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Old Is Gold? The Value of Temporal Exploration in the Creation of New Knowledge

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  • Atul Nerkar

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    (Graduate School of Business, Columbia University, 721 Uris Hall, 3022 Broadway, New York, New York 10027)

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    Abstract

    In this paper, knowledge creation is considered as a path-dependent evolutionary process that involves recombining knowledge spread over time. The findings of the paper suggest that a balance in combining current knowledge with the knowledge available across large time spans is an important factor that explains the impact of new knowledge. These ideas are empirically tested using patent data from the pharmaceutical industry. Results from the analysis offer support for the hypotheses developed in the paper.

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    File URL: http://dx.doi.org/10.1287/mnsc.49.2.211.12747
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    Bibliographic Info

    Article provided by INFORMS in its journal Management Science.

    Volume (Year): 49 (2003)
    Issue (Month): 2 (February)
    Pages: 211-229

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    Handle: RePEc:inm:ormnsc:v:49:y:2003:i:2:p:211-229

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    Related research

    Keywords: innovation; knowledge creation; temporal search;

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    Cited by:
    1. Nooteboom, Bart & Van Haverbeke, Wim & Duysters, Geert & Gilsing, Victor & van den Oord, Ad, 2007. "Optimal cognitive distance and absorptive capacity," Research Policy, Elsevier, vol. 36(7), pages 1016-1034, September.
    2. Sébastien Brion & Caroline Mothe & Mareva Sabatier, 2010. "The impact of organizational context and competences on innovation ambidexterity," Post-Print hal-00936801, HAL.
    3. Lee, Hun & Shin, Hyung-Deok, 2010. "Which subfield to enter first?: The role of a firm's pre-entry experiences," Journal of Business Research, Elsevier, vol. 63(12), pages 1310-1316, December.
    4. Meyer, John & Subramaniam, Mohan, 2014. "Appropriating innovation's technical value: Examining the influence of exploration," Journal of Business Research, Elsevier, vol. 67(1), pages 2860-2866.
    5. Nemet, Gregory F. & Johnson, Evan, 2012. "Do important inventions benefit from knowledge originating in other technological domains?," Research Policy, Elsevier, vol. 41(1), pages 190-200.
    6. Alessandra Perri & Raffaele Oriani & Francesco Rullani, 2012. "Does Co-Location Accelerate Knowledge Outflows from FDI? The Role of MNC Subsidiaries' Technology Sourcing Strategies," DRUID Working Papers 12-09, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    7. Hannemann-Weber, Henrike & Kessel, Maura & Schultz, Carsten, 2012. "Research performance of centers of expertise for rare diseases—The influence of network integration, internal resource access and operational experience," Health Policy, Elsevier, vol. 105(2), pages 138-145.
    8. Schoenmakers, Wilfred & Duysters, Geert & Vanhaverbeke, Wim, 2008. "Radical versus Non-Radical Inventions," MERIT Working Papers 036, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    9. Alessandra Perri & Raffaele Oriani & Francesco Rullani, 2013. "Knowledge breadth of MNC subsidiaries and the duration of host-country firms' search," Working Papers 7, Department of Management, Università Ca' Foscari Venezia.
    10. Rost, Katja, 2011. "The strength of strong ties in the creation of innovation," Research Policy, Elsevier, vol. 40(4), pages 588-604, May.
    11. Schoenmakers, Wilfred & Duysters, Geert, 2010. "The technological origins of radical inventions," Research Policy, Elsevier, vol. 39(8), pages 1051-1059, October.
    12. Nemet, Gregory F., 2012. "Inter-technology knowledge spillovers for energy technologies," Energy Economics, Elsevier, vol. 34(5), pages 1259-1270.
    13. Lettl, Christopher & Rost, Katja & von Wartburg, Iwan, 2009. "Why are some independent inventors 'heroes' and others 'hobbyists'? The moderating role of technological diversity and specialization," Research Policy, Elsevier, vol. 38(2), pages 243-254, March.

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