Title: Strategic objectives affecting the structure of service innovation partnerships in technology- and knowledge-intensive sectors
Authors: Adamantia Pateli
Addresses: Department of Informatics, Ionian University, 7 Tsirigoti Square, 49100, Corfu, Greece
Abstract: Pursuing and achieving service innovation is of utmost importance for firms operating in technology- and knowledge-intensive sectors. The lack of market consolidation combined with the environment uncertainty – due to both market volatility and technology unpredictability – require the formation of partnerships to produce innovation in ever-shorter service life cycles. Recent research in partnerships has suggested that some governance structures are inherently more likely than others to be associated with high opportunity to cheat, obtain new competence, adjust to changing environment conditions, and finally expand. The present study merged these theoretical insights into a general model of structuring and tested it with data from 99 strategic partnerships, 65 of which aimed at service innovation, in the Greek information and communication technology market. The empirical findings generally supported the proposed hypotheses, however, suggesting the need for a greater focus on transaction costs and real options arguments in the study of service innovation partnerships.
Keywords: governance structure; strategic objective; service innovation; partnerships; high technology; knowledge-intensive sectors; transaction costs; real options; Greece; technology-intensive sectors; high tech firms; ICT market.
International Journal of Web Engineering and Technology, 2011 Vol.6 No.4, pp.320 - 334
Available online: 27 Oct 2011 *Full-text access for editors Access for subscribers Purchase this article Comment on this article