Edited by Alain Fayolle, Paula Kyrö and Francisco Liñán
Chapter 10: Absorptive and adaptive capability in commercializing new technology: a case study of emerging petroleum companies in Norway
When studies identify different types of dynamic capabilities, scholars agree that the field lacks empirical evidence of new firms and the role of dynamic capabilities in their survival and development (Zahra et al., 2006). Responding to this call, we aim to answer the following research question: how do firms featuring emerging technology develop absorptive and adaptive capabilities in their commercialization process? A multiple case study of three new innovative firms operating in the drilling and exploration segment of the Norwegian petroleum industry suggests that for small innovative firms in early stages of the commercialization process, absorptive capacity may be especially crucial for the development of an innovative product, while adaptive capability seems necessary for a successful commercialization process and firm survival. Key words: absorptive capability, adaptive capability, commercialization, innovation, emerging firms, petroleum industry
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