University of Twente Proceedings

Transitional Governance in External Technology Sourcing Trajectories: Connecting Pre-Acquisition Collaboration to Post-Acquisition Integration

Faems, Dries (2008) Transitional Governance in External Technology Sourcing Trajectories: Connecting Pre-Acquisition Collaboration to Post-Acquisition Integration. In: The 16th Annual High Technology Small Firms Conference : May 22-23, 2008 + May 21 Doctoral Workshop, University of Twente, Enschede, The Netherlands., 22 May 2008 - 23 May 2008, Enschede, The Netherlands .

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Event:	The 16th Annual High Technology Small Firms Conference : May 22-23, 2008 + May 21 Doctoral Workshop, University of Twente, Enschede, The Netherlands., 22 May 2008 - 23 May 2008, Enschede, The Netherlands
Abstract:	Collaboration and acquisition have traditionally been observed as two alternative strategies to get access to external technologies. However, real option scholars have recently argued that firms can also engage in transitional technology sourcing trajectories where collaboration and acquisition are used as complementary strategies. While these real option scholars have identified factors that influence when partners are likely to shift from collaboration to acquisition, they remain silent on how such a transition can be effectively managed. Based on a multiple case-study of four transitional technology sourcing trajectories between one entrepreneurial and one established firm, this study therefore explores how the pre-acquisition collaboration stage and the post-acquisition integration are related to each other. Our findings suggest that entrepreneurial companies may use the pre-acquisition collaboration stage as a period to evaluate the goodwill of the established partner. In addition, we point to the presence of pre-acquisition integration efforts and the extent of strategic convergence during the pre-acquisition collaboration stage as factors that substantially influence the success of the post-acquisition integration process in transitional governance trajectories.
Item Type:	Conference or Workshop Item (Paper)
Link to this item:	http://purl.utwente.nl/proceedings/106
Organisation URL:	http://www.utwente.nl/bms/nikos/
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