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Product Innovation Tool Adoption Behaviour In Technology-Based New Ventures

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Author Info

  • GERRIT A. DE WAAL

    ()
    (Swinburne University of Technology, P. O. Box 218, Victoria 3122, Australia)

  • PAUL KNOTT

    ()
    (University of Canterbury, Private Bag 4800, Christchurch 8140, New Zealand)

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    Abstract

    Despite the attention it gives to innovation tools, the product innovation literature does not address the behavioural motivation behind practitioners' adoption of particular tools, or relate this to new venture development. This paper focuses on technology-based new ventures executing their first projects and presents insights into how their innovation tool adoption evolves over time. The paper synthesises case study findings into a hierarchy of tool adoption states encapsulating how new venture teams started with an exclusive focus on effectiveness, and over time progressively attended to problem solving, efficiency, and finally resource management. They often progressed to the next state only in response to costly mistakes and delays, whereas the experienced team in our comparison well-established firm operated within all four states from project initiation. Knowledge of this hierarchy of tool adoption states could help new venture teams to optimise the time they invest in product innovation tools.

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    Bibliographic Info

    Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Journal of Innovation Management.

    Volume (Year): 16 (2012)
    Issue (Month): 03 ()
    Pages: 1240001-1-1240001-26

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    Handle: RePEc:wsi:ijimxx:v:16:y:2012:i:03:p:1240001-1-1240001-26

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    Related research

    Keywords: Product innovation; tool adoption behaviour; technology-based new ventures; new venture evolution; development states;

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