Managers trying to gauge the impact of applying external knowledge sources to their firms’ innovations can draw on an existing body of research to help them in their task. However, there is very ...

To maintain a competitive advantage in a global economy it is increasingly important that multinational corporations (MNCs) have the ability to tap into new ideas and technologies beyond their ...

Loading the Elevenlabs Text to Speech AudioNative Player... Knowledge scouts play a vital role in helping firms build on external technologies. In essence, they act like “shepherds”, actively guiding ...

The problem: Generative AI Large Language Models (LLMs) can only answer questions or complete tasks based on what they been trained on - unless they’re given access to external knowledge, like your ...

Gone are the days when the research and development department was considered the font of all innovation in the company. These days, businesses draw practical inspiration and profitable ideas from far ...

Citations: Menon, Tanya, J. Pfeffer. 2003. Valuing Internal versus External Knowledge: Explaining the Preference for Outsiders. Management Science. (49)497-513.