The Impact of Technology Fusion on Enterprises'Exploitative and Exploratory Innovation Performance
Since the beginning of the 21st century,with the continuous development of breakthroughs and cross-fertilization of various disciplines,the technology fusion,which as a new and decisive factor in industrial development,has become a key pathway for enterprises to break through technological constraints,respond to market changes,and achieve innovative development,also promote the industrial cross-border collaboration to form a new innovation network.Particularly in innovative fields like new energy vehicles,whole-vehicle manufacturers as system integrators need to master a large amount of non-core knowledge and technology,and recombine it with their core technologies to maintain their competence in the fierce market and achieve sustainable growth.However,due to the inherent ambiguity and complexity of fusion phenomena,little research is found focusing on quantitatively examining the impact of different technology fusion modes on enterprise innovation.To this end,based on panel data of 343 new energy vehicle enterprises in China from 2005 to 2017,including data on new product development,patents,and enterprise characteristics,from the perspective of the relationship between technological elements,this paper builds an enterprise technology knowledge co-occurrence matrix using different categories of IPC classification codes,employs a negative binomial fixed-effects regression model to empirically study the effects of complementary technology fusion and substitutive technology fusion on enterprise performance in exploitative innovation and exploratory innovation.The research findings show that when enterprises lean towards exploitative innovation,seeking to meet consumer demands by improving existing products,designs,or services,they should adopt substitutive technology fusion to enhance their innovation performance.Conversely,when enterprises strive to explore new technological development paths to meet the needs of emerging customers or markets,the positive effects of complementary technology fusion become more prominent.Although substitutive technology fusion may initially endow existing technologies with new functionalities and greater competitiveness,it may hinder the further improvement of exploratory innovation performance in the later stages.Therefore,enterprise managers should deepen their understanding of the relationships between technological elements to better conduct organizational learning and innovation activities,and develop different technological innovation trajectories through various technology fusion approaches.
万方数据
维普
