Resumen de The Time it takes: Knowledge search and innovation breakthroughs
Innovation is not an overnight phenomenon. Instead, it is a complex and time-consuming process that requires exploring new concepts, developing theories, experimenting, and accepting failures. This dissertation aims to investigate the temporal aspects of the knowledge search process by focusing on three crucial elements: persistence, time pressure, and the time required to appropriate the value of an invention. The first chapter delves into the concept of persistence in the search process, challenging the conventional wisdom that failure should be abandoned and proposing how persisting in a failing course of action can eventually lead to a successful outcome within the same flawed idea. The second chapter explores the impact of external time pressures on the search process of firms. This study examines how companies adapt their knowledge search strategies to meet time constraints. Finally, the third chapter investigates the temporal disparity between generating and capturing value from breakthrough inventions. Overall, this thesis shed new light on the role of time in the knowledge search process and the development of breakthrough innovations.
