The Influence of Strategic Alliance On Cibinong Science and Technology Park (C-STP) Performance
DOI:
https://doi.org/10.12695/ajtm.2016.9.2.6Abstract
Abstract. Science and Technology Parks (STPs) have generated a thriving debate among academics, practitioners and policy makers on their effectiveness as instruments of innovation policy. Meanwhile, the relationship between factors including the actors involved in the implementation of STP became an obstacle. The strategic alliance is one of the management approaches that can be used to answer the question. The purpose of this study was to analyze the impact of the implementation of the strategic alliance and its influence on the performance of C-STP, and examines the relationship between organizations resource availability and absorptive capacity as well as type of alliances with organizational performance. Collecting data in this study using a questionnaire with 32 respondents were then analyzed using Structural Equation Modeling (SEM). The results show that collaboration and partnership is a factor to be considered to enhance the capabilities and performance of C-STP. Meanwhile, C-STP need to increase their efforts in improving internal resources is a source of competitive advantage in order to achieve superior business performance.
Keyword: Absorptive capacity, C-STP, resources, strategic alliance, structural equation modeling
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References
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Anand & Khanna. (2000). Do firms learn to create value? The case of alliances. Strategic Management Journal, 21, 295-315.
Anderson & Gerbing. (1988). Structural equation modeling in Practice: A review and recommended two-step approach. Psychological Bulletin, 103(3), 411-423.
Barney. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1) 99-120.
Bentler & Bonnet. (1980). Significance tests and goodness of fit in the analysis of covariance structures. Psychological Bulletin, 88, 588-606.
Browne & Cudeck. (1993). Alternative ways of assessing model fit, in Testing structural equation models,. Bollen & Long, Editor.,Newbury Park, CA: Sage, 1993.
Carayannis, E. G., & Provance, M. (2008). Measuring firm innovativeness: towards a composite innovation index built on firm innovative posture, propensity, and performance attributes. International Journal Innovation and Regional Development, 1(1), 90-107.
Chen & Wang. (2009). Technological innovation and technology-intensive manufacturer: A case study of CSR. Proceedings of the 4th International Conference on Product Innovation Management, Vols I and Ii, ed. S.H. Hu and H. Thota. Wuhan: Hubei Peoples Press. 509-513.
Chung, Singh, & Lee. (2000). Complementarity, status similarity and social capital as drivers of alliance formation. Strategic Management Journal, 21, 1-22.
Churchill. (1979). A paradigm for developing better measures of marketing constructs. Journal of Marketing Research, 16 (1), 64-73.
Churchill. (1999). Marketing Research: Methodological Foundationsâ€. 7th ed: The Dryden Press, Hancourt Brace College Publishers.
Cohen & Levinthal. (1990). Absorptive capacity: A new perspective on learning and innovation. Administrative Science Quarterly, 35, 128-152.
Colombo, Grilli, & Piva. (2006). In search of complementary assets: The determinants of alliance formation of high-tech start-ups. Research Policy, 35, 1166-1199.
Pateli. (2009). Decision making on governance of strategic technology alliances. Management Decision, 47(2), 246-270.
Das & Teng. (2000). A resource-based theory of strategic alliances. Journal of Management, 26(1), 31-61.
Das & Teng. (1998). Resource and risk management in the strategic alliance making process. Journal of Management, 24(1), 21-42.
Di Benedetto, Calantone, & C. Zhang. (2003). International technology transfer: Model and exploratory study in the People's Republic of China. International Marketing Review, 20(4), 446-462.
Duysters & Hagedoorn. (2002). External appropriation of innovative capabilities: The choice between strategic partnering and mergers and acquisitions. Journal of Management Studies, 39(2), 167-188.
Dussauge, Garrette, & Mitchell. (2000). Learning from competing partners: Outcomes and durations of scale and link alliances in Europe, North America and Asia. Strategic Management Journal, 21, 99-126.
Eisenhardt & Schoonhoven. (1996). Resource-based view of strategic alliance formation: Strategic and social effects in entrepreneurial firms. Organization Science 7(2),136-150.
