Building Innovation Networks: Issues of Strategy and Expertise
Abstract
This article investigates the role of networks in new product development by reporting on a contemporary case study of a firm in the defence electronics sector. A specific focus is the development and ongoing management of a network that comprises a number of formal inter-firm strategic alliances. The paper begins by reviewing earlier literature on technology strategies for innovation that has identified a key role for inter-firm networking in the organization and management of new product development. We then consider the related issue of the relevant management expertise, which enables firms to adopt a network approach to their strategy for innovation by developing a competence in the process of network building. In this particular case study the critical issue centred upon the extent of the internal resources in terms of time and personal effort that was devoted to building trust and actively managing various inter-firm relationships over time. The article concludes that while inter-firm networking can facilitate new product development across firm boundaries, it is not a panacea for success. Whilst financially successful in terms of product and market development, the networking strategy has also set up problems within the particular case study firm in terms of resourcing and managing the very growth that has been generated.
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Inter-firm networking can facilitate the innovation process but will not necessarily lead to innovation success.
“Harris, Coles and Dickson (2000) find that inter-firm networking can facilitate the innovation process but it will not necessarily lead to innovation success.”
From Networking and innovation: a systematic review of the evidence (2004) · cites this paper as Harris, Coles and Dickson (2000)
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- Authors
- Harris, L., Coles, A.-M., & Dickson, K.
- Venue
- Technology Analysis & Strategic Management
- Publisher
- Informa UK Limited
- Published
- 2000-06
- Volume
- 12
- Issue
- 2
- Pages
- 229-241
- ISSN
- 0953-7325 (ISSN-L)
- 1465-3990
- OpenAlex
- W1987582547
- Cited by
- 47
- References
- 46
- Citations by year
- 2024: 1 · 2023: 1 · 2022: 2 · 2020: 1 · 2019: 1 · 2018: 2 · 2017: 4 · 2016: 1 · 2015: 2 · 2014: 2 · 2013: 3 · 2012: 2
- FWCI
- 5.45
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Technology Analysis and Strategic Management (publishedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Strategy and Management › Innovation and Knowledge Management
- Social Sciences › Business, Management and Accounting › Strategy and Management › Business Strategy and Innovation
- Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Entrepreneurship Studies and Influences
- Keywords
- innovation networks, new product development, network construction, managerial expertise, trust building, inter-firm relationships, technology strategy, resource constraints, business growth
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