Innovation, competitive advantage and rent: a model and test

Four antecedents, it is argued, are necessary precursors for a firm to capture rents from innovation. The antecedents are causal understanding; innovation team proficiency; emergence and mobilization of new competences; and creation of competitive advantages, each of which are conceptually distinct and precisely defined in the paper. These constructs are linked together in a stage model and subsequently operationalized and tested using LISREL. Substantial support is found for the central thesis, that achieving each of the four antecedent processes increases the predicted rents from an innovation project.

[1]  Rita Gunther McGrath,et al.  Three facets of satisfaction and their influence on the performance of innovation teams , 1996 .

[2]  Margaret A. Peteraf.  The cornerstones of competitive advantage: A resource‐based view , 1993 .

[3]  Rita Gunther McGrath.  The development of new competence in established organizations: An empirical investigation , 1993 .

[4]  P. Schoemaker,et al.  Strategic assets and organizational rent , 1993 .

[5]  Deborah G. . Ancona,et al.  Demography and Design: Predictors of New Product Team Performance , 1992 .

[6]  Theresa K. Lant,et al.  Aspiration Level Adaptation: An Empirical Exploration , 1992 .

[7]  Eric Abrahamson.  Managerial Fads and Fashions: The Diffusion and Rejection of Innovations , 1991 .

[8]  C. Marlene Fiol,et al.  Managing Culture as a Competitive Resource: An Identity-Based View of Sustainable Competitive Advantage , 1991 .

[9]  J. March.  Exploration and exploitation in organizational learning , 1991, STUDI ORGANIZZATIVI.

[10]  G. Hofstede,et al.  Cultures and Organizations: Software of the Mind , 1991 .

[11]  B. Zirger,et al.  A Model of New Product Development: An Empirical Test , 1990 .

[12]  C. Prahalad,et al.  The core competence of the corporation’, Harvard Business Review, Vol. pp. . , 1990 .

[13]  Karel Cool,et al.  Asset stock accumulation and sustainability of competitive advantage , 1989 .

[14]  R. P. McDonald,et al.  Structural Equations with Latent Variables , 1989 .

[15]  Birger Wernerfelt,et al.  From Critical Resources to Corporate Strategy , 1989 .

[16]  Z. Block,et al.  Damage control for new corporate ventures. , 1989, The Journal of business strategy.

[17]  Paul Israel,et al.  The Sources of Innovation , 1990 .

[18]  K. Eisenhardt,et al.  Politics of Strategic Decision Making in High-Velocity Environments: Toward a Midrange Theory , 1988 .

[19]  George S. Day,et al.  Assessing Advantage: A Framework for Diagnosing Competitive Superiority , 1988 .

[20]  N. Capon,et al.  Marketing and Technology: A Strategic Coalignment , 1987 .

[21]  Kim B. Clark,et al.  Product Development in the World Auto Industry , 1987 .

[22]  J. Barney.  Strategic Factor Markets: Expectations, Luck, and Business Strategy , 1986 .

[23]  I. MacMillan,et al.  Strategy implementation versus middle management self-interest , 1986 .

[24]  Richard L. Daft,et al.  Organizational information requirements, media richness and structural design , 1986 .

[25]  A. V. D. Ven,et al.  Central problems in the management of innovation , 1986 .

[26]  D. L. Gladstein.  Groups in context: A model of task group effectiveness. , 1984 .

[27]  J. S. Long,et al.  Covariance Structure Models: An Introduction to LISREL , 1983 .

[28]  Robert A. Burgelman.  A Process Model of Internal Corporate Venturing in the Diversified Major Firm , 1983 .

[29]  S. Winter,et al.  An evolutionary theory of economic change , 1983 .

[30]  R. Sitgreaves.  Psychometric theory (2nd ed.). , 1979 .

[31]  M. Tushman.  Special Boundary Roles in the Innovation Process. , 1977 .

[32]  H. Demsetz,et al.  Production, Information Costs, and Economic Organization , 1975, IEEE Engineering Management Review.

[33]  A. Pettigrew.  The politics of organizational decision-making , 1973 .

[34]  E. Johnsen.  Richard M. Cyert & James G. March, A Behavioral Theory of The Firm, Prentice-Hall, Inc., Englewood Cliffs, New Jersey, 1963, 332 s. , 1964 .

[35]  E. Penrose.  The theory of the growth of the firm twenty-five years after , 1960 .

[36]  F. Knight.  The economic nature of the firm: From Risk, Uncertainty, and Profit , 2009 .