Goerzen. (2007). Alliance Networks and firm performance: The impact of repeated partnerships. Strategic Management Journal, 28, 487-509.
Goerzen, A. & Beamish, W. (2005). The effect of alliance network diversity on multinational enterprise performance. Strategic Management Journal, 26(5) 333-354.
Grant. (1991). The resource-based theory of competitive advantage: Implications for strategy formulation. California Management Review, 33(3), 114-135.
Gulati, R. (1998). Alliances and networks. Strategic Management Journal, 19, 293-317.
Gulati, R. (1995a). Does familiarity breed trust? The implications of repeated ties for contractual choices in alliances’. Academy of Management Journal, 38, 85-112.
Hagedoorn. (1996). Trends and patterns in strategic technology partnering since the early seventies. Review of Industrial Organization, 11, 601-616.
Hagedoorn & Schakenraad. (1994). The effect of strategic technology alliances on company performance. Strategic Management Journal, 15(4), 291-309.
Hagedoorn & Sedaitis. (1998). Partnership in transition economies: International strategic technology alliances in Russia. Research Policy, 27, 177-185.
Hagedoorn, Carayannis, & Alexander. (2001). Strange bedfellows in the personal computer industry: Technology alliances between IBM and Apple. Research Policy, 30, 837-849.
Hamel. (1991). Competition for competence and inter-partner learning within international strategic alliances. Strategic Management Journal, 12, 83-103.
Harrison, J.S. , Hitt, M.A., Hoskisson, R.E., & Ireland, R.D. (1991). Synergies and post-acquisition performance: Differences versus similarities in resource allocations. Journal of Management, 27, 679-690.
Hitt. (1998). Twenty-first century organizations: business firms, business schools, and the academy. Academy of Management Review, 23, 218-224.
Hu & Bentler. (1999). Cutoff criteria for fit indexes in covariance structure analysis: Conventional criteria versus new alternatives. Structural Equation Modelling, 6(1),1-55.
Ireland & Hitt. (1999). Achieving and maintaining strategic competitiveness in the 21st century: the role of strategic leadership. Academy of Management Executive, 13, 43-57.
Jamali. (2004). Success and failure mechanisms of public private partnerships (PPPs) in developing countries: Insights from the Lebanese context. International Journal of Public Sector Management, 17(5), 414-430.
Jegathesan, Gunasekaran, & Muthaly. (1997). Technology development and transfer: Experience from Malaysia. International Journal of Technology Management, 13(2), 196-214.
Jones, Lanctot, & Teegen. (2000). Determinants and performance impacts of external technology acquisition. Journal of Business Venturing, 16, 255-283.
Ju, T.L., Chen, S.-H., Li, C.-Y., & Lee, T.-S. (2005). A strategic contingency model for technology alliance. Industrial Management & Data Systems, 105(5), 623-644.
Judge & Dooley. (2006). Strategic alliance outcomes: A transaction-cost economics perspective. British Journal of Management, 17, 23-37.
Kanter, R. M. (1987). From status to contribution: Some organizational implications of the changing basis for pay. Personnel, 64, 12–37.
Kogut. (1988). Joint ventures: Theoretical and empirical perspectives. Strategic Management Journal, 9, 319-332,
Kristinsson & R. Rao. (2008). Interactive learning or technology transfer as a way to catch-up? Analyzing the wind energy industry in Denmark and India. Industry and Innovation, 13(3), 297-320.
Kurukawa. (1997). Make-or-buy decisions in R&D: Small technology based firms in the United States and Japan. IEEE Transactions on Engineering Management, 44(2), 124-134.
Leech, Barrett, & Morgan. (2005). SPSS intermediate statistics: Use and interpretationâ€. 2nd ed: Lawrence Erlbaum Associates, Mahwah, New Jersey.
Lee & Tan. (2006). Technology transfer, FDI and Growth in the ASEAN Region. Journal of the Asia Pacific Economy, 11(4), 394-410.
Lei. (1993). Offensive and defensive uses of alliances. Long Range Planning, 26(4), 32-41.
