Shared inventions and the evolution of capabilities: Examining the biotechnology industry
► Contributing to research on capabilities, organizational learning, and property rights, we uncover how shared inventions can be leveraged within R&D strategies. ► We leverage a patent's technological breadth to express new capabilities accrued to the firm. ► We propose and examine how the...
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| Veröffentlicht in: | Research policy 2011-09, Vol.40 (7), p.943-956 |
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| creator | Khoury, Theodore A. Pleggenkuhle-Miles, Erin G. |
| description | ► Contributing to research on capabilities, organizational learning, and property rights, we uncover how shared inventions can be leveraged within R&D strategies. ► We leverage a patent's technological breadth to express new capabilities accrued to the firm. ► We propose and examine how the accumulation of jointly- versus solely owned invention experience affects capability development. ► Emphasizing the value of unique partners, we find how joint patents with downstream versus upstream actors variably impacts technological breadth and how these relationships vary depending on the focal patent being jointly or solely owned.
Do capabilities evolve differently as a function of the firm's unique ties or through the cumulative exposure to specific types of knowledge? We view capability evolution with respect to a firm's accumulation of knowledge-derived assets—patents. This study proposes that capabilities evolve by way of a firm's solo and joint invention experiences, and contends that these capabilities are uniquely shaped by the firm's history of patenting with two specific types of ties, upstream and downstream partners. Using a sample of 11,593 patents produced by 256 biotechnology firms from 1985 to 2006, we find that prior joint invention experience diversifies the capabilities of the firm and broadens its strategic options. In uncovering an inverted ‘U’ relationship, we also find that capabilities evolve differently according to the firm's unique joint invention experiences. Moreover, firms that continue to engage in more joint invention experiences develop broader capabilities than firms that retreat from this strategy and pursue solo inventions, whereby more specialized capabilities develop. Focusing on how R&D strategies impact capability development, our findings extend research on capabilities by accounting for how the path dependent role of shared property rights influences the technological trajectory of the firm. |
| doi_str_mv | 10.1016/j.respol.2011.05.007 |
| format | Article |
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Do capabilities evolve differently as a function of the firm's unique ties or through the cumulative exposure to specific types of knowledge? We view capability evolution with respect to a firm's accumulation of knowledge-derived assets—patents. This study proposes that capabilities evolve by way of a firm's solo and joint invention experiences, and contends that these capabilities are uniquely shaped by the firm's history of patenting with two specific types of ties, upstream and downstream partners. Using a sample of 11,593 patents produced by 256 biotechnology firms from 1985 to 2006, we find that prior joint invention experience diversifies the capabilities of the firm and broadens its strategic options. In uncovering an inverted ‘U’ relationship, we also find that capabilities evolve differently according to the firm's unique joint invention experiences. Moreover, firms that continue to engage in more joint invention experiences develop broader capabilities than firms that retreat from this strategy and pursue solo inventions, whereby more specialized capabilities develop. Focusing on how R&D strategies impact capability development, our findings extend research on capabilities by accounting for how the path dependent role of shared property rights influences the technological trajectory of the firm.</description><identifier>ISSN: 0048-7333</identifier><identifier>EISSN: 1873-7625</identifier><identifier>DOI: 10.1016/j.respol.2011.05.007</identifier><identifier>CODEN: REPYBP</identifier><language>eng</language><publisher>Amsterdam: Elsevier B.V</publisher><subject>Accounting ; Alliances ; Biotechnology ; Biotechnology industry ; Capabilities ; Enterprises ; Evolution ; Focusing ; Inventions ; Knowledge management ; Organizational learning ; Patents Capabilities Property rights Resource based theory Organizational learning Alliances ; Property rights ; R&D ; Research & development ; Research and development ; Resource based theory ; Strategy ; Studies ; Upstream</subject><ispartof>Research policy, 2011-09, Vol.40 (7), p.943-956</ispartof><rights>2011 Elsevier B.V.</rights><rights>Copyright Elsevier Sequoia S.A. Sep 2011</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c528t-b5414bba41d6faa1cbec07322e71e00381bc1098df74c1b5d6ef3e605bc89e623</citedby><cites>FETCH-LOGICAL-c528t-b5414bba41d6faa1cbec07322e71e00381bc1098df74c1b5d6ef3e605bc89e623</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://www.sciencedirect.com/science/article/pii/S0048733311000862$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,776,780,3537,3994,27901,27902,65306</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/eeerespol/v_3a40_3ay_3a2011_3ai_3a7_3ap_3a943-956.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Khoury, Theodore A.</creatorcontrib><creatorcontrib>Pleggenkuhle-Miles, Erin G.</creatorcontrib><title>Shared inventions and the evolution of capabilities: Examining the biotechnology industry</title><title>Research policy</title><description>► Contributing to research on capabilities, organizational learning, and property rights, we uncover how shared inventions can be leveraged within R&D strategies. ► We leverage a patent's technological breadth to express new capabilities accrued to the firm. ► We propose and examine how the accumulation of jointly- versus solely owned invention experience affects capability development. ► Emphasizing the value of unique partners, we find how joint patents with downstream versus upstream actors variably impacts technological breadth and how these relationships vary depending on the focal patent being jointly or solely owned.
