Firms' Complementary Assets Boost Innovation and Competitive Advantage
Complementary assets are crucial for companies to stay competitive and innovative. Problems with coordinating these assets and getting employees to work together can impact a company's success. Top management needs to provide strategic direction to handle these challenges. Managing complementary assets well can lead to more innovation within a company. Additionally, these assets help a company make money from new ideas. This research combines different theories to show how important complementary assets are for a company's strategy and success.