“With(out) a Little Help From My Friends? Stakeholder Management, Innovation Strategy, and Long-Term Firm Performance”
Journal
23rd Annual Organization Science Winter Conference 2017
Type
conference poster
Date Issued
2017-02-03
Author(s)
Abstract
Stakeholder management is a key way for firms to gain useful knowledge for firm innovation. In light of substantial inter-firm heterogeneity in the performance effects of stakeholder management, we examine the implications of alignment and misalignment between the firm’s stakeholder management efforts and its innovation strategy. We distinguish between exploratory and exploitative innovation strategies as well as between external and internal stakeholders. Our findings suggest that firms will benefit more from aligning their stakeholder management and innovation strategy and may even experience negative effects from misalignment. Combined primary survey and time-lagged secondary data from 222 European firms broadly supports our arguments.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SoM - Business Innovation
Book title
Knowledge Creation, Retention, and Transfer in Organizations
Publisher
Organization Science
Publisher place
Catonsville, MD
Pages
6
Event Title
23rd Annual Organization Science Winter Conference
Event Location
Park City, UT
Event Date
2-5 Feb 2017
Subject(s)
Division(s)
Eprints ID
251022