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Innovation Strategies of Firms: What Strategies and Why?
Blekinge Institute of Technology, Faculty of Engineering, Department of Industrial Economics.ORCID iD: 0000-0002-1315-9753
Blekinge Institute of Technology, Faculty of Engineering, Department of Industrial Economics.
2016 (English)In: Journal of Technology Transfer, ISSN 0892-9912, E-ISSN 1573-7047, Vol. 41, no 6, 1483-1506 p.Article 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, 1483-1506 p.
Keyword [en]
Community Innovation Survey; Innovation strategy; Marketing innovations; Organizational innovations; Process innovations; Product innovations
National Category
Economics
Identifiers
URN: urn:nbn:se:bth-11700DOI: 10.1007/s10961-015-9453-4ISI: 000387231700012OAI: oai:DiVA.org:bth-11700DiVA: diva2:910299
Available from: 2016-03-08 Created: 2016-03-08 Last updated: 2016-12-05Bibliographically approved

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CiteExportLink to record
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Citation style
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