Skip to main content

Acquihiring: A New Process for Innovation and Organizational Learning

  • Conference paper
  • First Online:

Part of the book series: Lecture Notes in Information Systems and Organisation ((LNISO,volume 15))

Abstract

There’s a new process, called “acqui-hiring”, that is emerging among the largest technology companies, aiming for innovation and a stronger competitive position. In this process, a start-up is bought not just for its assets or patents, but above all for its human capital. In this way, acqui-hiring is becoming an alternative strategy that aims to recruit not just based on individual talent, but on the synergy of entire teams with proven, successful projects. This paper aims to give an academic contribution to a better comprehension of this strategy’s success for organizations, in fostering innovation and consolidating a competitive position. This work presents the theoretical background at the basis of the adoption of the acqui-hiring strategy, which includes studies on organizational learning and the dynamic capabilities. The process of acqui-hiring is also described, focusing primarily on the post-acquisition phase, and on some key points from research being conducted on an Italian firm.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  1. Amit, R., Schoemaker, P.: Strategic assets and organizational rent. Strateg. Manag. J. 14, 33–46 (1993)

    Article  Google Scholar 

  2. Barney, J.B.: Firm resources and sustained competitive advantage. J. Manag. 17, 99–120 (1991)

    Google Scholar 

  3. Chatterji, A., Patro, A.: Dynamic capabilities and managing human capital. Acad. Manag. Perspect. 28(4), 395–408 (2014)

    Article  Google Scholar 

  4. Cohen, M.D., Sproull, L.S.: Organizational Learning. Sage Publications, Thousand Oaks (1996)

    Google Scholar 

  5. Cohen, W.M., Levinthal, D.A.: Absorptive capacity: a new perspective on learning and innovation. Adm. Sci. Q. 35, 128–152 (1990)

    Article  Google Scholar 

  6. Coyle, J., Polsky, G.: Acqui-hiring. Duke Law J. 63(2), 281–346 (2012)

    Google Scholar 

  7. Costa, G.: Economia e Direzione delle Risorse Umane, Utet Libreria (1997)

    Google Scholar 

  8. Costa, G., Gianecchini, M.: Risorse Umane. Persone, Relazioni e Valore. McGraw-Hill, New York (2009)

    Google Scholar 

  9. Decastri, M., Paparelli, A.: Organizzare L’innovazione. Guida Alla Gestione Dei Processi Innovativi Aziendali, Editore Ulrico Hoepli (2008)

    Google Scholar 

  10. Dewhurst, M., Hancock, B., Ellsworth, D.: Redesigning knowledge work. Harvard Bus. Rev. 58–64 (2013)

    Google Scholar 

  11. Dierickx, I., Cool, K.: Asset stock accumulation and sustainability of competitive advantage. Manage. Sci. 35(12), 1505–1511 (1989)

    Google Scholar 

  12. Di Stefano, G., Peteraf, M., Verona, G.: The organizational drivetrain: a road to integration of dynamic capabilities research. Acad. Manag. Perspect. 28(4), 307–327 (2014)

    Article  Google Scholar 

  13. Doz, Y., Santos, J., Williamson, P.: Da Globale a Metanazionale, Il Mulino (2004)

    Google Scholar 

  14. Grant, R.M.: L’analisi Strategica nella Gestione Aziendale, Il Mulino (1994)

    Google Scholar 

  15. Grant, R.M., Spender, J.C.: Knowledge and the firm. Strateg. Manag. J. 17, 5–9 (1996). (Special Issue)

    Article  Google Scholar 

  16. Itami, H., Roehl, T.W.: Mobilizing Invisible Assets. Harvard University Press, Massachusetts (1987)

    Google Scholar 

  17. Kogut, B., Zander, U.: Knowledge of the firm, combinative capabilities, and the replication of technology. Organ. Sci. 3, 383–397 (1992)

    Article  Google Scholar 

  18. Lenz, R.T.: Strategic capability: a concept and framework for analysis. Acad. Manag. Rev. 5, 225–234 (1980)

    Google Scholar 

  19. Levitt, B., March, J.G.: Organizational learning. Ann. Rev. Sociol. 14, 319–340 (1988)

    Article  Google Scholar 

  20. Lipparini, A.: Le Competenze Organizzative, Carocci (1998)

    Google Scholar 

  21. Mahoney, J.T.: The management of resources and the resources of management. J. Bus. Res. 33(2), 91–101 (1995)

    Article  Google Scholar 

  22. Makinen, M., Haber, D., Raymundo, A.: Acqui-hires for growth: planning for success. Venture Capital Rev. 31–42 (2012)

