Global Sensing and Sensibility : A Multi-Stage Matching Assessment of Competitive Advantage from Foreign Sources of Innovation

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Global Sensing and Sensibility : A Multi-Stage Matching Assessment of Competitive Advantage from Foreign Sources of Innovation

Author Info

Teichert, Thorsten
Sofka, Wolfgang

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Wolfgang Sofka

Abstract

We focus on one of the core competitive capabilities of modern firms: the ability to deliver successful innovations in a globalized environment. Companies literally find themselves confronted with a world of ideas. The challenge remains to decide which impulses should be on top of the list and which at the bottom. Given limited resources and substantial investments, betting on the wrong horse can be risky and costly. Theoretically integrated in capability based view of the firm we investigate firms? capabilities to assimilate, identify and prioritize valuable knowledge across national, cultural and social borders - a competence we call global sensing. We establish an analytical framework to examine whether global sensing activities generate competitive advantage. Consequently, we develop an empirical, multistage evaluation strategy. This strategy rests on a matching approach for a recent, broad sample of almost 1,700 German companies from both services and manufacturing. We find the strongest and most consistent support for global sensing as a strategic enabler for technological leadership. Apart from this strategic advantage we observe that foreign external sources of innovation are generally not superior to domestic ones. --

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Publisher Info
Paper provided by ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research in its series ZEW Discussion Papers with number 06-09.

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Date of creation: 2006
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Handle: RePEc:zbw:zewdip:4588

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Find related papers by JEL classification:
F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
O32 - Economic Development, Technological Change, and Growth - - Technological Change - - - Management of Technological Innovation and R&D

This paper has been announced in the following NEP Reports:

NEP-ALL-2007-02-17 (All new papers)
NEP-CSE-2007-02-17 (Economics of Strategic Management)
NEP-INO-2007-02-17 (Innovation)
NEP-KNM-2007-02-17 (Knowledge Management & Knowledge Economy)

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This page was last updated on 2009-12-8.

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