Exploring the Role of Firm’s Absorptive Capacity and Managerial Phronetic Resources in Management Innovation and Its Outcomes
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Date
2022
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UMT, Lahore
Abstract
The innovation ability of organizations holds importance as they look to compete for greater market share and better performance. It also offers firms opportunities to grow and expand. The challenge for innovative companies is not limited to focus only on offering new products or adopting new ways of production, rather it also requires attention to be provided for altering organizational processes, practices, and structures. Studies involving innovation no longer focus solely on its technical aspects, instead management innovation initiatives currently attract significant academic and practitioner interest as these offer an important source of sustainable advantage due to their context specific nature. Management innovation is thought to emerge from the use of knowledge management processes which harvest new knowledge and opportunities for utilization.