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Externally Acquired or Internally Generated? Knowledge Development and Perceived Environmental Dynamism in New Venture Innovation

McKelvie, Alexander ; Wiklund, Johan and Brattström, Anna LU (2018) In Entrepreneurship Theory and Practice 42(1). p.24-46
Abstract
We investigate the relative importance of external market knowledge acquisition and internal knowledge generation in new venture innovation. We argue that the effectiveness of externally acquired knowledge is less important in environments that are perceived as highly dynamic. To test our model, we examine 316 new ventures in one singular, high-growth sector. We find that man- agers have different interpretations of dynamism within this single sector and that these perceptual variations have important implications for how new ventures develop knowledge in pursuit of innovation. In so doing, we illustrate important within-sector mechanisms and boundary conditions behind new venture knowledge development and innovation.
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author
; and
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
New venture innovation, Knowledge, dynamism, Managerial perceptions, Sector
in
Entrepreneurship Theory and Practice
volume
42
issue
1
pages
24 - 46
publisher
SAGE Publications
external identifiers
  • scopus:85047652016
ISSN
1042-2587
DOI
10.1177/1042258717747056
language
English
LU publication?
yes
id
fb02969e-9eee-4208-8068-e9176be4b896
date added to LUP
2017-12-19 07:57:14
date last changed
2025-04-04 15:10:46
@article{fb02969e-9eee-4208-8068-e9176be4b896,
  abstract     = {{We investigate the relative importance of external market knowledge acquisition and internal knowledge generation in new venture innovation. We argue that the effectiveness of externally acquired knowledge is less important in environments that are perceived as highly dynamic. To test our model, we examine 316 new ventures in one singular, high-growth sector. We find that man- agers have different interpretations of dynamism within this single sector and that these perceptual variations have important implications for how new ventures develop knowledge in pursuit of innovation. In so doing, we illustrate important within-sector mechanisms and boundary conditions behind new venture knowledge development and innovation.}},
  author       = {{McKelvie, Alexander and Wiklund, Johan and Brattström, Anna}},
  issn         = {{1042-2587}},
  keywords     = {{New venture innovation; Knowledge; dynamism; Managerial perceptions; Sector}},
  language     = {{eng}},
  number       = {{1}},
  pages        = {{24--46}},
  publisher    = {{SAGE Publications}},
  series       = {{Entrepreneurship Theory and Practice}},
  title        = {{Externally Acquired or Internally Generated? Knowledge Development and Perceived Environmental Dynamism in New Venture Innovation}},
  url          = {{http://dx.doi.org/10.1177/1042258717747056}},
  doi          = {{10.1177/1042258717747056}},
  volume       = {{42}},
  year         = {{2018}},
}