Do capabilities evolve differently as a function of the firm's unique ties or through the cumulative exposure to specific types of knowledge? We view capability evolution with respect to a firm's accumulation of knowledge-derived assets—patents. This study proposes that capabilities evolve by way of a firm's solo and joint invention experiences, and contends that these capabilities are uniquely shaped by the firm's history of patenting with two specific types of ties, upstream and downstream partners. Using a sample of 11,593 patents produced by 256 biotechnology firms from 1985 to 2006, we find that prior joint invention experience diversifies the capabilities of the firm and broadens its strategic options. In uncovering an inverted ‘U’ relationship, we also find that capabilities evolve differently according to the firm's unique joint invention experiences. Moreover, firms that continue to engage in more joint invention experiences develop broader capabilities than firms that retreat from this strategy and pursue solo inventions, whereby more specialized capabilities develop. Focusing on how R&D strategies impact capability development, our findings extend research on capabilities by accounting for how the path dependent role of shared property rights influences the technological trajectory of the firm.</description><subject>Accounting</subject><subject>Alliances</subject><subject>Biotechnology</subject><subject>Biotechnology industry</subject><subject>Capabilities</subject><subject>Enterprises</subject><subject>Evolution</subject><subject>Focusing</subject><subject>Inventions</subject><subject>Knowledge management</subject><subject>Organizational learning</subject><subject>Patents Capabilities Property rights Resource based theory Organizational learning Alliances</subject><subject>Property rights</subject><subject>R&D</subject><subject>Research & development</subject><subject>Research and development</subject><subject>Resource based theory</subject><subject>Strategy</subject><subject>Studies</subject><subject>Upstream</subject><issn>0048-7333</issn><issn>1873-7625</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2011</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><recordid>eNp9kc1u1DAUhS0EEkPLG7CI2MAm4fovcVggoarQVpVYtCxYWY5z0_EoYwc7GTFvj6epWLDo4tiS9Z2j63sIeUehokDrT7sqYprCWDGgtAJZATQvyIaqhpdNzeRLsgEQqmw456_Jm5R2AEAFtBvy625rIvaF8wf0sws-Fcb3xbzFAg9hXE5PRRgKaybTudHNDtPn4vKP2Tvv_MMj2Lkwo936MIaHY07qlzTH4zl5NZgx4dun-4z8_HZ5f3FV3v74fn3x9ba0kqm57KSgouuMoH09GENthxYazhg2FAG4op2l0Kp-aISlnexrHDjWIDurWqwZPyMf1twpht8LplnvXbI4jsZjWJJWSijBGLSZ_PgsSRmjqs6L4hl9_x-6C0v0-R85j0oBefYMiRWyMaQUcdBTdHsTj5qCPhWjd3otRp-K0SB1LibbblZbxAntPw8iPsEHzY2AfByzHp3cuKwma8pqBdetrPV23uewL2sY5hUfHEadrENvsXcR7az74J6f5i--SrKo</recordid><startdate>20110901</startdate><enddate>20110901</enddate><creator>Khoury, Theodore A.</creator><creator>Pleggenkuhle-Miles, Erin G.</creator><general>Elsevier B.V</general><general>Elsevier</general><general>Elsevier Sequoia S.A</general><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><scope>JQ2</scope><scope>7TA</scope><scope>8FD</scope><scope>JG9</scope></search><sort><creationdate>20110901</creationdate><title>Shared inventions and the evolution of capabilities: Examining the biotechnology industry</title><author>Khoury, Theodore A. ; Pleggenkuhle-Miles, Erin G.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c528t-b5414bba41d6faa1cbec07322e71e00381bc1098df74c1b5d6ef3e605bc89e623</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2011</creationdate><topic>Accounting</topic><topic>Alliances</topic><topic>Biotechnology</topic><topic>Biotechnology industry</topic><topic>Capabilities</topic><topic>Enterprises</topic><topic>Evolution</topic><topic>Focusing</topic><topic>Inventions</topic><topic>Knowledge management</topic><topic>Organizational learning</topic><topic>Patents Capabilities Property rights Resource based theory Organizational learning Alliances</topic><topic>Property rights</topic><topic>R&D</topic><topic>Research & development</topic><topic>Research and development</topic><topic>Resource based theory</topic><topic>Strategy</topic><topic>Studies</topic><topic>Upstream</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Khoury, Theodore A.