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: | |
| Use Licence: | This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here |
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