Majumdar. (2009). Technology transfer by foreign firms and the utilization of competencies within Indian industry. The Journal of Technology Transfer, 34(1), 95-117.
McKeown. (2008). The truth about innovationâ€. London: Prentice Hall.
Nielsen. (2007). Determining international strategic alliance performance: A multidimensional approach. International Business Review, 16, 337-361.
Lee. (2007). Strategic alliances influence on small medium firm performance. Journal of Business Research, 60, 731-741.
Link, A.N. (1988). Acquisitions as sources of technological innovation. Mergers and Acquisitions, 23 (3), 36-39.
Norman. (2004). Knowledge acquisition, knowledge loss, and satisfaction in high technology alliances. Journal of Business Research, 57, 610-619.
Nagarajan & W. Mitchell. (1998). Evolutionary diffusion: Internal and external methods used to acquire encompassing, complementary, and incremental technological changes in the lithotripsy industry. Strategic Management Journal, 19, 1063-1077.
Nunnally. (1978). Psychometric theory. New York: McGraw-Hill.
Oxley & Sampson. (2004). The scope and governance of international R&D alliances. Strategic Management Journal, 25, (8-9), 723-749.
Peteraf. (1993). The cornerstones of competitive advantage: A resource-based view. Strategic Management Journal, 14, 171-191.
Rothaermel & Deeds. (2006). Alliance type, alliance experience and alliance management capability in high-technology ventures. Journal of Business Venturing, 21, 429-460.
Schoenmakers & Duysters. (2006). Learning in strategic technology alliances. Technology Analysis & Strategic Management, 18(2), 245-264.
Simonin. (2004). An empirical investigation of the process of knowledge transfer in international strategic alliances. Journal of International Business Studies, 35, 407-427.
Shenkar & Li. (1999). Knowledge search in international cooperative ventures. Organization Science, 10, 134-143.
Soh & Roberts. (2005). Technology alliances and networks: An external link to research capability. IEEE Transactions on Engineering Management, 52(4), 419-428.
Spekman, K, Jr, & Myhr. (1998). An empirical investigation into supply chain management, a perspective on partnerships. International Journal of Physical Distribution & Logistics Management, 28(8), 630-650.
Spekman, R. E, Isabella, L.A., MacAvoy, T.C., & T. Forbes III. (1996). Creating Strategic Alliances which endure. Long Range Planning, 29 (3), 346-357
Spekman, Salmond, & Lambe. (1996). Consensus and Collaboration: norm regulated behavior in industrial marketing relationships. European Journal of Marketing, 31(11/12), 832-856.
Szulanski. (1996). Exploring internal stickiness: Impediments to the transfer of best practice within a firm. Strategic Management Journal, 7(winter special issue), 27-43.
Tsai & Wang. (2009). External technology sourcing and innovation performance in LMT sectors: An analysis based on the Taiwanese Technological Innovation Survey. Research Policy, 38, 518-526.
Vanhaverbeke, W., V.A. Gilsing, B. Beerkens & G.M. Duysters. (2009). Explorative and exploitative learning in technology alliance networks: a local action approach. Journal of Management Studies, 46(2), 215 - 244.
Verspagen & Duysters. (2004). The small worlds of strategic technology alliances. Technovation, 24, 563-571.
Vilkamo & T. Keil. (2003). Strategic technology partnering in high-velocity environments - lessons from a case study. Technovation, 23, 193-204.
Vyas, Niren M., William L Shelburn, & Dennis C Rogers. (1995). An analysis of strategic alliances: forms, functions and framework. Journal of Business and Industrial Marketing, 10(3), 47-60
Wahab, A., & Che Rose. (2009). A framework on the effects on inter-firm technology transfer in international joint venture. The Journal of International Social Research. 2(9), 423-443.
White & Bruton. (2007). The management of technology and innovation: A strategic approach, 1st ed., Thomson South-Western.
Wenerfelt. (1984). A resource-based view of the firm. Strategic Management Journal, 5, 171-180.
Ybarra & Turk. (2009). The evolution of trust in information technology alliances. Journal of High Technology Management Research, 20(1), 62-74.
