<div>
<p>In this dissertation, I
investigate how firms’ various strategic decisions lead to innovation failures.
Extant research in the strategic management field has suggested that a firms’
strategic choices determine its innovation trajectories and outcomes. While
previous studies predominantly have emphasized firms’ successful innovation
outcomes, very little research has been conducted on the antecedents of
innovation failures. Although firms’ successful innovation outcomes provide
important implications in understanding the source of firms’ competitive
advantages, failed innovations would provide us with critical insight about
firms’ ability to survive and develop as they may result in unfavorable
consequences, such as financial risks and negative impacts on firms’
reputations In this light, I examine how various strategic choices – such as
interorganizational relationships, acquisitions, and internal R&D – affect
firm’s innovation trajectories and failures.</p>
<p> In Essay 1, I explore how firms’
decision to form interorganizational relationships can affect their innovation
failures. In particular, I investigate how a venture’s choice to form an
investment relationship with a particular venture capitalist (VC) could
determine the venture’s innovation failures. I propose that the time pressure
that VCs face may elicit negative consequences for their portfolio companies’
innovation quality. In Essay 2, I examine how firms’ efforts to acquire
technology and knowledge from external markets through acquisitions could
affect their innovation failure rates. I suggest and find that adverse
selection and post-acquisition integration problems impose substantial costs on
firms pursuing acquisitions leading them to experience high rate of innovation
failures. In Essay 3, I examine how firms’ efforts to develop new products
incrementally affect their innovation failures. I suggest that, due to the path
dependent nature of product development, when firms develop and introduce new
products through an incremental approach, they may face the risk of their new
products being exposed to the failure associated with the products and
underlying technologies upon which the new products are built.</p>
</div>
<br>
| Identifer | oai:union.ndltd.org:purdue.edu/oai:figshare.com:article/12735698 |
| Date | 30 July 2020 |
| Creators | Moonsik Shin (9183329) |
| Source Sets | Purdue University |
| Detected Language | English |
| Type | Text, Thesis |
| Rights | CC BY 4.0 |
| Relation | https://figshare.com/articles/thesis/Essays_on_Product_Innovation_and_Failures/12735698 |
Page generated in 0.0021 seconds