Technology acquisitions as a supporting tool for improving companies’ innovative potential
In line with the open innovation paradigm, technology acquisitions which seek to gain access to new technologies and knowledge are becoming an important strategic tool for enhancing the innovative potential of companies. This research study is aimed at showing how technology acquisitions can help co...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Kragujevac
2021-04-01
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| Series: | Economic Horizons |
| Subjects: | |
| Online Access: | https://horizonti.ekfak.kg.ac.rs/sites/default/files/Casopis/2021_1/EH_2021_1_en_2_SS.pdf |
| _version_ | 1797740202027909120 |
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| author | Sladjana Savovic Dejana Zlatanovic Jelena Nikolic |
| author_facet | Sladjana Savovic Dejana Zlatanovic Jelena Nikolic |
| author_sort | Sladjana Savovic |
| collection | DOAJ |
| description | In line with the open innovation paradigm, technology acquisitions which seek to gain access to new technologies and knowledge are becoming an important strategic tool for enhancing the innovative potential of companies. This research study is aimed at showing how technology acquisitions can help companies be more successful in making an innovation a reality. In that sense, various possibilities of improving companies’ innovative potential after the implementation of technology acquisitions are analyzed in the paper. The challenges that companies are faced with in a period after technology acquisitions are explained and possible ways to overcome those challenges are indicated as well. The results of the conducted empirical research in the impact of technology acquisitions on a company’s innovation are presented. The paper confirms the fact that the process of acquiring technology and knowledge from external sources and the harmonization of external knowledge with the internally developed knowledge base improve a company’s innovative potential. Additionally, the research results show that acquisitions increase the likelihood of innovation in integration companies. Innovations are also made a reality much faster than they would be without the cooperation of companies. |
| first_indexed | 2024-03-12T14:09:04Z |
| format | Article |
| id | doaj.art-c151f42db8824fb8a1b557b32d080953 |
| institution | Directory Open Access Journal |
| issn | 1450-863X 2217-9232 |
| language | English |
| last_indexed | 2024-03-12T14:09:04Z |
| publishDate | 2021-04-01 |
| publisher | University of Kragujevac |
| record_format | Article |
| series | Economic Horizons |
| spelling | doaj.art-c151f42db8824fb8a1b557b32d0809532023-08-21T09:36:05ZengUniversity of KragujevacEconomic Horizons1450-863X2217-92322021-04-0123131710.5937/ekonhor2101003STechnology acquisitions as a supporting tool for improving companies’ innovative potentialSladjana Savovic0Dejana Zlatanovic1Jelena Nikolic2Faculty of Economics, University of Kragujevac, The Republic of SerbiaFaculty of Economics, University of Kragujevac, The Republic of SerbiaFaculty of Economics, University of Kragujevac, The Republic of SerbiaIn line with the open innovation paradigm, technology acquisitions which seek to gain access to new technologies and knowledge are becoming an important strategic tool for enhancing the innovative potential of companies. This research study is aimed at showing how technology acquisitions can help companies be more successful in making an innovation a reality. In that sense, various possibilities of improving companies’ innovative potential after the implementation of technology acquisitions are analyzed in the paper. The challenges that companies are faced with in a period after technology acquisitions are explained and possible ways to overcome those challenges are indicated as well. The results of the conducted empirical research in the impact of technology acquisitions on a company’s innovation are presented. The paper confirms the fact that the process of acquiring technology and knowledge from external sources and the harmonization of external knowledge with the internally developed knowledge base improve a company’s innovative potential. Additionally, the research results show that acquisitions increase the likelihood of innovation in integration companies. Innovations are also made a reality much faster than they would be without the cooperation of companies.https://horizonti.ekfak.kg.ac.rs/sites/default/files/Casopis/2021_1/EH_2021_1_en_2_SS.pdftechnology acquisitionsopen innovationknowledge transferperformanceinnovativeness |
| spellingShingle | Sladjana Savovic Dejana Zlatanovic Jelena Nikolic Technology acquisitions as a supporting tool for improving companies’ innovative potential Economic Horizons technology acquisitions open innovation knowledge transfer performance innovativeness |
| title | Technology acquisitions as a supporting tool for improving companies’ innovative potential |
| title_full | Technology acquisitions as a supporting tool for improving companies’ innovative potential |
| title_fullStr | Technology acquisitions as a supporting tool for improving companies’ innovative potential |
| title_full_unstemmed | Technology acquisitions as a supporting tool for improving companies’ innovative potential |
| title_short | Technology acquisitions as a supporting tool for improving companies’ innovative potential |
| title_sort | technology acquisitions as a supporting tool for improving companies innovative potential |
| topic | technology acquisitions open innovation knowledge transfer performance innovativeness |
| url | https://horizonti.ekfak.kg.ac.rs/sites/default/files/Casopis/2021_1/EH_2021_1_en_2_SS.pdf |
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