Zahra & George. (2002). Absorptive capacity: A review, reconceptualization, and extension. Academy of Management Review, 27(2), 185-203.
Zahra. (1996). Technology strategy and financial performance: Examining the moderating role of a firm's competitive environment. Journal of Business Venturing, 11, 189-219.
Anand & Khanna. (2000). Do firms learn to create value? The case of alliances. Strategic Management Journal, 21, 295-315.
Anderson & Gerbing. (1988). Structural equation modeling in Practice: A review and recommended two-step approach. Psychological Bulletin, 103(3), 411-423.
Barney. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1) 99-120.
Bentler & Bonnet. (1980). Significance tests and goodness of fit in the analysis of covariance structures. Psychological Bulletin, 88, 588-606.
Browne & Cudeck. (1993). Alternative ways of assessing model fit, in Testing structural equation models,. Bollen & Long, Editor.,Newbury Park, CA: Sage, 1993.
Carayannis, E. G., & Provance, M. (2008). Measuring firm innovativeness: towards a composite innovation index built on firm innovative posture, propensity, and performance attributes. International Journal Innovation and Regional Development, 1(1), 90-107.
Chen & Wang. (2009). Technological innovation and technology-intensive manufacturer: A case study of CSR. Proceedings of the 4th International Conference on Product Innovation Management, Vols I and Ii, ed. S.H. Hu and H. Thota. Wuhan: Hubei Peoples Press. 509-513.
Chung, Singh, & Lee. (2000). Complementarity, status similarity and social capital as drivers of alliance formation. Strategic Management Journal, 21, 1-22.
Churchill. (1979). A paradigm for developing better measures of marketing constructs. Journal of Marketing Research, 16 (1), 64-73.
Churchill. (1999). Marketing Research: Methodological Foundationsâ€. 7th ed: The Dryden Press, Hancourt Brace College Publishers.
Cohen & Levinthal. (1990). Absorptive capacity: A new perspective on learning and innovation. Administrative Science Quarterly, 35, 128-152.
Colombo, Grilli, & Piva. (2006). In search of complementary assets: The determinants of alliance formation of high-tech start-ups. Research Policy, 35, 1166-1199.
Pateli. (2009). Decision making on governance of strategic technology alliances. Management Decision, 47(2), 246-270.
Das & Teng. (2000). A resource-based theory of strategic alliances. Journal of Management, 26(1), 31-61.
Das & Teng. (1998). Resource and risk management in the strategic alliance making process. Journal of Management, 24(1), 21-42.
Di Benedetto, Calantone, & C. Zhang. (2003). International technology transfer: Model and exploratory study in the People's Republic of China. International Marketing Review, 20(4), 446-462.
Duysters & Hagedoorn. (2002). External appropriation of innovative capabilities: The choice between strategic partnering and mergers and acquisitions. Journal of Management Studies, 39(2), 167-188.
Dussauge, Garrette, & Mitchell. (2000). Learning from competing partners: Outcomes and durations of scale and link alliances in Europe, North America and Asia. Strategic Management Journal, 21, 99-126.
Eisenhardt & Schoonhoven. (1996). Resource-based view of strategic alliance formation: Strategic and social effects in entrepreneurial firms. Organization Science 7(2),136-150.
Goerzen. (2007). Alliance Networks and firm performance: The impact of repeated partnerships. Strategic Management Journal, 28, 487-509.
Goerzen, A. & Beamish, W. (2005). The effect of alliance network diversity on multinational enterprise performance. Strategic Management Journal, 26(5) 333-354.
Grant. (1991). The resource-based theory of competitive advantage: Implications for strategy formulation. California Management Review, 33(3), 114-135.
Gulati, R. (1998). Alliances and networks. Strategic Management Journal, 19, 293-317.
Gulati, R. (1995a). Does familiarity breed trust? The implications of repeated ties for contractual choices in alliances’. Academy of Management Journal, 38, 85-112.
Hagedoorn. (1996). Trends and patterns in strategic technology partnering since the early seventies. Review of Industrial Organization, 11, 601-616.
