Innovation Management Practices, Strategic Adaptation, and Business Results: Evidence from the Electronics Industry

This research contributes to the understanding of how different practices of innovation management are related to mid- and long-term growth and profitability. Governments and regional development agencies invest relevant budgets to foster innovation in small and medium enterprises (SMEs) and improve...

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Autores principales:	Sánchez,Alba, Lago,Alejandro, Ferràs,Xavier, Ribera,Jaume
Lenguaje:	English
Publicado:	Universidad Alberto Hurtado. Facultad de Economía y Negocios 2011
Materias:	Innovation management strategic adaptation business results technology management product management
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242011000200002
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spelling	oai:scielo:S0718-272420110002000022011-08-09Innovation Management Practices, Strategic Adaptation, and Business Results: Evidence from the Electronics IndustrySánchez,AlbaLago,AlejandroFerràs,XavierRibera,Jaume Innovation management strategic adaptation business results technology management product management This research contributes to the understanding of how different practices of innovation management are related to mid- and long-term growth and profitability. Governments and regional development agencies invest relevant budgets to foster innovation in small and medium enterprises (SMEs) and improve their innovation management practices to make them more competitive. Nevertheless, it is not clear what impact these practices have on a company's performance over a long period of time. We propose a model to audit and classify innovation practices and empirically test the impact of innovation practices on the firms' long-term financial performance, using a broad sample of companies in the electronics sector. Our empirical results show that, within a regional context, companies that are similar in terms of size, position in the value chain, and ownership structure follow similar innovative practices. Furthermore, the use of a systematic approach for innovation leads to revenue growth but does not necessarily increase profit or productivity.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.6 n.2 20112011-06-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242011000200002en10.4067/S0718-27242011000200002
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Innovation management strategic adaptation business results technology management product management
spellingShingle	Innovation management strategic adaptation business results technology management product management Sánchez,Alba Lago,Alejandro Ferràs,Xavier Ribera,Jaume Innovation Management Practices, Strategic Adaptation, and Business Results: Evidence from the Electronics Industry
description	This research contributes to the understanding of how different practices of innovation management are related to mid- and long-term growth and profitability. Governments and regional development agencies invest relevant budgets to foster innovation in small and medium enterprises (SMEs) and improve their innovation management practices to make them more competitive. Nevertheless, it is not clear what impact these practices have on a company's performance over a long period of time. We propose a model to audit and classify innovation practices and empirically test the impact of innovation practices on the firms' long-term financial performance, using a broad sample of companies in the electronics sector. Our empirical results show that, within a regional context, companies that are similar in terms of size, position in the value chain, and ownership structure follow similar innovative practices. Furthermore, the use of a systematic approach for innovation leads to revenue growth but does not necessarily increase profit or productivity.
author	Sánchez,Alba Lago,Alejandro Ferràs,Xavier Ribera,Jaume
author_facet	Sánchez,Alba Lago,Alejandro Ferràs,Xavier Ribera,Jaume
author_sort	Sánchez,Alba
title	Innovation Management Practices, Strategic Adaptation, and Business Results: Evidence from the Electronics Industry
title_short	Innovation Management Practices, Strategic Adaptation, and Business Results: Evidence from the Electronics Industry
title_full	Innovation Management Practices, Strategic Adaptation, and Business Results: Evidence from the Electronics Industry
title_fullStr	Innovation Management Practices, Strategic Adaptation, and Business Results: Evidence from the Electronics Industry
title_full_unstemmed	Innovation Management Practices, Strategic Adaptation, and Business Results: Evidence from the Electronics Industry
title_sort	innovation management practices, strategic adaptation, and business results: evidence from the electronics industry
publisher	Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate	2011
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242011000200002
work_keys_str_mv	AT sanchezalba innovationmanagementpracticesstrategicadaptationandbusinessresultsevidencefromtheelectronicsindustry AT lagoalejandro innovationmanagementpracticesstrategicadaptationandbusinessresultsevidencefromtheelectronicsindustry AT ferrasxavier innovationmanagementpracticesstrategicadaptationandbusinessresultsevidencefromtheelectronicsindustry AT riberajaume innovationmanagementpracticesstrategicadaptationandbusinessresultsevidencefromtheelectronicsindustry
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Innovation Management Practices, Strategic Adaptation, and Business Results: Evidence from the Electronics Industry

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