Driving innovation through strategic alliances: a framework

Abstract

With increasing competition and business uncertainties, firms have realised the importance of innovation to improve their competitive strength. Companies have also started realising that they need to make a shift from acquiring resources to enjoying the benefits of combining their own resources with the assets of others. While the importance of innovation to spur economic revival across the globe cannot be debated, how strategic alliances can aid the innovation journey of organisations is a question. The paper reviews and applies the proposed conceptual framework, highlighting the factors that influence innovation in strategic alliances, to cases of strategic alliances between companies.