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Innovation strategies and firm performance
Jönköping University, Jönköping International Business School, JIBS, Economics. Jönköping University, Jönköping International Business School, JIBS, Centre of Excellence for Science and Innovation Studies (CESIS). Jönköping University, Jönköping International Business School, JIBS Entrepreneurship Centre. Jönköping University, Jönköping International Business School, JIBS, Institutet för näringslivsanalys. Centre of Excellence for Science and Innovation Studies (CESIS), KTH, Stockholm, Sweden.ORCID iD: 0000-0002-1315-9753
Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE), Lund University, Lund, Sweden.
2015 (English)Report (Other academic)
Abstract [en]

This paper analyzes the effect of various innovation strategies of firms on their future performance, captured by labour productivity. Using five waves of the Community Innovation Survey in Sweden, we have traced the innovative behaviour of firms over a decade, i.e. from 2002 to 2012. We distinguish between sixteen innovation strategies, which compose of Schumpeterian four types of innovations, i.e. process, product, marketing, and organizational (simple innovation strategies) plus various combinations of these four types (complex innovation strategies). The main findings indicate that those firms that choose and afford to have a complex innovation strategy are better off in terms of their future productivity in compare with both those firms that choose not to innovative (base group) and those firms that choose simple innovation strategies. Moreover, not all types of complex innovation strategies affect the future productivity significantly; rather, there are only few of them. This necessitates a purposeful choice of innovation strategy for firms.

Place, publisher, year, edition, pages
Stockholm: The Royal Institute of Technology Centre of Excellence for Science and Innovation Studies (CESIS) , 2015. , 31 p.
Series
CESIS Electronic Working Paper Series, 401
Keyword [en]
Innovation Strategy, firm performance, productivity, firm level, Community Innovation Survey, Panel
National Category
Business Administration Economic Geography
Identifiers
URN: urn:nbn:se:hj:diva-37532OAI: oai:DiVA.org:hj-37532DiVA: diva2:1146602
Available from: 2017-10-03 Created: 2017-10-03 Last updated: 2017-10-03Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
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