TITLE

GLOBAL SENSING AND SENSIBILITY -- A MULTI-STAGE MATCHING ASSESSMENT OF COMPETITIVE ADVANTAGE FROM FOREIGN SOURCES FOR INNOVATION

AUTHOR(S)
SOFKA, WOLFGANG; TEICHERT, THORSTEN
PUB. DATE
August 2006
SOURCE
Academy of Management Annual Meeting Proceedings;2006, pJ1
SOURCE TYPE
Conference Proceeding
DOC. TYPE
Proceeding
ABSTRACT
We focus on a core competitive capability of a modern firm: The ability to deliver successful innovations in a globalized environment. Companies literally find themselves confronted with a world of ideas. The challenge remains to decide which impulses should be on top of the list and which at the bottom. Given limited resources and substantial investments, betting on the wrong horse can be risky and costly. Theoretically integrated in capability based view of the firm we investigate firms' capabilities to assimilate, identify and prioritize valuable knowledge across national, cultural and social borders; a competence which we call global sensing. We establish an analytical framework to examine whether global sensing activities generate competitive advantage. Consequently, we develop an empirical, multistage evaluation strategy. The latter rests on a matching approach for a recent, broad sample of almost 1,700 German companies from both services and manufacturing. We find the strongest and most consistent support for global sensing as a strategic enabler for technological leadership. Apart from this strategic advantage we observe that foreign external sources for innovation are generally not superior to domestic ones.
ACCESSION #
27163055

 

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