FORTUNE FAVORS THE PREPARED FIRM

被引：398

作者：

COHEN, WM ^{[1
]}

LEVINTHAL, DA ^{[1
]}

机构：

[1] UNIV PENN,WHARTON SCH,PHILADELPHIA,PA 19104

来源：

MANAGEMENT SCIENCE | 1994年 / 40卷 / 02期

关键词：

INNOVATION; TECHNOLOGICAL CHANGE; LEARNING; EXPECTATION FORMATION; ABSORPTIVE CAPACITY;

D O I：

10.1287/mnsc.40.2.227

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

A critical factor in industrial competitiveness is the ability of firms to exploit new technological developments. We term this ability a firm's absorptive capacity and argue that such a capability not only enables a firm to exploit new extramural knowledge, but to predict more accurately the nature of future technological advances. We develop a stylized model in which we focus exclusively on firms' decisions to invest in their absorptive capacities. We first examine a monopolist's investment decision, analyzing the path dependence of its investment and the effect of uncertainty. We then consider the effect of competition by modeling the impact of entry on an incumbent's investment behavior. Implications for management and public policy are then discussed.

引用

页码：227 / 251

页数：25