, and proposes strategic directions for sustainable urban innovation development.

Keeping Up with the Technologies: Distressed Journalistic Labor in the Pursuit of “Shiny” Technologies

ABSTRACT Journalism has taken a technological turn, as reflected in industry narratives that suggest innovation is key to a strong financial future. This pursuit of technological innovation is consistent with Bourdieu’s field theory, which suggests the journalistic field wants to re-assert its power and ward off threats from neighboring fields by increasing cultural capital through the acquisition of technological expertise and innovation. This study examined how journalists have responded to the push for technological upskilling. Based on a survey of 226 U.S. journalists, we found that some emerging technologies are not utilized as often and are not as highly valued as industry narratives suggest. Journalists were most motivated to learn new technologies to improve their employability; yet, they found it hard to keep up. Journalists also believed traditional skills, such as writing and interviewing, were more important to their jobs than digital technology skills. This study thus builds on research suggesting a gap exists between discourse emphasizing technology as a savior of the industry’s future, and the day-to-day practices of most journalists. We find a need to more critically reflect upon the realities of technology adoption and use and their connection to journalism's mission.

Innovation in emergency medicine. a perspective from a low middle income country- Pakistan

Creativity and innovation are essential life skills in the 21st century. These skills are even more important in the healthcare sector of a resource limited country like Pakistan. The acquisition and implementation of innovation is necessary in the field of emergency medicine in Pakistan to troubleshoot challenges like rising emergency room visits while facing lack of resources. This article highlights the need of innovation in the field of emergency medicine and some of the activities that took place in our local context to bring innovation to the surface.

Fast or Furious? Acquisition of Innovation on Product Recall in High- Technology Industries

Externally acquired new technology is an important resource in innovation and new product development in high-technology industries. Although the importance of balancing between external acquisition and internal development has been well documented, there has been little empirical research on the impact of an acquisition decision on new product development and its management. Are there any negative impacts of acquisitions made to obtain new innovative products from the external market? Do acquiring firms have thorough understandings of the technological features of the new products they acquire? Applying firm- and product-level analyses regarding acquisitions and product recalls in the U.S. medical device industry, we find evidence that a firm that engages in more acquisition activity experiences more product recall incidents but that the quality failure is more common when the acquiring firm is larger and when their investments in R&D are larger. Moreover, our data shows that a new product from an acquired firm is more likely to have product defects but that the hazard of product recall decreases when the technology domain of the acquirer and the target is the same. In addition, the resolution of product recall takes more time when the product is obtained via acquisitions.

The synergetic effect of knowledge management and business model innovation on firm competence

Purpose The purpose of this paper is to provide a systematic review of the linkage between knowledge management, business model innovation and firm competence. The study attempts to summarize a few important and essential issues which future research should address. Design/methodology/approach Researchers have conducted an extensive review of the literature covering 50 journals from various databases like Scopus, ProQuest and Emerald. A total of 88 articles from 1997 to 2018 on knowledge management and business model innovation were selected and analyzed. Findings The study found that the integration of knowledge management and business model innovation leads to a sustainable competitive advantage. The relationship between knowledge management, business model innovation and firm competence seems to be fragmented because of various meaning and conceptualizations. The study endeavors to examine the relationship between the dimensions (knowledge acquisition, knowledge conversion, knowledge dissemination, knowledge application and knowledge reuse) of knowledge management and business model innovation (value proposition, assets and capabilities, revenue and cost architecture and actors in business networks). The study highlights that chief knowledge officers have a vital role to play in enhancing knowledge management orientation of a company so that knowledge regarding new ways of value creation and value capture is heard within an organization. Research limitations/implications This study provides a distribution schema of knowledge management and business model innovation articles based on different search criteria by highlighting different future research avenues. The study is believed to serve as a basis and be a valuable tool for researchers to understand the current and future scenarios about knowledge management and business model innovation. Researchers also acknowledge the limitations of this study with regard to exclusive search criteria, which might affect its generalizability. Practical implications The study argues that better knowledge sharing between departments could benefit value creation and therefore drive the organization toward business model innovation which would automatically boost firm competence. The study has made an attempt to highlight the role of Chief Knowledge Officer with regard to business model innovation. Therefore, the proposed model developed in this review will help the organization to better understand the role of knowledge management and business model innovation. Originality/value This is one of the first systematic reviews of knowledge management and business model innovation which provides a detailed understanding of the past and future research on the two.