Hagedoorn & Schakenraad. (1994). The effect of strategic technology alliances on company performance. Strategic Management Journal, 15(4), 291-309.
Hagedoorn & Sedaitis. (1998). Partnership in transition economies: International strategic technology alliances in Russia. Research Policy, 27, 177-185.
Hagedoorn, Carayannis, & Alexander. (2001). Strange bedfellows in the personal computer industry: Technology alliances between IBM and Apple. Research Policy, 30, 837-849.
Hamel. (1991). Competition for competence and inter-partner learning within international strategic alliances. Strategic Management Journal, 12, 83-103.
Harrison, J.S. , Hitt, M.A., Hoskisson, R.E., & Ireland, R.D. (1991). Synergies and post-acquisition performance: Differences versus similarities in resource allocations. Journal of Management, 27, 679-690.
Hitt. (1998). Twenty-first century organizations: business firms, business schools, and the academy. Academy of Management Review, 23, 218-224.
Hu & Bentler. (1999). Cutoff criteria for fit indexes in covariance structure analysis: Conventional criteria versus new alternatives. Structural Equation Modelling, 6(1),1-55.
Ireland & Hitt. (1999). Achieving and maintaining strategic competitiveness in the 21st century: the role of strategic leadership. Academy of Management Executive, 13, 43-57.
Jamali. (2004). Success and failure mechanisms of public private partnerships (PPPs) in developing countries: Insights from the Lebanese context. International Journal of Public Sector Management, 17(5), 414-430.
Jegathesan, Gunasekaran, & Muthaly. (1997). Technology development and transfer: Experience from Malaysia. International Journal of Technology Management, 13(2), 196-214.
Jones, Lanctot, & Teegen. (2000). Determinants and performance impacts of external technology acquisition. Journal of Business Venturing, 16, 255-283.
Ju, T.L., Chen, S.-H., Li, C.-Y., & Lee, T.-S. (2005). A strategic contingency model for technology alliance. Industrial Management & Data Systems, 105(5), 623-644.
Judge & Dooley. (2006). Strategic alliance outcomes: A transaction-cost economics perspective. British Journal of Management, 17, 23-37.
Kanter, R. M. (1987). From status to contribution: Some organizational implications of the changing basis for pay. Personnel, 64, 12–37.
Kogut. (1988). Joint ventures: Theoretical and empirical perspectives. Strategic Management Journal, 9, 319-332,
Kristinsson & R. Rao. (2008). Interactive learning or technology transfer as a way to catch-up? Analyzing the wind energy industry in Denmark and India. Industry and Innovation, 13(3), 297-320.
Kurukawa. (1997). Make-or-buy decisions in R&D: Small technology based firms in the United States and Japan. IEEE Transactions on Engineering Management, 44(2), 124-134.
Leech, Barrett, & Morgan. (2005). SPSS intermediate statistics: Use and interpretationâ€. 2nd ed: Lawrence Erlbaum Associates, Mahwah, New Jersey.
Lee & Tan. (2006). Technology transfer, FDI and Growth in the ASEAN Region. Journal of the Asia Pacific Economy, 11(4), 394-410.
Lei. (1993). Offensive and defensive uses of alliances. Long Range Planning, 26(4), 32-41.
Majumdar. (2009). Technology transfer by foreign firms and the utilization of competencies within Indian industry. The Journal of Technology Transfer, 34(1), 95-117.
McKeown. (2008). The truth about innovationâ€. London: Prentice Hall.
Nielsen. (2007). Determining international strategic alliance performance: A multidimensional approach. International Business Review, 16, 337-361.
Lee. (2007). Strategic alliances influence on small medium firm performance. Journal of Business Research, 60, 731-741.
Link, A.N. (1988). Acquisitions as sources of technological innovation. Mergers and Acquisitions, 23 (3), 36-39.
Norman. (2004). Knowledge acquisition, knowledge loss, and satisfaction in high technology alliances. Journal of Business Research, 57, 610-619.
