They found that how firms are connected to one another influences the number of patented inventions they obtained. Those that secured more patents were classified by Phelps and Schilling as being more creative.?According to the researchers, ompanies reap greater benefits when they are part of a network that exhibits a high degree of clustering and only a few degrees of separation, both of which are characteristic of a small world network.?Of course, this makes sense.But do universities need to use business PR lingo? For example, take a look at this quote from Phelps. ur results are particularly important because in today knowledge economy, innovation is king. Without the ability to continually create and commercialize new products and services, companies often wither and die.This study helps us understand how large-scale alliance networks influence innovation. It improves our understanding of why some industries and regions are more innovative than others.?What do you think? For more real information, this research work has been published in Management Science under the name nterfirm Collaboration Networks: The Impact of Large-Scale Network Structure on Firm Innovation?(Volume 53, Number 7, Pages 1113-1126). Here is the abstract. he structure of alliance networks influences their potential for knowledge creation. Dense local clustering provides information transmission capacity in the network by fostering communication and cooperation.Nonredundant connections contract the distance between firms and give the network greater reach by tapping a wider range of knowledge resources. We propose that firms embedded in alliance networks that exhibit both high clustering and high reach (short average path lengths to a wide range of firms) will have greater innovative output than firms in networks that do not exhibit these characteristics. We find support for this proposition in a longitudinal study of the patent performance of 1,106 firms in 11 industry-level alliance networks.?Finally, here is a link to the full study (PDF format, 14 pages, 216 KB) from which the above illustration and its caption have been extracted. Sources: University of Washington News, August 16, 2007; and various websites Youl find related stories by following the links below.Business Economy Innovation Patents Social Networks. The e-commerce company in China offers quality products such as Craft Glass Ornaments Manufacturer , China Custom Decorative Plates, and more. For more , please visit Home Decoration Pieces today!
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