Pilot development of innovation scales for beverage manufacturing companies in a developing country

Innovation can enhance economic success for companies and countries alike. This study identified innovation drivers for beverage manufacturing companies in the developing nation, Trinidad and Tobago (T&T). Factor analysis using principal components analysis was applied to self-reported data from...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Marcia Nathai-Balkissoon, Chris Maharaj, Rafael Guerrero, Rydell Mahabir, Isaac Dialsingh
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2017
Materias:	innovation beverage company beverage manufacturing principal components analysis pca spss analysis trinidad and tobago t&t developing country small island developing state Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/32609ed9f972498f93fa0b2e7dcdcdd5
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:32609ed9f972498f93fa0b2e7dcdcdd5
record_format	dspace
spelling	oai:doaj.org-article:32609ed9f972498f93fa0b2e7dcdcdd52021-12-02T14:35:47ZPilot development of innovation scales for beverage manufacturing companies in a developing country2331-197510.1080/23311975.2017.1379214https://doaj.org/article/32609ed9f972498f93fa0b2e7dcdcdd52017-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2017.1379214https://doaj.org/toc/2331-1975Innovation can enhance economic success for companies and countries alike. This study identified innovation drivers for beverage manufacturing companies in the developing nation, Trinidad and Tobago (T&T). Factor analysis using principal components analysis was applied to self-reported data from 14 beverage manufacturers, organising 10 influencing variables into 3 components that impacted on the companies’ innovation. Component 1 addresses the role of company acquisitions, customer feedback and employee feedback regarding product improvements, Component 2 deals with the value of same-industry company collaborations and new ideas proposed by managers or customers and Component 3 focuses on supporting research and development through industrial park tenancy, hiring R&D personnel and higher education collaboration. Findings are discussed in the context of several characteristics of innovation in T&T, including the observed tendency of companies to practice incremental as opposed to radical innovation. Management recommendations to boost innovation include leveraging government policies, developing external collaborations, making management systems more innovation-focused, enhancing employees’ innovation competencies, focusing on actively generating new ideas to drive radical innovation and embedding innovation targets and performance measures into routine operations. Prospects for further research include studying how innovation is supported or hindered by within-industry collaboration in developed vs. developing countries.Marcia Nathai-BalkissoonChris MaharajRafael GuerreroRydell MahabirIsaac DialsinghTaylor & Francis Grouparticleinnovationbeverage companybeverage manufacturingprincipal components analysispcaspss analysistrinidad and tobagot&tdeveloping countrysmall island developing stateBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 4, Iss 1 (2017)
institution	DOAJ
collection	DOAJ
language	EN
topic	innovation beverage company beverage manufacturing principal components analysis pca spss analysis trinidad and tobago t&t developing country small island developing state Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	innovation beverage company beverage manufacturing principal components analysis pca spss analysis trinidad and tobago t&t developing country small island developing state Business HF5001-6182 Management. Industrial management HD28-70 Marcia Nathai-Balkissoon Chris Maharaj Rafael Guerrero Rydell Mahabir Isaac Dialsingh Pilot development of innovation scales for beverage manufacturing companies in a developing country
description	Innovation can enhance economic success for companies and countries alike. This study identified innovation drivers for beverage manufacturing companies in the developing nation, Trinidad and Tobago (T&T). Factor analysis using principal components analysis was applied to self-reported data from 14 beverage manufacturers, organising 10 influencing variables into 3 components that impacted on the companies’ innovation. Component 1 addresses the role of company acquisitions, customer feedback and employee feedback regarding product improvements, Component 2 deals with the value of same-industry company collaborations and new ideas proposed by managers or customers and Component 3 focuses on supporting research and development through industrial park tenancy, hiring R&D personnel and higher education collaboration. Findings are discussed in the context of several characteristics of innovation in T&T, including the observed tendency of companies to practice incremental as opposed to radical innovation. Management recommendations to boost innovation include leveraging government policies, developing external collaborations, making management systems more innovation-focused, enhancing employees’ innovation competencies, focusing on actively generating new ideas to drive radical innovation and embedding innovation targets and performance measures into routine operations. Prospects for further research include studying how innovation is supported or hindered by within-industry collaboration in developed vs. developing countries.
format	article
author	Marcia Nathai-Balkissoon Chris Maharaj Rafael Guerrero Rydell Mahabir Isaac Dialsingh
author_facet	Marcia Nathai-Balkissoon Chris Maharaj Rafael Guerrero Rydell Mahabir Isaac Dialsingh
author_sort	Marcia Nathai-Balkissoon
title	Pilot development of innovation scales for beverage manufacturing companies in a developing country
title_short	Pilot development of innovation scales for beverage manufacturing companies in a developing country
title_full	Pilot development of innovation scales for beverage manufacturing companies in a developing country
title_fullStr	Pilot development of innovation scales for beverage manufacturing companies in a developing country
title_full_unstemmed	Pilot development of innovation scales for beverage manufacturing companies in a developing country
title_sort	pilot development of innovation scales for beverage manufacturing companies in a developing country
publisher	Taylor & Francis Group
publishDate	2017
url	https://doaj.org/article/32609ed9f972498f93fa0b2e7dcdcdd5
work_keys_str_mv	AT marcianathaibalkissoon pilotdevelopmentofinnovationscalesforbeveragemanufacturingcompaniesinadevelopingcountry AT chrismaharaj pilotdevelopmentofinnovationscalesforbeveragemanufacturingcompaniesinadevelopingcountry AT rafaelguerrero pilotdevelopmentofinnovationscalesforbeveragemanufacturingcompaniesinadevelopingcountry AT rydellmahabir pilotdevelopmentofinnovationscalesforbeveragemanufacturingcompaniesinadevelopingcountry AT isaacdialsingh pilotdevelopmentofinnovationscalesforbeveragemanufacturingcompaniesinadevelopingcountry
_version_	1718391063242080256

Pilot development of innovation scales for beverage manufacturing companies in a developing country

Ejemplares similares