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Anna Brattström. Photo.

Anna Brattström

Senior lecturer

Anna Brattström. Photo.

Externally Acquired or Internally Generated? Knowledge Development and Perceived Environmental Dynamism in New Venture Innovation

Author

  • Alexander McKelvie
  • Johan Wiklund
  • Anna Brattström

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