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The Effects of Dynamic Absorptive Capacity on Innovation Strategy: Evidence from SMEs in a Technological Context

dc.contributor.authorBedoya-Villa M
dc.contributor.authorPérez-Sánchez E
dc.contributor.authorBaier-Fuentes H
dc.contributor.authorZapata-Molina C
dc.contributor.authorRomán-Castaño E.
dc.date.accessioned2023-10-24T19:24:35Z
dc.date.available2023-10-24T19:24:35Z
dc.date.created2023
dc.identifier.issn22277390
dc.identifier.urihttp://hdl.handle.net/11407/7974
dc.description.abstractAbsorptive capacity and innovation strategies are determining issues for the survival of organizations in current contexts. While organizations are immersed in the knowledge society, managers face great challenges to respond to market needs and performance in innovation ecosystems. This article aims to analyze the effects of absorptive capacity on the implementation of innovation strategy. A quantitative research study was conducted with a sample of 51 SMEs, and the construct model was analyzed using the SEM method. The results indicate that there is a high correlation between the level of absorptive capacity and innovation strategies. Even though firms in this specific sector work with advanced technologies, there is a basic level of development of absorptive capacity, generating some difficulties for the design and implementation of innovation strategies. Furthermore, by using the acquisition, assimilation, transformation, and exploitation of knowledge from the competitive landscape, firms improve their adaptability in the technological environment. The effects of absorptive capacity on innovation strategy contribute to the development of the extant literature on innovation management strategy and provide some managerial implications and future research areas. © 2023 by the authors.eng
dc.language.isoeng
dc.publisherMDPI
dc.relation.isversionofhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85160518369&doi=10.3390%2fmath11102366&partnerID=40&md5=543eb48add38f14121ccf73da22a9808
dc.sourceMathematics
dc.sourceMathematicseng
dc.subjectAbsorptive capacityeng
dc.subjectDynamiceng
dc.subjectInnovationeng
dc.subjectSMEseng
dc.subjectStrategyeng
dc.subjectTechnologicaleng
dc.titleThe Effects of Dynamic Absorptive Capacity on Innovation Strategy: Evidence from SMEs in a Technological Contexteng
dc.typeArticle
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccess
dc.publisher.programAdministración de Empresasspa
dc.type.spaArtículo
dc.identifier.doi10.3390/math11102366
dc.relation.citationvolume11
dc.relation.citationissue10
dc.publisher.facultyFacultad de Ciencias Económicas y Administrativasspa
dc.affiliationBedoya-Villa, M., School of Administrative and Economics Sciences, Technological of Antioquia University, Medellin, 050005, Colombia
dc.affiliationPérez-Sánchez, E., School of Economics and Administrative Sciences, University of Medellin, Medellin, 050005, Colombia
dc.affiliationBaier-Fuentes, H., School of Economic and Administrative Sciences, Universidad Católica de la Santísima Concepción, Concepción, 4030000, Chile
dc.affiliationZapata-Molina, C., School of Administrative and Economics Sciences, Technological of Antioquia University, Medellin, 050005, Colombia
dc.affiliationRomán-Castaño, E., School of Economics and Administrative Sciences, University of Medellin, Medellin, 050005, Colombia
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