Knowledge acquisition

Panos Desyllas

Chapter 92 in Elgar Encyclopedia of Mergers and Acquisitions, 2026, pp 237-239 from Edward Elgar Publishing

Abstract: This chapter discusses external knowledge sourcing as a complement to internal R&D, addressing constraints like path dependency and time compression. Firms utilize various methods, including alliances and acquisitions, based on knowledge characteristics and collaboration intensity. Strategies for combining internal and external knowledge, such as Cisco's “build, buy, partner, invest, and co-develop” approach, are explored. The chapter emphasizes aligning sourcing strategies with firms’ capabilities and strategic goals for innovation.

Keywords: Commitment; Absorptive capacity; R&D; Tacit knowledge; Path dependency; Time compression economies; Alliances; Contracting (search for similar items in EconPapers)
Date: 2026
ISBN: 9781800880856
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