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Innovation strategies of firms: What strategies and why?
KTH, School of Industrial Engineering and Management (ITM), Centres, Centre of Excellence for Science and Innovation Studies, CESIS. Jönköping Int Business Sch, Sweden.
2016 (English)In: Journal of Technology Transfer, ISSN 0892-9912, E-ISSN 1573-7047, Vol. 41, no 6, p. 1483-1506Article in journal (Refereed) Published
Abstract [en]

This paper analyzes various innovation strategies of firms. Using five waves of the Community Innovation Survey in Sweden, we have traced the innovative behavior of firms over a 10-year period, i.e. between 2002 and 2012. We distinguish between sixteen innovation strategies, which compose of Schumpeterian four types of innovations (process, product, marketing, and organizational) plus various combinations of these four types. First, we find that firms are not homogenous in choosing innovation strategies, instead, they have a wide range of preferences when it comes to innovation strategy and some of the innovation strategies are "commonly" used among firms. Second, using Transition Probability Matrix, we found that firms also persist to have such a diverse innovation strategy preferences. Finally, using Multinomial Logit model, we explained the determinant of each and every innovation strategies, while we gave special attention to the commonly used innovation strategies among firms.

Place, publisher, year, edition, pages
Springer, 2016. Vol. 41, no 6, p. 1483-1506
Keywords [en]
Innovation strategy, Product innovations, Process innovations, Marketing innovations, Organizational innovations, Community Innovation Survey
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-198955DOI: 10.1007/s10961-015-9453-4ISI: 000387231700012Scopus ID: 2-s2.0-84946103731OAI: oai:DiVA.org:kth-198955DiVA, id: diva2:1065132
Note

QC 20170113

Available from: 2017-01-13 Created: 2016-12-22 Last updated: 2017-11-29Bibliographically approved

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  • vancouver
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  • de-DE
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  • Other locale
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Output format
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