In business administration, absorptive capacity has been defined as `a firm`s ability to recognize the value of new information, assimilate it, and apply it to commercial ends`. It is studied on individual, group, firm, and national levels. Antecedents are prior-based knowledge (knowledge stocks and knowledge flows) and communication. Studies i......
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http://en.wikipedia.org/wiki/Absorptive_capacity
A limit to the rate or quantity of scientific or technological information that a firm can absorb. If such limits exist they provide one explanation for firms to develop internal R&D capacities. R&D departments can not only conduct development along lines they are already familiar with, but they have formal training and external professional connec...
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http://www.econterms.com/glossary.cgi?query=absorptive+capacity
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