2. THEORY AND HYPOTHESES
2.1 R&D Alliances and Knowledge Transfer
A large body of research has discussed the role of R&D alliances in learning and knowledge transfer among organizations (Chen, 2004; Easterby-Smith et al., 2008). R&D alliances are voluntary agreements between or among organizations that involve the sharing and exchange of resources, expertise and technologies for the purpose of developing new or improved products, processes and technologies (Gulati, 1998; Inkpen, 2000). Participation in such agreements has consistently been related with an increase in firm innovative performance (Van Wijk et al., 2008). Empirical studies have shown that the degree of interorganizational learning is significantly influenced by the characteristics of the alliance itself as well as attributes of
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Because R&D alliances are often temporal, firms aim to learn from their alliance partners as much and quickly as possible. Hamel (1991) describes how managers perceive R&D alliances not only as opportunities to jointly develop new products or technologies, but also as means to access and acquire a partner's exclusive knowledge. This leads to tensions among collaboration partners. First, managers may pursue hidden agendas with goals and objectives that conflict with the interests of alliance partners (Hamel, 1991). Second, managers may divert resources and attention within R&D alliance to increase learning from alliance partners or to reduce learning by alliance partners (Khanna et al., 1998). Learning races reveal that asymmetric knowledge transfer can occur via intended and unintended knowledge spillovers. Initially, imbalanced learning can simply happen when alliance partners have different learning rates. But studies on learning races also hint to mechanisms firms can use to tip the scales into their favor, namely capabilities and resources that stimulate knowledge absorption and reduce knowledge
Currently, I work for a local government; so, for the sake of the discussion, I will analyze my prior employer, The Kroger Company. In 1979, Michael Porter developed a knowledge-based system that incorporated strategy in the decision making process (Ryall, 2013). In theory, Porter’s five forces model involves analyzing and understanding the industry by: researching existing rivalry, determining the barriers to entry, estimating the threat of substitutes, identifying the bargaining power of buyers, and estimating the bargaining power of suppliers (Bethel, 2015). Porter’s five forces model has been used by many organizations as a determination of when, if at all, to enter the market relevant to their book of business (Prasad, 2011).
(Guiding Question A) Case Study 1: Exchange of goods and technology The exchange of goods and technologies has been a key aspect in the success of nations worldwide. The general idea is to move forward with the help of other nations by exchanging goods and technologies. Specifically, guns and raw materials. The British played a big role in the exchange of these goods.
Moreover, this concept constitutes the base for defining the four stages in the knowledge creation process: socialization; the process that transfers tacit knowledge from one person to tacit knowledge in another person, externalization; the process for making tacit knowledge explicit among individuals within a group, combination; the knowledge transfer once knowledge is explicit, finally, internalization; the process of understanding and absorbing explicit knowledge into tacit knowledge held by the individual (Googlecom, 2018). So, for the sake of this investigation, it shall focus on whether in the initial stage: socialization, both consensus and disagreements are required for robust
By following these steps, healthcare organizations can leverage the capabilities of their partners and achieve their strategic goals (Centers for Medicare & Medicaid Services, 2021). Federal laws such as the anti-trust and Stark laws can significantly impact strategic alliances between businesses, particularly in highly regulated industries such as healthcare (Federal Trade Commission, 2021). Companies must understand these laws and ensure that their alliances comply with them to avoid legal challenges and penalties (Federal Trade Commission,
Accept or reject innovations In the article Accepting or rejecting innovation written by Jared Diamond, he states the reasons about people accepting or rejecting innovations. The first reason is “relative economic advantage compared with existing technology” which means people will accept the innovations when they think they could make money and save money at the same time. The second reason is “social value and prestige, which can override economic benefit” which means social value could influences whether people will accept the innovations. The last reason is “compatibility with vested interest” which means people will accept or reject the innovations depends on their interests.
According to "Technology Foresight for Competitive Advantage" by J. Anderson, the discussion between people in R&D and 'users' of the research outcome, like people in industry and different public services, is required as to lead to new perspectives on R&D priorities. The reason is that the R&D may be good at judging on the feasible elements
External Environment The Five Forces of Competitive Analysis The industry market is considering a large pool with significant of competitors competing with each other. The stronger the forces of competition, the harder it becomes for industry members to earn attractive profits. The ideal competitive environment for earning outstanding profits is when both suppliers and customers are in weak bargaining positions. Suppliers Bargaining Power Vera Bradley as a company that provides luggage and accessories industry gets raw material from many suppliers that have differentiated inputs.
By setting up the attractiveness of an industry, associations are doing one of two things; building up the profitability of an industry or, as Porter proposes, the importance of technique plan is coping to rivalry '. In addition, the industry attractiveness is determined by composing plan to shield the association from serious competition (Enz,
This essay explores the general purposes of non-compete agreements and why exactly businesses favor
Searching for new organizations as well as the steady increment of their effectiveness places them in a decent position for the financial circumstance above. Being more proficient permits them to lower expenses and give better arrangements. Knowing the client better and having the capacity to bring about a noticeable improvement proposals implies they are giving extra esteem. SOCIAL Social setting and patterns are additionally critical for the organization, since being readied for buyers' requirements is their fundamental business methodology. Along these lines, catching the pattern of perusing advanced books brought the Kindle, the expanding number of latin organizations and individuals in the US, opened the Español store, and so on.
There is no unanimity when it comes to defining frugal innovations. The term “frugal innovation” became popular after a special report in The Economist on innovation in emerging markets. It said that, “frugal innovation or constraint-based innovation is not just a matter of exploiting cheap labor (though cheap labor helps). It is a matter of redesigning products and processes to cut out unnecessary costs” (Woolridge, 2010). While Sehgal, Dehoff and Panneer (2010) observed that frugal innovation is “powerful and ultimately essential approach to developing products and services in emerging markets.”
HORIONTAL AGREEMENTS Horizontal agreements are co-operative agreements that are entered between the competitors of the same industry . The primary objective of competitors to enter into a friendly agreement is to avoid the competition and regulate the market according to its own whims and fancy. The major subject matters of these agreements relate to pricing of the product, distribution channel, selling strategies and the production channel. The competitors agree to share details of the product as well as the market that it would target.
1. Intensity of Industry Rivalry (Neutral to Favorable) Compared to many other industries, the intensity of rivalry among developers in residential development is relatively low. The area where it is felt most is in competition for development land. When it comes to selling end units, developers typically try to avoid competing directly by 1) developing products in different markets / locations; 2) launching products at different time periods; 3) differentiating product types.
Knowledge can either be generated within firms, or accessed externally that is knowledge flows may viewed as intra-firm or inter-firm. As it turns out, these two ways of building knowledge have been used as foundation for at least two sets of
Mergers are transactions in which the ownership of companies, other business organizations or their operating units are transferred or combine (Adesegun & Nelson, 2013). Merger plays vital role for an organization in achieving its financial strategies and varied objectives or goals. Because when a company enters into merger it gives strength and growth to companies and improve competition which are good in realizing synergistic benefits. The growth of company involves two ways: one is the organic and second is the inorganic growth. Organic growth arises when company grows from its own resources it is also known as internal growth.