Abstract
In the emerging knowledge economy many companies are forced to access globally dispersed technological and market knowledge to maintain their competitive advantage. A conceptual model is presented to analyze the relationship between the globalization of the innovation function and firm performance. Longitudinal data from 10 multinational companies are used to support the proposed model. The analysis concludes that the relationship between global innovation reach and firm performance is concave and time lagged. The results suggest the strategic importance of globalization decisions. The managerial implications are structured in five distinctive strategic challenges to successfully manage global innovation.
| Original language | English |
|---|---|
| Pages (from-to) | 58-74 |
| Number of pages | 17 |
| Journal | Journal of Engineering and Technology Management - JET-M |
| Volume | 25 |
| Issue number | 1-2 |
| DOIs | |
| State | Published - Mar 2008 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 9 Industry, Innovation, and Infrastructure
Keywords
- Global competition
- Global firm performance
- Global innovation reach
- Global innovation strategy
- Innovation management
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