search query: @author Levinthal, D. / total: 4
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| Author: | Cohen, W. Levinthal, D. |
| Title: | Fortune favors the prepared firm |
| Journal: | Management Science
1994 : FEB, VOL. 40:2, p. 227-251 |
| Index terms: | INNOVATION TECHNOLOGICAL CHANGE LEARNING |
| Language: | eng |
| Abstract: | A critical factor in industrial competitiveness is the ability of firms to exploit new technological developments. The authors 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. The authors develop a stylized model in which they focus exclusively on firms' decisions to invest in their absorptive capacities. |
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