A model of innovation process in light of the Theory of The Growth of the Firm, by Edith Penrose, and of Resource-Based View
DOI:
https://doi.org/10.5585/riae.v20i1.19041Keywords:
Innovation process, Resource-Based View, The Theory of the Growth of the Firm, Edith Penrose.Abstract
Objective: To analyze the innovation process in the light of the RBV and The Theory of the Growth of the Firm, by Edith Penrose.
Methodology: A Systematic Literature Review was carried out using the Methodi Ordinatio. The Social Network Analysis technique was performed to determine which theoretical contexts the studies were based on. Similarity Analysis was also carried out to identify the relationship between the elements of the focal approaches and the innovation process.
Originality/relevance: The Penrose study is considered by many researchers to be the antecedent of what was later called Resource-Based View, however, most of these studies did not fully explain the contribution of Penrose´s theory in the specifics of the theoretical view. Although research on innovation has been based on theoretical approaches in the field of strategy, there have been no analyses that systematized the innovation process by integrating the Penrose theory and RBV.
Main results: The studies that analyzed innovation from the RBV and the Theory of the Growth of the Firm emphasized the maintenance of competitive advantage as a result of its dynamic capabilities, as well as access to and use of organizational knowledge.
The authors identified heterogeneous innovation resources and imperfectly mobile, such as user-technology interactions, trajectory-dependent capabilities, specialized assets, R&D capabilities, and network ties.
Theoretical contributions: The study revealed that through the continuous execution of the innovation process, unique core competencies (e.g., R&D experience) are developed to improve heterogeneous and imperfectly mobile innovation resources.
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