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Exploration and Exploitation Innovations in the Food Firms

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  • Sánchez-Pérez, Manuel
  • Marín-Carrillo, María Belén
  • Bourlakis, Michael

Abstract

In a context of increasingly intense competition, creating a unique mix of value through innovation has been considered one tenet for creating a competitive advantage (Porter, 1996). During the past decades, innovation has become a central issue of strategic management (Nag et al., 2007). The literature has identified several problems in relation to firm failure innovation decisions, focusing on the supply-side (organizational competence, Henderson 2006; dependence of actual most profitable customers, Christensen, 1997; out-of-date competence due to technological breakthroughs, Tushman & Anderson, 1986), and on the demand-side (market turbulence, Abernathy & Clark 1985; institutional environment, Chesbrough, 2001).

Suggested Citation

  • Sánchez-Pérez, Manuel & Marín-Carrillo, María Belén & Bourlakis, Michael, 2014. "Exploration and Exploitation Innovations in the Food Firms," 2014 International European Forum, February 17-21, 2014, Innsbruck-Igls, Austria 199339, International European Forum on System Dynamics and Innovation in Food Networks.
    • Handle: RePEc:ags:iefi14:199339
    DOI: 10.22004/ag.econ.199339
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    Keywords

    Agribusiness; Food Consumption/Nutrition/Food Safety;

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