Absorptive Capacity And Its Role For The Company Growth And Competitive Advantage
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Absorptive Capacity And Its Role For The Company Growth And Competitive Advantage
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Author : Andrzey Lis
language : en
Publisher:
Release Date : 2016
Absorptive Capacity And Its Role For The Company Growth And Competitive Advantage written by Andrzey Lis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
The aim of the paper is to study the role of absorptive capacity for the company growth and competitive advantage through open innovations. The case of Frauenthal Automotive Toruń is used to explore how the routines and best practices associated with the firm absorptive capacity contribute to its success. The case study is to validate the thesis that through developing skills to recognize valuable knowledge in the environment, acquire this knowledge, assimilate, transform and develop it companies are able to apply and benefit from open innovations in order to grow and strengthen their competitive advantages. In order to achieve the aim of the paper the following research objectives have been set: (1) to identify the lessons and best practices applied in Frauenthal Automotive Toruń in relation to the company absorptive capacity; (2) to analyze the relationships between the concepts of absorptive capacity and open innovation; (3) to exemplify and discuss the outcomes of the company absorptive capacity in regard to innovations, company growth and competitive advantage.
The Effects Of Knowledge Sharing And Absorptive Capacity On The Organizational Performance
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Author : Saeed Mousa
language : en
Publisher: GRIN Verlag
Release Date : 2016-08-04
The Effects Of Knowledge Sharing And Absorptive Capacity On The Organizational Performance written by Saeed Mousa and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-04 with Business & Economics categories.
Essay from the year 2016 in the subject Business economics - Operations Research, , language: English, abstract: Innovation does not occur on its own accord, rather, it must be triggered by varying factors. There is the need for the company or business entity to find, as well as foster talent. Additionally, non-technical innovation may be driven by managers, who mainly take the role of mentorship in the organization. This creates a relationship that acts as a driver to innovation in both the long-term and short-term. Talented managers have proper comprehension of the importance of relationships, wherein an emotional commitment of an individual to another has the capacity to make a difference. The quality of relationship between managers and employees would have a bearing on the capacity to leverage the relationship. Employees or knowledge workers are the major sources of knowledge and are crucial to the creation, capture, as well as sharing of knowledge in business entities. There are two types of knowledge, tacit and explicit. Explicit knowledge is expressed in numbers and words and can be easily shared and communicated in form of scientific formulae, hard data, universal principles and codified procedures. Tacit knowledge, on the other hand, revolves around personal and hard to formalize knowledge, which makes it extremely difficult to share or communicate with other people. It is also to be recognized that knowledge sharing is very crucial for knowledge management systems. It can be achieved through contributions, interactions, informal techniques and communal approach. There are questions about the elements that determine the absorptive capacity of a business entity. There are three groups of factors that are assumed to determine or have a bearing on the absorptive capacity. The first group, there are the research and development activities, second category are the prior related knowledge and the individual skills, and the third are the human resource management practices and the organizational structures. A business entity’s knowledge base also comes as a basis for the performance of the company. This means that there exists a strong relationship between the skills associated with knowledge and the performance of the corporate entity. There is a relationship between absorptive capacity and knowledge sharing. Knowledge sharing in business entities is a critical process that requires to be attained and developed at all times so as to attain sustainable advantage.
Mass Customization Development Of Competitive Strategies By Applying The Concept Of Absorptive Capacity
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Author : Simon Straßburger
language : en
Publisher: GRIN Verlag
Release Date : 2008-07-29
Mass Customization Development Of Competitive Strategies By Applying The Concept Of Absorptive Capacity written by Simon Straßburger and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-07-29 with Business & Economics categories.
Diploma Thesis from the year 2007 in the subject Business economics - Trade and Distribution, grade: 1,3, Leipzig Graduate School of Management, language: English, abstract: Today’s business environment is changing rapidly, with product variety increasing and the customization of products growing. Companies have to react to these developments by adopting strategies which allow a closer reaction to customers’ individual needs as well as an increasing operational efficiency in internal processes. Mass customization is a concept that meets this challenge with offering customized goods at nearly mass production efficiency. However, recently the phrase of ‘mass customization’ has been the subject of much hype and became a buzzword. In 2005, the management consulting company Bain & Company has investigated that mass customization is already one of the 25 most popular management tools. Thus it seems obvious that within the last years the number of companies introducing own mass customization projects has been significantly increasing.6 Especially in the sport shoes industry the term produces a lively interest and can be seen as a trend: Nike, Adidas and Reebok are running a mass customization initiative today. Also Puma, as the fourth major brand in global sportswear market, recently introduced its ‘Mongolian Shoe BBQ’ called project, enabling customers to design their own shoes in the internet and selected retail stores. By having a deeper look at all these companies it becomes evident, that mass customization is frequently implemented ineffectual and rarely part of a strategic plan. Instead, the technique is often only used as a marketing gimmick, “neglecting the needs and possibilities of dealing with single customer orders.” The fact conversely, that mass customization offers much more potential than its utilization as a marketing instrument, is not only proven by theoretical literature. Also several successful practical examples – sometimes from entirely different industries – demonstrate the wide range of opportunities for pursuing a mass customization strategy.
