Exploration and Exploitation Alliances in Biotechnology : A System of New Product Development  

Oleh:

Rothaermel, Frank T. ; Deeds, David L.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 25 no. 3 (Mar. 2004), page 201-222.
Topik: STRATEGIC; strategic alliances; vertical integration; new product development; biotechnology industry

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.14 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

We link the exploration - exploitation framework of organizational learning to a technology venture's strategoc alliances and argue that the causal relationship between the venture's alliances and its new product development depends on the type of the alliance. In particular, we propose a product development depends on the type of the alliance. In particular, we propose a product development path beggining with exploration alliances predicting products in development. whcih in turn predict exploitation alliances, and that concludes with exploitiation alliances leading to products on the market. Moreover, we argue that this integrated product development path is moderated negatively by firm size. As a technology venture grows, it tends to withdraw form this product development path to discover, develop and commercialize promising projects through vertical integration. We test our model on a sample of 325 biotechnology firms that entered 2565 alliances over a 25 - year period. We find board support for the hypothesized product develpment system and the moderating effect of firm size.

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