Business, Management and Accounting
5 years ago

Frequent alliances boost firm innovation, leading to groundbreaking patents.

European Journal of Innovation Management
The role of frequent engagement in alliances in firm likelihood to patent
Despoina Filiou, Heinz Tusselmann, Lawrence Green

Paper Summary

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The study looked at how being involved in many partnerships affects a company's likelihood of coming up with new ideas. They found that having lots of experience with partnerships doesn't always lead to more innovation, but being actively involved in many partnerships and expanding the number of partnerships can boost innovation. This suggests that being engaged in partnerships frequently can help companies develop better ways to manage partnerships, which in turn can lead to more innovative ideas.