Knowledge spectrum explored: Understanding source-recipient interactions and their influence on technology convergence

Abstract

In a rapidly evolving technological landscape, firms are strategically diversifying into multiple tech sectors, blurring traditional industry lines through ‘industry convergence’. To comprehend the inception of technology convergence from the roots of knowledge, this study bridges knowledge flow framework with the dynamic capabilities theory, considering the dual roles of firms in knowledge flow and whether they engage in pioneering or follower-type technological innovations. Through this integrated approach, this study classifies technology convergence into four distinct patterns. An analysis of USPTO data spanning 1976–2019 underscores that as knowledge matures, its application in convergence processes intensifies. Pioneers exhibit faster knowledge advancement and maintain focused partnerships, whereas followers diversify across disciplines and pursue extensive collaborations. These results highlight the strategic importance for firms to coordinate their knowledge-based attributes with their technological progression pace. Firms should strategically harmonize their innovation approaches with their market stance to fully leverage the advantages of technology convergence.