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    Beyond RBV and KBV to an innovation-based view of the firm


    Costello, Gabriel J. and Donnellan, Brian (2011) Beyond RBV and KBV to an innovation-based view of the firm. In: European Academy of Management EURAM2011, 1-4 June 2011, Tallinn.

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    Abstract

    The quest to understand sources of sustained competitive advantage is still a major area of interest to both researchers and practitioners. The central thesis of this paper is that the resource-based view of the firm and the knowledge-based view of the firm require updating to an innovation-based view. This novel hypothesis of the firm is informed by a review of relevant literature and an empirical study of innovation management. The ICT revolution has a major impact on business and society resulting in an opening of the firm’s boundaries and increasing the digitalization of organizations. We utilize a grounded theory approach to the case study based in the Irish subsidiary of a multi-national corporation where innovation emerged as a key differentiator. Five empirical indicators of a firm’s propensity to harness innovation in order to generate sustained competitive advantage are proposed: management of paradox, degree of openness, the dilemma of initiation and implementation, nontechnological nature and technological nature. The paper contributes to advancing theory by advocating and developing an innovation-based view of the firm. Such a view is needed as innovation is now regarded by scholars and practitioners as being the driver of competitive advantage for the modern organization.

    Item Type: Conference or Workshop Item (Paper)
    Additional Information: Cite as: Costello, G. and Donnellan, B. 2011. Beyond RBV and KBV to an Innovation-Based View of the Firm. In European Academy of Management EURAM2011, Tallinn June 1st -4th.
    Keywords: Innovation; knowledge transfer; culture; multi-national corporations; strategic management; theories of the firm;
    Academic Unit: Faculty of Social Sciences > Research Institutes > Innovation Value Institute, IVI
    Faculty of Social Sciences > School of Business
    Item ID: 10826
    Depositing User: Prof. Brian Donnellan
    Date Deposited: 04 Jun 2019 14:41
    Refereed: No
    URI:

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