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Knowledge acquisition strategies and company performance in young high technology companies

Friesl, M (2012) Knowledge acquisition strategies and company performance in young high technology companies. British Journal of Management, 23 (3). pp. 325-343. ISSN 1045-3172

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    Abstract

    Research on knowledge strategies argues that the configuration of activities used by companies to acquire new and leverage existing knowledge is an important influencing factor of company performance. However, we do not know very much about how companies actually structure knowledge acquisition. In addition, we do not know which configurations of knowledge acquisition are conducive to company performance. Furthermore, knowledge strategies have largely been neglected in the context of young and entrepreneurial companies. Drawing on an explorative analysis of quantitative and qualitative data, we investigate strategies and activities for knowledge acquisition in the context of young biotechnology companies in Germany. The study reveals four distinct knowledge acquisition strategies (low key, mid range, focus and explorer) and shows that these strategies differ in their relation to company performance as a result of their configuration of knowledge acquisition activities and the type of knowledge acquired.

    Item Type: Article
    Journal or Publication Title: British Journal of Management
    Uncontrolled Keywords: Knowledge-based theory of the firm ; Knowledge Acquisition ; Knowledge Strategy ; Young Companies
    Subjects: H Social Sciences > HB Economic Theory
    Departments: Lancaster University Management School > Lancaster University Management School - Other > Centre for Strategic Management
    ID Code: 45601
    Deposited By: ep_importer_pure
    Deposited On: 11 Jul 2011 19:34
    Refereed?: Yes
    Published?: Published
    Last Modified: 09 Apr 2014 22:34
    Identification Number:
    URI: http://eprints.lancs.ac.uk/id/eprint/45601

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