Exploring The Antecedents Of Potential Absorptive Capacity And Its Impact On Innovation Performance
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Author : Andrea Fosfuri
language : en
Publisher:
Release Date : 2014
Exploring The Antecedents Of Potential Absorptive Capacity And Its Impact On Innovation Performance written by Andrea Fosfuri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
This paper builds upon the theoretical framework developed by Zahra and George [Absorptive capacity: a review, reconceptualization, and extension. Academy of Management Review 2002;27:185-203] to empirically explore the antecedents of potential absorptive capacity (PAC), i.e. the ability to identify and assimilate external knowledge flows. Based on a sample of 2464 innovative Spanish firms, we find evidence that R&D cooperation, external knowledge acquisition and experience with knowledge search are key antecedents of a firm's PAC. Also, during periods of important internal reshaping, when there are significant changes in strategy, design of the organization and marketing, firms exert more effort to accumulate PAC. Finally, we find that PAC is a source of competitive advantage in innovation, especially in the presence of efficient internal knowledge flows that help reduce the distance between potential and realized capacity.
How Absorptive Capacity Enables An Organization To Acquire A Sustainable Competitive Advantage
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Author : Valentina-Nicoleta Antoni
language : en
Publisher:
Release Date : 2012
How Absorptive Capacity Enables An Organization To Acquire A Sustainable Competitive Advantage written by Valentina-Nicoleta Antoni and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Capturing Absorptive Capacity
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Author : Stephanie Duchek
language : en
Publisher:
Release Date : 2013
Capturing Absorptive Capacity written by Stephanie Duchek and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Absorptive capacity is defined as the ability of a firm to recognize the value of new external information, assimilate it, and apply it to commercial ends. It is regarded as an important factor in both corporate innovation and general competitive advantage. My approach recognizes the practice-based character of absorptive capacity. I provide a critical review of previous empirical treatments of the construct, note the need for advancing the research in this area, and suggest a qualitative approach that focuses on knowledge absorption practices. An empirical illustration shows how a practice-based approach can provide new insights into absorptive capacity.
Industry 4 0 For Smes
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Author : Dominik T. Matt
language : en
Publisher: Springer Nature
Release Date : 2020-01-03
Industry 4 0 For Smes written by Dominik T. Matt and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-03 with Business & Economics categories.
This open access book explores the concept of Industry 4.0, which presents a considerable challenge for the production and service sectors. While digitization initiatives are usually integrated into the central corporate strategy of larger companies, smaller firms often have problems putting Industry 4.0 paradigms into practice. Small and medium-sized enterprises (SMEs) possess neither the human nor financial resources to systematically investigate the potential and risks of introducing Industry 4.0. Addressing this obstacle, the international team of authors focuses on the development of smart manufacturing concepts, logistics solutions and managerial models specifically for SMEs. Aiming to provide methodological frameworks and pilot solutions for SMEs during their digital transformation, this innovative and timely book will be of great use to scholars researching technology management, digitization and small business, as well as practitioners within manufacturing companies.
Exploring The Link Between Entrepreneurial Capabilities Cognition And Behaviors
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Author : Marta Gancarczyk
language : en
Publisher: Cognitione Foundation for Dissemination of Knowledge and Science
Release Date : 2021
Exploring The Link Between Entrepreneurial Capabilities Cognition And Behaviors written by Marta Gancarczyk and has been published by Cognitione Foundation for Dissemination of Knowledge and Science this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with Business & Economics categories.
Open Business Models
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Author : Henry William Chesbrough
language : en
Publisher: Harvard Business Press
Release Date : 2006
Open Business Models written by Henry William Chesbrough and has been published by Harvard Business Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
Provides a diagnostic tool for readers to assess their business model and usher it through a six-stage continuum toward openness. This book also identifies the barriers to creating open business models (such as the not invented here syndrome and the not sold here virus) and explains how to surmount them.
Innovation Capabilities Affirming An Oxymoron
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Author : Tor Helge Aas
language : en
Publisher: Cognitione Foundation for the Dissemination of Knowledge and Science
Release Date : 2017-01-01
Innovation Capabilities Affirming An Oxymoron written by Tor Helge Aas and has been published by Cognitione Foundation for the Dissemination of Knowledge and Science this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-01 with Business & Economics categories.
The relationship between resources and capabilities and performance has been discussed since Edith Penrose addressed the mechanisms behind the growth of the firm (Penrose, 1959). Early contributions to this area of research suggest that valuable and inimitable resources and capabilities are the primary sources of superior performance and sustained competitive advantage (Barney, 1991; Wernerfelt, 1984), while more recent contributions suggest that the ability to change and re-configure resources and capabilities (dynamic capabilities) are the most important for performance, especially when the market is unstable (Teece, 2014; Teece, Pisano & Shuen, 1997). It has also been argued that firms may utilize their resources and capabilities through the development of innovations in the form of new products, services or processes (Hill, Brandeau, Truelove & Lineback, 2015), and empirical research has confirmed that there is a positive relationship between the implementation of innovation activities and the future performance of firms (Bowen, Rostami & Steel, 2010; Rubera & Kirca, 2012). However, innovation as a phenomenon entails change, as opposed to resources and capabilities that represents a firm’s ability to reproduce a certain performance – and as such involves stability. Viewed in this way the very term innovation capability can constitute an oxymoron. The study of innovation capabilities is therefore a complex field of study that is emerging. The topic has already attracted interest from a number of scholars (e.g. Forsman, 2011; Guan & Ma, 2003; Hertog, van der Aa & de Jong, 2010; Wang, Lu & Chen, 2008; Yam, Lo, Tang & Lau, 2011), but despite these important advances there is still a lack of consensus in the literature and a pressing need to clarify what type of resources and capabilities drive innovation in different contexts (Lidija & Robert, 2014), and how these capabilities are developed and utilized (Helfat & Peteraf, 2003).