Strategic technology sourcing in corporate ventures: A study of Taiwanese pharmaceutical firms
International Journal of Entrepreneurial Behavior & Research
ISSN: 1355-2554
Article publication date: 7 August 2009
Abstract
Purpose
The purpose of this paper is to examine the strategic technology outsourcing of corporate ventures from an integrated perspective.
Design/methodology/approach
The proposed model argues that technology sourcing modes are jointly determined by the technological regime, industry‐specific factors and resource‐based view (RBV), as well as firm‐specific factors. Four Taiwanese top publicly traded pharmaceutical companies dedicated to biotechnology are studied.
Findings
This paper demonstrates that firms most likely to outsource technology are characterized by the following technological regime factors: reliant on external sources of innovation, tight IPR protection, path independent from the existing technology trajectory, less complexity, easy to codify and having resource‐based (RB) factors: irrelevant to the core competence, weak complementary assets, and autonomous innovation.
Practical implications
Current approaches generally focus on technology sourcing with a single strategic theory. New venture managers can apply the list of four industry‐specific factors and three firm‐specific factors of sourcing technologies to determine the appropriate sourcing modes (internal vs internal).
Originality/value
There has been little research on how technology sourcing can be done from a holistic, strategic angle. This paper demonstrates that technology sourcing strategy could be properly done by integrating multi‐levels, industry, firm and governance factors in a coordinated plan.
Keywords
Citation
Chang, Y., Chen, Y. and Kuo, T. (2009), "Strategic technology sourcing in corporate ventures: A study of Taiwanese pharmaceutical firms", International Journal of Entrepreneurial Behavior & Research, Vol. 15 No. 5, pp. 497-517. https://doi.org/10.1108/13552550910983040
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited