Effects of knowledge accumulation strategies through experience and experimentation on firm growth

Taewon Kang, Chulwoo Baek () and Jeong-Dong Lee ()

Technological Forecasting and Social Change, 2019, vol. 144, issue C, 169-181

Abstract: This study aims to identify the effects of knowledge accumulation strategies on firm growth. Especially, experience and experimentation are considered key strategies of knowledge accumulation in terms of qualitative aspects. We define experience as the composition of knowledge accumulation, such as the depth and breadth of knowledge base in the firm, and experimentation, as the method of knowledge accumulation, such as repetitive or new ways of learning. Even with the same level of effort, there are differences in the degree of knowledge accumulation depending on experience and experimentation, resulting in heterogeneity in firm competitiveness.

Keywords: Knowledge accumulation; Innovation strategy; Experience; Experimentation; Firm growth; Patent (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:144:y:2019:i:c:p:169-181

DOI: 10.1016/j.techfore.2019.04.003

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