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Slack resources, exploratory and exploitative innovation and the performance of small technology-based firms

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Slack resources, exploratory and exploitative innovation and the performance of small technology-based firms. / Soetanto, Danny Prabowo; Jack, Sarah Louise.

In: The Journal of Technology Transfer, Vol. 43, No. 5, 01.10.2018, p. 1213-1231.

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@article{0f58679ee2fb470097e00119ce3e135c,
title = "Slack resources, exploratory and exploitative innovation and the performance of small technology-based firms",
abstract = "This paper aims to contribute (1) to the understanding about how small technology based firms in spite of being constrained by limited resources, can still perform exploratory and exploitative innovation and (2) to extend knowledge about the role of slack resources in the context of small technology-based firms in facilitating those innovation activities. Herein, we focus on two types of slack resources: internal slack, resources that are available within the firms and external slack, additional resources that are gathered through the facilitation ofexternal sources such as business incubators. Using a sample of 141 small technology-based firms located at incubators, this study combined two streams of research on incubator studies and innovation to construct some hypotheses examining the role of slack resources and innovation activities in enhancing the performance of small technology-based firms operating in incubator setting. Our findings demonstrate that neither slack resources nor innovation activities alone explain firm performance. Instead, small technology-based firms fit their innovation activities to their slack resources. While the relationship between internal slack and performance is mediated by exploitative innovation, exploratory innovation plays a role as a mediator for the relationship between external slack and performance.",
keywords = "Exploration, Exploitation , Innovation, Internal slack , External slack , Mediation , Performance , Incubators",
author = "Soetanto, {Danny Prabowo} and Jack, {Sarah Louise}",
note = "The final publication is available at Springer via http://dx.doi.org/10.1007/s10961-016-9533-0",
year = "2018",
month = oct,
day = "1",
doi = "10.1007/s10961-016-9533-0",
language = "English",
volume = "43",
pages = "1213--1231",
journal = "The Journal of Technology Transfer",
issn = "0892-9912",
publisher = "Kluwer Academic Publishers",
number = "5",

}

RIS

TY - JOUR

T1 - Slack resources, exploratory and exploitative innovation and the performance of small technology-based firms

AU - Soetanto, Danny Prabowo

AU - Jack, Sarah Louise

N1 - The final publication is available at Springer via http://dx.doi.org/10.1007/s10961-016-9533-0

PY - 2018/10/1

Y1 - 2018/10/1

N2 - This paper aims to contribute (1) to the understanding about how small technology based firms in spite of being constrained by limited resources, can still perform exploratory and exploitative innovation and (2) to extend knowledge about the role of slack resources in the context of small technology-based firms in facilitating those innovation activities. Herein, we focus on two types of slack resources: internal slack, resources that are available within the firms and external slack, additional resources that are gathered through the facilitation ofexternal sources such as business incubators. Using a sample of 141 small technology-based firms located at incubators, this study combined two streams of research on incubator studies and innovation to construct some hypotheses examining the role of slack resources and innovation activities in enhancing the performance of small technology-based firms operating in incubator setting. Our findings demonstrate that neither slack resources nor innovation activities alone explain firm performance. Instead, small technology-based firms fit their innovation activities to their slack resources. While the relationship between internal slack and performance is mediated by exploitative innovation, exploratory innovation plays a role as a mediator for the relationship between external slack and performance.

AB - This paper aims to contribute (1) to the understanding about how small technology based firms in spite of being constrained by limited resources, can still perform exploratory and exploitative innovation and (2) to extend knowledge about the role of slack resources in the context of small technology-based firms in facilitating those innovation activities. Herein, we focus on two types of slack resources: internal slack, resources that are available within the firms and external slack, additional resources that are gathered through the facilitation ofexternal sources such as business incubators. Using a sample of 141 small technology-based firms located at incubators, this study combined two streams of research on incubator studies and innovation to construct some hypotheses examining the role of slack resources and innovation activities in enhancing the performance of small technology-based firms operating in incubator setting. Our findings demonstrate that neither slack resources nor innovation activities alone explain firm performance. Instead, small technology-based firms fit their innovation activities to their slack resources. While the relationship between internal slack and performance is mediated by exploitative innovation, exploratory innovation plays a role as a mediator for the relationship between external slack and performance.

KW - Exploration

KW - Exploitation

KW - Innovation

KW - Internal slack

KW - External slack

KW - Mediation

KW - Performance

KW - Incubators

U2 - 10.1007/s10961-016-9533-0

DO - 10.1007/s10961-016-9533-0

M3 - Journal article

VL - 43

SP - 1213

EP - 1231

JO - The Journal of Technology Transfer

JF - The Journal of Technology Transfer

SN - 0892-9912

IS - 5

ER -