Playing a double game? Pursuing innovation through ambidexterity in an international acquisition program from the Arabian Gulf Region

Acquisitions represent a strategy for enhancing competitive responsiveness in the global management of technology and innovation. Even more than single and domestic acquisitions, cross‐border acquisition programs present opportunities for firms seeking to sustain innovation. Yet, scant attention has been paid to the innovation dynamics of pursuing multiple, international acquisitions. We remedy this gap by investigating a multinational logistics firm enacting a multi‐decade program of cross‐border, technology intensive acquisitions and achieving dual competencies in (1) innovation and ambidexterity, (2) the exploration and exploitation capabilities of ambidexterity, and (3) tight and loose integration approaches. We determine that the firm relied on contextual, temporal, and structural manifestations of ambidexterity in acquisition integration. Findings illuminate the processual nature of an international acquisition program and suggest how ambidexterity benefits the acquisition of both innovation and innovative capabilities, when a firm applies a portfolio of tight‐to‐loose integration approaches.

Information technology capabilities and organizational agility

PurposeCurrently, it is commonly accepted that information technology capabilities (ITC) positively influence organizational agility. Nevertheless, studies have recently started to demonstrate that different organizational factors mediate this relation under the controvertible assumption that companies are capable of responding quickly to market changes using their IT in combination with other internal resources. Therefore, companies have given very little attention to collaborative work with external partners. The purpose of this study is to analyze the mediating effects of the acquisition and exploitation capabilities of open innovation on the information technology capabilities – organizational agility relationship.Design/methodology/approachStructural equation modeling was used to test the proposed model with survey data from a multinational corporation that operates in South American emerging economies in the pension and savings businesses.FindingsThis study found that only the open innovation capability of exploitation has a partial mediating effect. This means that this organizational ability serves as a bridge so that IT capabilities can have a positive incidence on organizational agility.Originality/valueThis paper adopts a more novel study focus that emphasizes the importance of collaborative work and of the use of external resources that are implicit in open innovation capability. On the other hand, this organizational ability implies external embeddedness, which is usually approached mainly from the network theory in the international business literature; however, this study offers a more interesting study focus in which externally oriented organizational abilities such as open innovation are more important for external embeddedness than are the size and quality of the external network.

Silicon Valley Venture Capitalist Confidence Indexx

Silicon Valley Venture Capitalist confidence in the Bay Area entrepreneurial environment rose in the final quarter of 2017. The upward change in direction of sentiment was levered to increasing amounts of available funding to support entrepreneurs working to introduce breakthrough technologies that aim to transform industries and change the trajectory of business. Macroeconomic metrics, particularly those tied to recent changes in corporate tax policy, also suggest a dynamic business environment where more corporate resources may be deployed to the development and acquisition of innovation. Record public stock market valuations also provide corporations a richer share currency to acquire innovation, thus providing additional exit opportunities and incentives for entrepreneurs and their venture capital backers.

