Anna Brattström
Senior lecturer
Externally Acquired or Internally Generated? Knowledge Development and Perceived Environmental Dynamism in New Venture Innovation
Author
Summary, in English
We investigate the relative importance of external market knowledge acquisition and internal knowledge generation in new venture innovation. We argue that the effectiveness of externally acquired knowledge is less important in environments that are perceived as highly dynamic. To test our model, we examine 316 new ventures in one singular, high-growth sector. We find that man- agers have different interpretations of dynamism within this single sector and that these perceptual variations have important implications for how new ventures develop knowledge in pursuit of innovation. In so doing, we illustrate important within-sector mechanisms and boundary conditions behind new venture knowledge development and innovation.
Department/s
- Department of Business Administration
Publishing year
2018-01
Language
English
Pages
24-46
Publication/Series
Entrepreneurship Theory and Practice
Volume
42
Issue
1
Document type
Journal article
Publisher
Wiley-Blackwell
Topic
- Economics and Business
Keywords
- New venture innovation
- Knowledge
- dynamism
- Managerial perceptions
- Sector
Status
Published
ISBN/ISSN/Other
- ISSN: 1042-2587