A configurational approach to new product development performance: the role of open innovation, digital transformation and absorptive capacity

Marina Dabić; Tena Obradović Posinković; Božidar Vlačić; Ricardo Gonçalves

doi:10.1016/j.techfore.2023.122720

A configurational approach to new product development performance: the role of open innovation, digital transformation and absorptive capacity

Marina Dabić^*, Tena Obradović Posinković, Božidar Vlačić, Ricardo Gonçalves

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

25 Citations (Scopus)

Abstract

Globalization, digital acceleration, and market shocks have all revealed the importance of new product development in enabling companies to remain competitive. Focusing on digitally mature companies, we look into the different routes that organizations can take to accomplish this goal, involving a mix of inbound/outbound open innovation, digital transformation, and absorptive capabilities in the path towards higher levels of new product development performance. By employing structural equation modeling and fuzzy set qualitative comparative analysis, four different organizational pathways emerge. A detailed analysis of these pathways provides further insights for scholars and practitioners, enhancing our understanding of the active role of open innovation, digital transformation, and absorptive capacity in new product development performance.

Original language	English
Article number	122720
Number of pages	12
Journal	Technological Forecasting and Social Change
Volume	194
DOIs	https://doi.org/10.1016/j.techfore.2023.122720
Publication status	Published - 30 Jun 2023

Keywords

New product development performance
Open innovation
Absorptive capacity
Digital transformation
Fuzzy set qualitative comparative analysis

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.techfore.2023.122720

http://hdl.handle.net/10400.14/41514Licence: CC BY-NC-ND

Cite this

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title = "A configurational approach to new product development performance: the role of open innovation, digital transformation and absorptive capacity",

abstract = "Globalization, digital acceleration, and market shocks have all revealed the importance of new product development in enabling companies to remain competitive. Focusing on digitally mature companies, we look into the different routes that organizations can take to accomplish this goal, involving a mix of inbound/outbound open innovation, digital transformation, and absorptive capabilities in the path towards higher levels of new product development performance. By employing structural equation modeling and fuzzy set qualitative comparative analysis, four different organizational pathways emerge. A detailed analysis of these pathways provides further insights for scholars and practitioners, enhancing our understanding of the active role of open innovation, digital transformation, and absorptive capacity in new product development performance.",

keywords = "New product development performance, Open innovation, Absorptive capacity, Digital transformation, Fuzzy set qualitative comparative analysis",

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note = "Funding Information: Ph.D. Tena Obradovi{\'c} Posinkovi{\'c} would like to thank the Croatian Science Foundation for the financial support under the grant agreement DOK-2018-09-5658 . Publisher Copyright: {\textcopyright} 2023 Elsevier Inc.",

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doi = "10.1016/j.techfore.2023.122720",

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AU - Vlačić, Božidar

AU - Gonçalves, Ricardo

N1 - Funding Information: Ph.D. Tena Obradović Posinković would like to thank the Croatian Science Foundation for the financial support under the grant agreement DOK-2018-09-5658 . Publisher Copyright: © 2023 Elsevier Inc.

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A configurational approach to new product development performance: the role of open innovation, digital transformation and absorptive capacity

Abstract

Keywords

UN SDGs

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CEGE: Research Center in Management and Economics

Cite this

A configurational approach to new product development performance: the role of open innovation, digital transformation and absorptive capacity

Abstract

Keywords

UN SDGs

Access to Document

Other files and links

Embargoed Document

Fingerprint

Projects

CEGE: Research Center in Management and Economics

Cite this