Table 8 - uploaded by Marion Frenz
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Relative impact of innovation modes on growth in turnover

Relative impact of innovation modes on growth in turnover

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This paper offers a new angle on innovation modalities by adopting a recently emerging approach towards identifying innovation typologies via exploratory data analysis techniques with the aim to tease out some underlying latent variables that represent coherent innovation strategies for groups of firms. Mixed modes of innovation include aspects of...

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... same numbers of positive and significant associations are found when examining the effects on growth in turnover as per Table 8, but the relevant modes are different. The importance shifts from IP/technology innovating to wider innovating. ...

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... Those authors also indicate that innovation and globalization are complementary and reinforcing factors, which means that globally active innovators experienced better results in post-crisis recovery. Frenz and Lambert (2011), based on UK companies CIS research, show that despite falling activity innovation during the crisis, both kinds of innovation, new to the market and new to the firm, had a positive influence on performance. Nunes, Lopes, and Dias (2013), examining the crisis effects on companies depending on innovation types, reveal that companies operating within knowledge networks increase resilience. ...
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... The approach is typical of this strand of work and stresses the integral nature of innovation. Hence, whenever "innovation-oriented activities carried out together to create and market a new good or service, or improve on production, delivery and business processes" (Frenz, Lambert 2010 are implemented purposefully and in a systemic way, these activities can be referred to as an innovation strategy. ...
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... The paper is consistent with the recently emerging approach towards innovation strategies, often also referred to Inga Stankevice nature of innovation. Hence, whenever " innovation-oriented activities carried out together to create and market a new good or service, or improve on production, delivery and business processes " (Frenz, Lambert 2010) are implemented purposefully and in a systemic way, these activities can be referred to as an innovation strategy. ...
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... Hence, the degree, to which domestic institutional environment conditions innovation strategies of firms, varies according to industry. Conceivably, the variance partly explains the findings of Frenz and Lambert's (2010) research, which, despite integration of a number of characteristics of innovation (e.g. level of uncertainty, source of knowledge, etc.) beyond the extent to which product qualities are differentiated, failed groping any significant embeddedness at neither country nor sector level, except for technological and patent modes of innovation. This is precisely the reason for why this paper attempts to look for the patterns of institutional and sectoral embeddedness at the level of elements of innovation strategy, and not at the level of types of innovation strategies, as Frenz and Lambert did (2010). ...
... Hence, innovation strategy of a firm should be understood as a central, integrated, externally oriented concept of how a firm will achieve its goals of innovative activity. This comprehension of innovation strategy is strongly supported by the recently emerging approach towards identifying integrated, and not fragmented, concept of innovation (Frenz, Lambert 2010;Battisti, Stoneman 2010). In fact, as it follows from the explored literature, the choice of innovation strategy for a firm depends on many factors, including national institutions, industry policy, internal resources, organizational culture, etc. ...
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