Innovation and internationalization as growth strategies: The role of technological capabilities and appropriability |
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Authors: | Kalevi Kylä heiko,Ari Jantunen,Kaisu Puumalainen,Sami Saarenketo,Anni Tuppura |
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Affiliation: | Lappeenranta University of Technology, School of Business, P.O. Box 20, FI-53851, Lappeenranta, Finland |
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Abstract: | Firms grow either by launching new products (innovation) or by attracting new customers (internationalization) or by using a mixed strategy. An interesting question is whether innovation and internationalization activities are complementary or substitutive. The paper discusses the connections between technological capabilities, their appropriability, innovation activities, and internationalization, and derives hypotheses from the knowledge-based view of the firm. The hypotheses are empirically analyzed using survey data from 300 Finnish firms clustered as follows: (i) domestic replicators, (ii) domestic innovators, (iii) international replicators, and (iv) international innovators. The performance of the clusters is empirically analyzed, the success criteria being actual growth rate and profitability. We conclude that a profitable firm needs to have unused technological capabilities in order to exploit economies of scope through innovation. A strong appropriability regime strengthens growth. Internationalization and innovation combined is the most advisable option when domestic markets are limited. |
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Keywords: | Appropriability Growth strategy Innovation Internationalization Penrose Performance |
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