Strategic Technological Sourcing Decisions in the Context of Timing and Market Strategies: An Empirical Analysis

Brem A, Gerhard D, Voigt KI (2014)

Publication Language: English

Publication Type: Journal article

Publication year: 2014

Journal

International Journal of Innovation and Technology Management World Scientific

Publisher: World Scientific Publishing Co. Pte. Ltd.

Book Volume: 11

Pages Range: 1450016-1 - 1450016-23

Journal Issue: 3

DOI: 10.1142/S0219877014500163

Abstract

In times of changing business models and international competition, there is an inherent need for companies to foster and develop mechanisms to absorb new technologies for innovative products and processes effectively. Such considerations lead to the strategic make-or-buy decision which was the subject of our research. This quantitative explanatory study in the German industry shows in particular that companies base their decision for internal or external sourcing on multiple weighted criteria with scoring models and, even more common, with portfolio matrices. These results are in common with recent research, however, other results are surprising, e.g. just a small minority of companies involve people from controlling and legal departments in these decision processes. The paper also reveals differences between companies with different timing and competitive strategies, which are in line with the proposed characteristics of these strategic focuses in literature. Implications for theory and practice are given to foster future research in this area.

In times of changing business models and international competition, there is an inherent need for companies to foster and develop mechanisms to absorb new technologies for innovative products and processes effectively. Such considerations lead to the strategic make-or-buy decision which was the subject of our research. This quantitative explanatory study in the German industry shows in particular that companies base their decision for internal or external sourcing on multiple weighted criteria with scoring models and, even more common, with portfolio matrices. These results are in common with recent research, however, other results are surprising, e.g. just a small minority of companies involve people from controlling and legal departments in these decision processes. The paper also reveals differences between companies with different timing and competitive strategies, which are in line with the proposed characteristics of these strategic focuses in literature. Implications for theory and practice are given to foster future research in this area.


Read More: http://www.worldscientific.com/doi/abs/10.1142/S0219877014500163

Authors with CRIS profile

Alexander Brem Lehrstuhl für Technologiemanagement Daniel Gerhard Lehrstuhl für Betriebswirtschaftslehre, insbesondere Industrielles Management Kai-Ingo Voigt Lehrstuhl für Betriebswirtschaftslehre, insbesondere Industrielles Management

How to cite

APA:

Brem, A., Gerhard, D., & Voigt, K.-I. (2014). Strategic Technological Sourcing Decisions in the Context of Timing and Market Strategies: An Empirical Analysis. International Journal of Innovation and Technology Management, 11(3), 1450016-1 - 1450016-23. https://dx.doi.org/10.1142/S0219877014500163

MLA:

Brem, Alexander, Daniel Gerhard, and Kai-Ingo Voigt. "Strategic Technological Sourcing Decisions in the Context of Timing and Market Strategies: An Empirical Analysis." International Journal of Innovation and Technology Management 11.3 (2014): 1450016-1 - 1450016-23.

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