The current paper aims to develop a new theory to explain the iceberg phenomenon that has emerged in recent years, in which some small firms prosper while large firms declines. In this paper, the construction of a theoretical framework involves the consideration of several concepts and theories, including resource-based theory, resource-dependency theory, theories of the diffusion of innovation, dynamic capability theory, and business ecosystem theory. An experimental design is developed to verify four hypotheses. The results support a theory of innovation resource synergy that provides insight into the phenomenon mentioned above. This article provides implications for managers of both large and small firms and suggestions for future research.
Innovation: Management, Policy & Practice 15(3), pp.368-392