Nagarajan & W. Mitchell. (1998). Evolutionary diffusion: Internal and external methods used to acquire encompassing, complementary, and incremental technological changes in the lithotripsy industry. Strategic Management Journal, 19, 1063-1077.
Nunnally. (1978). Psychometric theory. New York: McGraw-Hill.
Oxley & Sampson. (2004). The scope and governance of international R&D alliances. Strategic Management Journal, 25, (8-9), 723-749.
Peteraf. (1993). The cornerstones of competitive advantage: A resource-based view. Strategic Management Journal, 14, 171-191.
Rothaermel & Deeds. (2006). Alliance type, alliance experience and alliance management capability in high-technology ventures. Journal of Business Venturing, 21, 429-460.
Schoenmakers & Duysters. (2006). Learning in strategic technology alliances. Technology Analysis & Strategic Management, 18(2), 245-264.
Simonin. (2004). An empirical investigation of the process of knowledge transfer in international strategic alliances. Journal of International Business Studies, 35, 407-427.
Shenkar & Li. (1999). Knowledge search in international cooperative ventures. Organization Science, 10, 134-143.
Soh & Roberts. (2005). Technology alliances and networks: An external link to research capability. IEEE Transactions on Engineering Management, 52(4), 419-428.
Spekman, K, Jr, & Myhr. (1998). An empirical investigation into supply chain management, a perspective on partnerships. International Journal of Physical Distribution & Logistics Management, 28(8), 630-650.
Spekman, R. E, Isabella, L.A., MacAvoy, T.C., & T. Forbes III. (1996). Creating Strategic Alliances which endure. Long Range Planning, 29 (3), 346-357
Spekman, Salmond, & Lambe. (1996). Consensus and Collaboration: norm regulated behavior in industrial marketing relationships. European Journal of Marketing, 31(11/12), 832-856.
Szulanski. (1996). Exploring internal stickiness: Impediments to the transfer of best practice within a firm. Strategic Management Journal, 7(winter special issue), 27-43.
Tsai & Wang. (2009). External technology sourcing and innovation performance in LMT sectors: An analysis based on the Taiwanese Technological Innovation Survey. Research Policy, 38, 518-526.
Vanhaverbeke, W., V.A. Gilsing, B. Beerkens & G.M. Duysters. (2009). Explorative and exploitative learning in technology alliance networks: a local action approach. Journal of Management Studies, 46(2), 215 - 244.
Verspagen & Duysters. (2004). The small worlds of strategic technology alliances. Technovation, 24, 563-571.
Vilkamo & T. Keil. (2003). Strategic technology partnering in high-velocity environments - lessons from a case study. Technovation, 23, 193-204.
Vyas, Niren M., William L Shelburn, & Dennis C Rogers. (1995). An analysis of strategic alliances: forms, functions and framework. Journal of Business and Industrial Marketing, 10(3), 47-60
Wahab, A., & Che Rose. (2009). A framework on the effects on inter-firm technology transfer in international joint venture. The Journal of International Social Research. 2(9), 423-443.
White & Bruton. (2007). The management of technology and innovation: A strategic approach, 1st ed., Thomson South-Western.
Wenerfelt. (1984). A resource-based view of the firm. Strategic Management Journal, 5, 171-180.
Ybarra & Turk. (2009). The evolution of trust in information technology alliances. Journal of High Technology Management Research, 20(1), 62-74.
Zahra & George. (2002). Absorptive capacity: A review, reconceptualization, and extension. Academy of Management Review, 27(2), 185-203.
Zahra. (1996). Technology strategy and financial performance: Examining the moderating role of a firm's competitive environment. Journal of Business Venturing, 11, 189-219.
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Submitted
2016-12-09
Accepted
2017-01-25
Published
2017-03-27
How to Cite
Hidayat, A., Hendrix, T., & Putri, V. S. K. (2017). The Influence of Strategic Alliance On Cibinong Science and Technology Park (C-STP) Performance. The Asian Journal of Technology Management (AJTM), 9(2), 120–130. https://doi.org/10.12695/ajtm.2016.9.2.6
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