Profit and Innovation Strategies in Low-Tech Firms
نویسنده
چکیده
The present article outlines the main developments of what may be called the ‘new innovation theory’. This theory is based on the work of Schumpeter and combines it with the profit strategy approach. The purpose of this combination is to show that innovation needs to be embedded in coherent profit strategies in order to be effective. Innovation capacity and economic performance are much more the result of the smooth interplay between the stakeholders of firms than of high-tech or the intensity of research and development. The argument is illustrated in a comparative case-study of two firms.
منابع مشابه
Research and Development Investment and Productivity Growth in Firms with Different Levels of Technology
I n the modern competitive world, Research and Development (R&D) and its overflowing technologies are the main basis of innovation, which in turn, can be determined as an important source of economic growth. Investing in research activities can help firms with different technological levels, especially high-tech industries to improve their productivity. This paper aims to analyze the...
متن کاملInnovation Policies in Managing Growth for High-Tech Companies: A Tactical Synthesis of Management Insights
Given the high percentage of turnover invested in R&D, the cost structure and segmentation of investment in high-tech firms necessitate regular review of resource allocation. For high-tech firms, the vital importance of innovation management is one of the building stones of a successful business. The key question remains how innovations can be managed throughout the S-curve of technological per...
متن کاملOne or Many Knowledge Production Functions? Mapping Innovative Activity Using Microdata
One or Many Knowledge Production Functions? Mapping Innovative Activity Using Microdata This paper discusses the determinants of three alternative measures of innovative output by looking at firm’s own formal R&D activities and at the acquisition of external technology (TA) in its embodied and disembodied components. These input-output relationships are also discussed by distinguishing between ...
متن کاملOptions Thinking for Leading Innovation
Innovation is the lifeblood of successful businesses. From high tech to low tech, from multinational to start-up, innovation has become every firm’s imperative as the pace of change accelerates. The challenges of this imperative increasingly require leaders to manage uncertainty and pursue learning and innovation across the boundaries of firms. A new mindset is required to understand the dynami...
متن کاملDoes Innovation Matter for Chinese High - Tech
This paper examines the effect of innovation on export decision in Chinese high-tech firms during the period of 2005-2007. Using a parametric, instrumental variable approach and a non-parametric matching method, we find that firm-level innovation efforts, measured by R&D spending and new product output, play only a minor role for domestic exporters. Foreign-invested firms dominate the high-tech...
متن کامل