Facilitating the "Elite" in innovation acquisition

Innovation is a term that features in more than 40 000 web searches. Innovation is often confused with other terms such as creativity. Scott (2012) maintains that creativity is only part of the process of innovation. Educating the youth for tomorrows' world requires harnessing innovative measures where theoretical concepts are woven into the practical every-day (Newnham, 2015; Virkkunen, Newnham, Nleya & Engeström, 2012; Miettinen, 2005, 2009) and that of our tomorrow land. Christensen and Overdorf (2000) developed the concept of disruptive innovations. They state that disruptive innovations are derived from disruptive technologies. Disruptive innovations are those that have a new use or exchange value (Ollman, 2003) and eventually disrupt an existing practice and its value network.Whilst developed nation states attempt to contend with the disruption of ICT's use in learning spaces, developing countries attempt to catch up to the international models of education.Morocco's education mission and vision has not produced the desired outcomes and a new coalition with USAID had been drawn up until 2020. New strategies are being designed to overcome existing problems such as levels of illiteracy, dropout rate and student motivation. This text explores the possibilities of innovative models of education and provides concrete suggestions from noted scholars in the field.

Does CEO'S Holding of Vested Options Measure Overcon Dence?

Option-based measures of overconfidence are widely used as proxies for overconfidence in corporate finance. Overexposure of a CEO's wealth to the firm's idiosyncratic risk is taken as a sign of CEO overconfidence. The literature has used the measures to study the effect of managerial overconfidence on corporate investment, financial policy, innovation and merger and acquisition. The belief is that overconfident CEOs behave differently. We trace CEOs across firms to investigate whether option exercise decisions correlate with firm characteristics. We find that a CEO's decision to hold or exercise vested options is considerably driven by firm and market conditions. Our analysis casts doubt on the view that repeated holding of in-the-money options solely captures overconfidence.

Open innovation in the public sector: drivers and barriers for the adoption of Challenge.gov

ABSTRACTOnline Open Innovation (OI) platforms like Challenge.gov are used to post public sector problem statements, collect and evaluate ideas submitted by citizens with the goal to increase government innovation. Using quantitative data extracted from contests posted to Challenge.gov and qualitative interviews with thirty-six public managers in fourteen federal departments contribute to the discovery and analysis of intra-, inter, and extra-organizational factors that drive or hinder the implementation of OI in the public sector. The analysis shows that system-inherent barriers hinder public sector organizations to adopt this procedural and technological innovation. However, when the mandate of the innovation policy aligns with the mission of the organization, it opens opportunities for change in innovation acquisition and standard operating procedures.

Innovation Acquisition: A Strategy for Global Scalability of the Health Promotion Agenda

Reverse innovation has been promoted as a solution to public health challenges in developing countries, but reframing the concept as "innovation acquisition" can help avoid echoes of colonialism while refocusing the innovative process on achieving specific healthcare goals.

Local industry technological capability development using outsourcing opportunities

Purpose Technological outsourcing requires possessing the technological capability level by enterprises taking the outsourced activity and further mandates build-up capabilities. Small and medium enterprises (SMEs) in developing nations such as Ethiopia are usually equipped with low level of technological capability and could benefit from government-supported or government-initiated outsourcing networks. The current study aims to preliminarily assess performance of outsourcing initiative taken by the Hibret Manufacturing and Machine Building Industry, a subsidiary of a national corporation, in developing technological capability of SMEs in Ethiopia. Design/methodology/approach The study used a qualitative research approach through interviews with the parent company officials and owners of SMEs and site visit to these SMEs. Findings are organized in a way to draw lessons to be learned from technological outsourcing examined. Findings Technological learning, acquisition of new technologies, market access and process innovation are few capabilities achieved by the involved SMEs. To facilitate and harness these opportunities and further assist in policy ratification, a conceptual framework has been presented and elaborated. Research limitations/implications Further investigation into outsourcing procedure and biases are expected to shed further light onto the outsourcing initiative by the parent company. This study drew results from investigation of the SMEs involved. Additional investigation of other SMEs is expected to reveal additional insights. Originality/value There is a dearth of literature focusing on exploration of technological outsourcing in low-income developing countries, such as Ethiopia, to build SMEs’ technological capabilities. This research presents insightful contribution to strategic outsourcing to build local technological capability in developing economies.

