European Business Schools Librarian's Group
IESE Research Papers,
IESE Business School
No D/597: Organizing for innovation: R&D projects, activities and partners
Bruno Cassiman (), Chiara di Guardo and Giovanni Valentini
Additional contact information
Bruno Cassiman: IESE Business School, Postal: Research Division, Av Pearson 21, 08034 Barcelona, SPAIN
Chiara di Guardo: University of Cagliari
Giovanni Valentini: IESE Business School, Postal: Research Division, Av Pearson 21, 08034 Barcelona, SPAIN
Abstract: We explore how R&D project characteristics condition the governance of an R&D project and its individual activities. Prior literature has tried to understand the factors - both at the industry and at the firm level - that influence the way in which firms partner for innovation. In this paper, through the analysis of detailed data from a subsidiary of STMicroelectronics, we identify the main drivers of partner selection for innovation. Partnering or contracting with universities for innovation is common practice for developing new -original- knowledge, as opposed to applying existing knowledge to a problem. But firms are more reluctant to partner, especially with other firms, when that knowledge directly enhances their competitiveness. However, conditional on cooperation, partners are more likely to act individually when the project is strategically important. Contracting for innovation to universities or research centers, as opposed to partnering, happens for more experimental projects, where highly original knowledge is developed, and typically early on in the project.
Keywords: Innovation strategy; Technological innovation; R&D projects' organization; Partner selection
26 pages, July 14, 2005
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DI-0597-E.pdf
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