Abstract
| Language | English |
|---|---|
| Pages | 170-181 |
| Journal | Industrial Marketing Management |
| Volume | 61 |
| Early online date | 8 Jun 2016 |
| DOIs | |
| Publication status | Published - Feb 2017 |
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Keywords
- New product success
- Dynamic capabilities
- Network power
- Technological capital
- Human capital
Cite this
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Leveraging Internal Resources and External Business Networks for New Product Success: A Dynamic Capabilities Perspective. / Zhang, Junfeng; Wu, Wei-Ping.
In: Industrial Marketing Management, Vol. 61, 02.2017, p. 170-181.Research output: Contribution to journal › Article
TY - JOUR
T1 - Leveraging Internal Resources and External Business Networks for New Product Success: A Dynamic Capabilities Perspective
AU - Zhang, Junfeng
AU - Wu, Wei-Ping
PY - 2017/2
Y1 - 2017/2
N2 - Internal resources such as technological and human capital, together with a firm's business network, are vital sources of knowledge for new product development. Previous studies largely assume that a firm's internal resources and its external resources embedded in a business network are complementary in new product development. This study draws on the dynamic capabilities perspective to take the existing literature one step further. Our hypotheses were tested using a sample of 130 Chinese manufacturing firms in high-technology industries. Interestingly, the findings reveal a more complex picture of resource interplay between internal resources and external resources embedded in a firm's business network. More specifically, the findings show that a firm's power in its business network influences the effect of its internal resources on its ability to sense and seize opportunities, a vital dynamic capability. More importantly, the findings suggest that such dynamic capability plays a pivotal role in translating the benefits of resource-interplay into new product success.
AB - Internal resources such as technological and human capital, together with a firm's business network, are vital sources of knowledge for new product development. Previous studies largely assume that a firm's internal resources and its external resources embedded in a business network are complementary in new product development. This study draws on the dynamic capabilities perspective to take the existing literature one step further. Our hypotheses were tested using a sample of 130 Chinese manufacturing firms in high-technology industries. Interestingly, the findings reveal a more complex picture of resource interplay between internal resources and external resources embedded in a firm's business network. More specifically, the findings show that a firm's power in its business network influences the effect of its internal resources on its ability to sense and seize opportunities, a vital dynamic capability. More importantly, the findings suggest that such dynamic capability plays a pivotal role in translating the benefits of resource-interplay into new product success.
KW - New product success
KW - Dynamic capabilities
KW - Network power
KW - Technological capital
KW - Human capital
U2 - 10.1016/j.indmarman.2016.06.001
DO - 10.1016/j.indmarman.2016.06.001
M3 - Article
VL - 61
SP - 170
EP - 181
JO - Industrial Marketing Management
T2 - Industrial Marketing Management
JF - Industrial Marketing Management
SN - 0019-8501
ER -