Key knowledge management processes for innovation: a systematic literature review

Purpose The purpose of this paper is to review current literature on knowledge management processes considering the relationship between the key knowledge processes of acquisition, sharing, storage, codification, creation, application and different types of innovation, through a systematic literature review. Design/methodology/approach This study follows systematic review protocols for management and organisational sciences and analyses 45 full papers on knowledge management processes and innovation. Findings Results not only show that all knowledge processes can directly support innovation but also that other organisational variables (e.g. organisational learning, absorptive capacity) mediate this relationship. Moreover, knowledge creation and knowledge application appear as two central processes through which knowledge acquisition, sharing, codification and storage influence innovation. Knowledge acquisition and knowledge sharing are the most frequently studied knowledge processes. The majority of the sample papers present traditional innovation definitions (product vs process, radical vs incremental and technical vs administrative). However, organisational innovation, innovation capability and innovation performance approaches emerge from the papers’ analysis. Research limitations/implications The present review includes major scientific papers; however, the search is limited to the Web of ScienceTM platform. Originality/value This literature review analyses high-quality, peer-reviewed papers, following a systematic methodology that can be tested and updated. Papers were divided based upon the knowledge process(es) being analysed and the innovation type/approach, providing a twofold contribution to knowledge management and innovation literature.

A DEMATEL-Based Framework for Identification of Causalities Among Internal and External Modes of Technology Acquisition

Technology acquisition plays a key role in the management of technology in industrial organizations. While there are ample theoretical and empirical researches on firm technology acquisition which are focused on the study of its dependence on other components of organization, the literature pays less attention to explore and analyze the inter-relatedness found in the main body of technology acquisition itself. Internal and external technology acquisitions are among the main substitute modes which are embodied in the general body of firm's innovation and technology acquisition strategy. In this research, we deploy decision-making trial and evaluation laboratory (DEMATEL) as a powerful structural modeling technique to identify and visualize the causalities between internal and external modes of technology acquisition by processing the collective knowledge and expertise of firms' managerial boards and senior technology experts. Then, an integrated structure could be introduced for the macro-level technology acquisition and in addition to the mathematical modeling of causalities between internal and external modes of technology acquisition, a decision support system could be presented.

A eficácia organizacional na percepção do presidente da Federação Portuguesa de Canoagem

O presente estudo tem o objetivo de perceber como se configura a eficácia organizacional na perspectiva do Presidente da Federação Portuguesa de Canoagem e identificar os fatores que são privilegiados pelo mesmo para avaliar a eficácia da sua federação, pautada na Abordagem dos Valores Contrastantes. Baseado num estudo de caso, caracterizado por uma investigação qualitativa, este trabalho fundamentou-se na análise de conteúdo de uma entrevista semiestruturada e análise documental do Plano de Atividades 2010. Verificou-se que o Presidente privilegia os fatores que constam nos quadrantes correspondentes ao Modelo de Sistema Aberto, como inovação e aquisição de recursos, e ao Modelo do Objetivo Racional, como produtividade e realização, para avaliar a eficácia da sua Federação, apesar de considerar a eficácia como um conceito unidimensional, baseado, sobretudo no alcance dos resultados desportivos, com foco exclusivo do Modelo do Objetivo Racional.

Structural elements and dynamics in territorial patterns of innovation: A perspective through European case studies

AbstractThis paper sets out the conceptual approach that orients all the empirical works selected for this special issue, namely, the notion of territorial patterns of innovation. Recently proposed as a more appropriate conceptual framework in which to understand spatial innovation patterns, territorial patterns of innovation are defined as the combination of territorial specificities (context conditions) and the different modes of performing the different phases of the innovation process. Importantly, the paper reinforces this framework in two directions by discussing some common findings emerging from the set of case studies presented in this issue. First, the analysis of the same sector in different regions of three EU 27 countries shows that territorial elements have a more fundamental effect on the emergence of specific patterns of innovation with respect to sector characteristics. Second, regions can engage into upgrading as well as downgrading trajectories in their knowledge and innovation acquisition and creation processes, witnessing the adaptability and usefulness of the territorial patterns of innovation framework to read regional innovation dynamics.