Beating competitors to international markets: The value of geographically balanced networks for innovation

• 成果类型: Review
• 署名作者: Patel, Pankaj C.; Fernhaber, Stephanie A.; McDougall-Covin, Patricia P.; van der Have, Robert P.
• 署名单位: Ball State University; Butler University; Indiana University System; Indiana University Bloomington; IU Kelley School of Business; VTT Technical Research Center Finland; Aalto University
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2114
• 发表日期: 2014
• 页码: 691-711
• 关键词: clockspeed; network balance; ventures; INTERNATIONALIZATION; INNOVATION

摘要

Being able to launch new products internationally is critical for technology-based ventures to recoup the high costs of R&D and to exploit their innovations fully. Despite the widely recognized importance of networks within the innovation development process, there appear to be contrasting viewpoints as to whether local or foreign network partners contribute more in the race to internationalize. Drawing on the theoretical underpinnings of comparative advantage, we propose and empirically confirm that ventures pursuing a balance of local and foreign network connections for the development of an innovation are able to bring the product more rapidly into the international marketplace. Furthermore, both innovation complexity and industry clockspeed heighten the importance of geographic network balance to the speed of product internationalization. Copyright (c) 2013 John Wiley & Sons, Ltd.