    Google Scholar 

  23. Nargi, M.: Acqui hire, ovvero la tua idea non mi interessa ma il tuo talent sì. INNOV’AZIONE 19, 4–5 (2012)

    Google Scholar 

  24. Nelson, R., Winter, S.: An Evolutionary Theory of Economic Change. Harvard University Press, Massachusetts (1982)

    Google Scholar 

  25. Nickerson, J.A., Zenger, T.R.: A knowledge-based theory of the firm. The problem solving perspective. Organ. Sci. 15(6), 617–632 (2004)

    Article  Google Scholar 

  26. Nonaka, I.: A dynamic theory of organizational knowledge creation. Organ. Sci. 5(1), 14–37 (1994)

    Article  Google Scholar 

  27. Nonaka, I., Takeuchi, H.: The Knowledge Creating Company. Oxford University Press, Oxford (1995)

    Google Scholar 

  28. Penrose, E.T.: The Theory of the Growth of the Firm. Wiley, New York (1959)

    Google Scholar 

  29. Peteraf, M.A.: The cornerstones of competitive advantage: a resource-based view. Strateg. Manag. J. 14, 179–191 (1993)

    Article  Google Scholar 

  30. Polany, M.: The Tacit Dimension. Anchor Books, New York (1967)

    Google Scholar 

  31. Prahalad, C.K., Hamel, G.: The core competences of the corporation. Harvard Bus. Rev. 68, 79–91 (1990)

    Google Scholar 

  32. Ranf, A.L., Lord, M.D.: Acquiring new knowledge: the role of retaining human capital in acquisitions of high-tech firms. J. High Technol. Manag. Res. 11(2), 295–319 (2000)

    Article  Google Scholar 

  33. Rumelt, R.P.: Theory, strategy and entrepreneurship. In: Teece, D. (ed.) The Competitive Challenge, Ballinger, pp. 137–158 (1987)

    Google Scholar 

  34. Selznick, P.: Leadership in Administration: A Sociological Interpretation. Harper & Row, New York (1957)

    Google Scholar 

  35. Senge, P.M.: The Fifth Discipline: The Art and Practice of the Learning Organization. Doubleday Currency, New York (1992)

    Google Scholar 

  36. Spender, J.C.: Making knowledge the basis of a dynamic theory of the firm. Strateg. Manag. J. 17, 45–62 (1996)

    Article  Google Scholar 

  37. Stalk, G., Evans, P., Shulman, L.E.: Competing on capabilities: the new rules of corporate strategy. Harvard Bus. Rev. 70, 57–69 (1992)

    Google Scholar 

  38. Teece, D.J., Pisano, G.: The dynamic capabilities of the firm: an introduction. Ind. Corp. Change 3, 537–556 (1994)

    Article  Google Scholar 

  39. Teece, D.J., Pisano, G., Shuen, A.: Dynamic capabilities and strategic management. Strateg. Manag. J. 18(7), 509–533 (1997)

    Article  Google Scholar 

  40. Ulrich, D., Lake, D.: Organizational Capability. Wiley, New York (1990)

    Google Scholar 

  41. Vicari, S.: Conoscenza e impresa. Sinergie 76, 43–66 (2008)

    Google Scholar 

  42. Von Krogh, G.: Care in knowledge creation. Calif. Manag. Rev. 40(3), 133–153 (1998)

    Article  Google Scholar 

  43. Wernerfelt, B.: A resource-based view of the firm. Strateg. Manag. J. 5, 171–180 (1984)

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Roberta Fantasia .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2016 Springer International Publishing Switzerland

About this paper

Cite this paper

Fantasia, R. (2016). Acquihiring: A New Process for Innovation and Organizational Learning. In: Ricciardi, F., Harfouche, A. (eds) Information and Communication Technologies in Organizations and Society. Lecture Notes in Information Systems and Organisation, vol 15. Springer, Cham. https://doi.org/10.1007/978-3-319-28907-6_13

Download citation

Publish with us

Policies and ethics