Recent studies on innovation in food industry have emphasized the importance of external sources of knowledge and collaboration in the innovation development process, in line with the open innovation paradigm. In particular, they highlight the key role of acquiring knowledge and building strategic networks with external sources in order to compete and growth. Nevertheless, literature has not thoroughly investigated the effects of acquiring another firm on firm’s innovation structure, and on both product and process innovation, even if management literature recognised its strategic role. Indeed, the effects of acquiring another firm are fairly investigated, but not in the food industry. In this context, the paper aims at filling this gap by studying the effects of an acquisition in food industry with particular emphasis on the benefits and synergies in terms of product and process innovation. To reach this goal, we employ a qualitative methodology, focused on a single case study. The case study is relevant as it indicates that acquisition in food industry can be a strategic path in order to enhance innovativeness and sustaining competitiveness
INNOVATION THROUGH ACQUISITION IN FOOD INDUSTRY: A CASE STUDY
GIACOSA, Elisa;SANTORO, GABRIELE
2016
Abstract
Recent studies on innovation in food industry have emphasized the importance of external sources of knowledge and collaboration in the innovation development process, in line with the open innovation paradigm. In particular, they highlight the key role of acquiring knowledge and building strategic networks with external sources in order to compete and growth. Nevertheless, literature has not thoroughly investigated the effects of acquiring another firm on firm’s innovation structure, and on both product and process innovation, even if management literature recognised its strategic role. Indeed, the effects of acquiring another firm are fairly investigated, but not in the food industry. In this context, the paper aims at filling this gap by studying the effects of an acquisition in food industry with particular emphasis on the benefits and synergies in terms of product and process innovation. To reach this goal, we employ a qualitative methodology, focused on a single case study. The case study is relevant as it indicates that acquisition in food industry can be a strategic path in order to enhance innovativeness and sustaining competitiveness
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