Mapping the impact of social media for innovation: the role of social media in explaining innovation performance in the PDMA Comparative Performance Assessment Study

Roberts, Deborah L. and Piller, Frank and Lüttgens, Dirk (2016) Mapping the impact of social media for innovation: the role of social media in explaining innovation performance in the PDMA Comparative Performance Assessment Study. Journal of Product Innovation Management, 33 (S1). pp. 117-135. ISSN 1540-5885

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Abstract

Social media (SM) allow users to easily create, edit, or share content. The vast numbers of individuals that converge around sites like LinkedIn, Facebook, or Twitter embody a rich source of external knowledge that could be utilized for new product development (NPD). Complementing other channels for open innovation, SM can provide access to novel information about customer needs and technological solutions unknown to the firm. Anecdotal evidence suggests that there are considerable benefits from using SM during an innovation project, but empirical evidence is scare. Contributing to the perspective of openness in search, a number of hypotheses propose how SM as a new channel for open innovation can contribute to firm performance. This model is tested using data from the PDMA Comparative Performance Assessment Study (CPAS), identifying factors influencing the relationship between SM and NPD performance. The findings indicate that utilizing information from SM channels can lead to higher performance, but that this link is influenced by the formalization of a firm's NPD process. This study also finds that the ability of a firm to benefit from external search in SM strongly depends upon complementary internal processes when organizing and conducting this activity. Furthermore, managers have to take care when utilizing information from SM channels in radical projects, as for this kind of projects only a weak significant performance contribution of SM could be found.

Item Type: Article
Additional Information: This is the peer reviewed version of the following article: Mapping the Impact of Social Media for Innovation: The Role of Social Media in Explaining Innovation Performance in the PDMA Comparative Performance Assessment Study / Deborah L. Roberts, Frank T. Piller and Dirk Lüttgens, which has been published in final form at http://dx.doi.org/10.1111/jpim.12341. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Schools/Departments: University of Nottingham, UK > Faculty of Social Sciences > Nottingham University Business School
Identification Number: 10.1111/jpim.12341
Depositing User: Howis, Jennifer
Date Deposited: 23 Mar 2017 14:47
Last Modified: 11 Apr 2017 06:02
URI: http://eprints.nottingham.ac.uk/id/eprint/41484

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