To make or to buy: is this the question? Testing making or buying decisions to explain innovation sourcing strategies in the food sector
This paper analyses the decision of food companies to realize innovations through in-house ac-tivities, outsourcing and suing collaborations. The paper uses information from a dataset of 389 Italian food companies collected by Unicredit group in 2007. We develop a set of hypotheses from three theoretical perspectives: transaction cost economics, strategic management and re-source-based view. This paper aims at highlighting what firm’s features are related to the make, buy and mixed innovation-sourcing decisions. We found that these strategies are positively inter-linked which is challenging current theories. We conclude the paper by discussing these results and bringing some interesting outcomes to discuss managerial implications and/or policy inter-ventions in this highly strategic domain.
Main Authors: | , , |
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Format: | Article/Letter to editor biblioteca |
Language: | English |
Subjects: | dynamic capabilities, empirical-analysis, firm, governance, knowledge, management, performance, property-rights, research-and-development, sector, |
Online Access: | https://research.wur.nl/en/publications/to-make-or-to-buy-is-this-the-question-testing-making-or-buying-d |
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Summary: | This paper analyses the decision of food companies to realize innovations through in-house ac-tivities, outsourcing and suing collaborations. The paper uses information from a dataset of 389 Italian food companies collected by Unicredit group in 2007. We develop a set of hypotheses from three theoretical perspectives: transaction cost economics, strategic management and re-source-based view. This paper aims at highlighting what firm’s features are related to the make, buy and mixed innovation-sourcing decisions. We found that these strategies are positively inter-linked which is challenging current theories. We conclude the paper by discussing these results and bringing some interesting outcomes to discuss managerial implications and/or policy inter-ventions in this highly strategic domain. |
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