Exploring the impact of organisational, technological and relational contingencies on innovation speed in the light of open innovation

Evita Milan*, Frank Ulrich, Lourenco G.D. Faria, Jason Li-Ying

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

Striving for competitive advantage pushes firms to innovate at a high speed along innovation contingencies and resource limitations they face. Yet, little is known about how management of contingencies such as absorptive capacity or technology radicalness can impact the innovation speed of firms. In this explorative study, we provide new empirical evidence to the innovation speed literature. We examine to what extent innovation speed is affected by organisational, technological, and relational contingencies that preoccupy firms with open innovation practices. Taking the firm perspective, we track innovation timeline and emphasise the complex trade-offs that firms encounter while innovating. Our results show that many of the contingencies, emphasised by the literature promoting innovation, could slow down its speed. Thus, strengthening competitiveness by accommodating contingencies can hinder time-critical adaptations. Furthermore, we find that innovation
assets and capabilities can become liabilities for technologically
innovative firms.
Original languageEnglish
JournalIndustry and Innovation
Volume27
Issue number7
Pages (from-to)804–836
ISSN1366-2716
DOIs
Publication statusPublished - 2020

Keywords

  • Innovation speed
  • Innovation contingency
  • In-licenced technologies
  • Open innovation
  • New product development

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