Journal
TECHNOVATION
Volume 55-56, Issue -, Pages 42-55Publisher
ELSEVIER
DOI: 10.1016/j.technovation.2016.05.003
Keywords
Advanced manufacturing technology; Innovation; Learning-by-using; Adoption; Disruptive strategy
Funding
- ESRC [ES/K006614/1] Funding Source: UKRI
- Economic and Social Research Council [ES/K006614/1] Funding Source: researchfish
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The ability to innovate successfully is a key corporate capability, depending strongly on firms' access to knowledge capital: proprietary, tacit and embodied. Here, we focus on one specific source of knowledge advanced manufacturing technologies or AMTs and consider its impact on firms' innovation success. AMTs relate to a series of process innovations which enable firms to take advantage of numerical and digital technologies to optimise elements of a manufacturing process. Using panel data for Irish manufacturing plants we identify lengthy learning-by-using effects in terms of firms' ability to derive innovation benefits from AMT adoption. Disruption effects are evident in the short-term while positive innovation benefits occur six-plus years after adoption. Strong complementarities between simultaneously adopted AMTs suggest the value of disruptive rather than incremental AMT implementation strategies. (C) 2016 Elsevier Ltd. All rights reserved.
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