Research studies on the phenomenon of networking in the pharmaceutical industry, have shown the relationships between intra and inter-organizational networks influence on innovation, collaboration of multiple firms through networking to develop new products and technologies, and internal networking relationships in startup companies to promote innovation. Based on the current literature, one of the gaps noted is the lack of information on understanding the differences between internal and external networking relationships perceived impact on innovation in a Life Science Company. The research provided new information on the topic of networking and innovation using a survey instrument developed to assess networking within the company in three areas, (1) company networking activities, i.e., global meetings, regional technology symposiums, idea generating sessions, and town hall meetings, (2) internal networking, i.e., individuals, individuals in other departments, business units, and subsidiaries, and (3) external networking, i.e., customers, suppliers, vendors, former colleagues, individuals in associations, and government. The research indicates that company networking activities are valuable and important, company networking activities provide the opportunity to develop relationships for generating new and innovative ideas, and developing internal and external relationships have a positive impact on innovation. In further analysis, composite scores used to measure internal and external networking relationships showed no significant difference between the two variables. Overall, the research in this study provided valuable insights on the benefits of developing networking relationships in the facilitation of innovation in a Life Science Company.
|Subjects||Management; Organizational behavior|
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