Findings - Creating new resources

4 important questions on Findings - Creating new resources

What can be the reason for the lack of second-order competences?

The lack of financial resources, because it allows a company to take on debt to invest in building new technological and market resources.

Where consist technological competence of?

Such resources as engineering know-how, manufacturing facilities and knowhow, and patents. Building a new technological competence involves identifying promising technologies, hiring engineers in new areas, setting up new development and production facilities, and so on.

What are second-order R&D competences?

Second-order R&D competence is a competence at exploring new technologies and adding new technological competences to the firm’s repertoire.
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What is customer competence leverage?

A combination of exploitation of an existing customer competence (the ability to serve certain customers) and the exploration of a new technological competence.

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