IDEAS home Printed from https://ideas.repec.org/a/wsi/ijimxx/v18y2014i02ns1363919614500145.html
   My bibliography  Save this article

Local Search, Exploration Frequency, And Exploration Valuableness: Evidence From New Pharmaceuticals Development

Author

Listed:
  • OSAMU SUZUKI

    (Institute of Business and Accounting, Kwansei Gakuin University, 1-155 Uegahara Ichiban-cho, Nishinomiya Hyogo, 662-8501, Japan)

  • DAVID T. METHÉ

    (Institute of Business and Accounting, Kwansei Gakuin University, 1-155 Uegahara Ichiban-cho, Nishinomiya Hyogo, 662-8501, Japan)

Abstract

Informed by recent theoretical developments concerning absorptive capacity and cognitive representations, we argue that local search positively influences subsequent performance in exploratory innovation. Our empirical analyses of a unique data set on new pharmaceutical development frequency, as well as on official assessments of these pharmaceuticals' valuableness support our argument by showing that knowledge gained as a result of local search increases subsequent performance in exploratory innovation both in terms of its frequency and valuableness. Specifically, local search is shown to be positively associated with the frequency of subsequent exploratory new pharmaceutical developments. We also show that local search is curvilinearly (inverted U-shape) associated with the degree of valuableness of subsequent exploratory new pharmaceuticals. Our empirical findings contribute to the theory of organisational learning and innovation by extending the theory of local search through uncovering more nuanced relationships between local search and subsequent exploratory innovation than those identified by prior works.

Suggested Citation

  • Osamu Suzuki & David T. Methé, 2014. "Local Search, Exploration Frequency, And Exploration Valuableness: Evidence From New Pharmaceuticals Development," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 18(02), pages 1-29.
    • Handle: RePEc:wsi:ijimxx:v:18:y:2014:i:02:n:s1363919614500145
    DOI: 10.1142/S1363919614500145
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S1363919614500145
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S1363919614500145?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ingo Stiller & Arjen Witteloostuijn & Bart Cambré, 2022. "Determinants of radical drug innovation: a systematic literature review," Management Review Quarterly, Springer, vol. 72(4), pages 967-1016, December.
    2. Ingo Stiller & Arjen Witteloostuijn & Bart Cambré, 2021. "Do current radical innovation measures actually measure radical drug innovation?," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(2), pages 1049-1078, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:ijimxx:v:18:y:2014:i:02:n:s1363919614500145. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ijim/ijim.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.