</creatorcontrib><creatorcontrib>Pleggenkuhle-Miles, Erin G.</creatorcontrib><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Computer Science Collection</collection><collection>Materials Business File</collection><collection>Technology Research Database</collection><collection>Materials Research Database</collection><jtitle>Research policy</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Khoury, Theodore A.</au><au>Pleggenkuhle-Miles, Erin G.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Shared inventions and the evolution of capabilities: Examining the biotechnology industry</atitle><jtitle>Research policy</jtitle><date>2011-09-01</date><risdate>2011</risdate><volume>40</volume><issue>7</issue><spage>943</spage><epage>956</epage><pages>943-956</pages><issn>0048-7333</issn><eissn>1873-7625</eissn><coden>REPYBP</coden><abstract>► Contributing to research on capabilities, organizational learning, and property rights, we uncover how shared inventions can be leveraged within R&D strategies. ► We leverage a patent's technological breadth to express new capabilities accrued to the firm. ► We propose and examine how the accumulation of jointly- versus solely owned invention experience affects capability development. ► Emphasizing the value of unique partners, we find how joint patents with downstream versus upstream actors variably impacts technological breadth and how these relationships vary depending on the focal patent being jointly or solely owned.
Do capabilities evolve differently as a function of the firm's unique ties or through the cumulative exposure to specific types of knowledge? We view capability evolution with respect to a firm's accumulation of knowledge-derived assets—patents. This study proposes that capabilities evolve by way of a firm's solo and joint invention experiences, and contends that these capabilities are uniquely shaped by the firm's history of patenting with two specific types of ties, upstream and downstream partners. Using a sample of 11,593 patents produced by 256 biotechnology firms from 1985 to 2006, we find that prior joint invention experience diversifies the capabilities of the firm and broadens its strategic options. In uncovering an inverted ‘U’ relationship, we also find that capabilities evolve differently according to the firm's unique joint invention experiences. Moreover, firms that continue to engage in more joint invention experiences develop broader capabilities than firms that retreat from this strategy and pursue solo inventions, whereby more specialized capabilities develop. Focusing on how R&D strategies impact capability development, our findings extend research on capabilities by accounting for how the path dependent role of shared property rights influences the technological trajectory of the firm.</abstract><cop>Amsterdam</cop><pub>Elsevier B.V</pub><doi>10.1016/j.respol.2011.05.007</doi><tpages>14</tpages></addata></record> |
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| subjects | Accounting Alliances Biotechnology Biotechnology industry Capabilities Enterprises Evolution Focusing Inventions Knowledge management Organizational learning Patents Capabilities Property rights Resource based theory Organizational learning Alliances Property rights R&D Research & development Research and development Resource based theory Strategy Studies Upstream |
| title | Shared inventions and the evolution of capabilities: Examining the biotechnology industry |
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