EFFECTS OF EXPLORATION ON THE RELATIONSHIP BETWEEN INTELLECTUAL CAPITAL AND THE RETAINED TECHNICAL VALUE OF INNOVATION

As organizational success becomes increasingly tied to the generation of new technologies and the continuous improvement of existing technologies, numerous questions arise regarding the management of knowledge in ways that maximize the technical value of the resulting innovations. Scholars and practitioners alike need to gain a better understanding of not only how knowledge can be applied to the generation of technically valuable innovations, but also how that value can be captured and retained by the innovating organization itself. Using patent-based measures across 117 innovations in the inkjet printing field over the last two decades of the twentieth century, the research described in this study investigates the relationships among selected components of intellectual capital, different knowledge exploration (i.e., search and selection) strategies, and the retained technical value of organizationally generated innovations.