Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Industry clockspeed's impact on business innovation success factors

Industry clockspeed's impact on business innovation success factors Purpose – The literature prescribing important determinants of innovation success is grouped into four main areas encompassing strategic leadership, competitive intelligence, management of technology, and specific characteristics of the company's innovation process. Further, industry clockspeed has been considered to be a possible moderator for these determinants of innovation success. While these major areas of study may indeed be important to enhance company innovation and competitiveness, the existing literature on each area is not being shared by researchers in the other areas. That has led until now to the study of models relatively narrow in scope and primarily focused on the particular research area. This study aims to test these constructs as a set of determinants of innovation success and the possible moderating effect of industry clockspeed. Design/methodology/approach – A field test using a mailed questionnaire to collect a relatively large sample has been used to test the proposed model. To eliminate possible multicollinearity among the independent variables, a multivariate regression analysis was used. Findings – The results provide clear evidence about the importance of industry clockspeed as a moderator of the relationships between strategic leadership, competitive intelligence, management of technology, and specific characteristics of the company's innovation process with company success in business innovation. Also, the company's change process as defined here is equally important to low and high clockspeed industries for successfully implementing business innovations. Research limitation/implications – Despite the relatively broad scope of the proposed model, other factors may also be important and should be included in future studies. Practical implications – The items used for measuring the main constructs provide further and more specific insights into how managers should go about developing these areas within their organizations. Originality/value – While the study is grounded in the literature of what until now have been four separate areas of knowledge, it proposed an integrated model for these areas important to business innovation, and empirically tested the model. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png European Journal of Innovation Management Emerald Publishing

Industry clockspeed's impact on business innovation success factors

European Journal of Innovation Management , Volume 14 (3): 23 – Aug 2, 2011

Loading next page...
 
/lp/emerald-publishing/industry-clockspeed-s-impact-on-business-innovation-success-factors-Rw8hgpll2E
Publisher
Emerald Publishing
Copyright
Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
ISSN
1460-1060
DOI
10.1108/14601061111148825
Publisher site
See Article on Publisher Site

Abstract

Purpose – The literature prescribing important determinants of innovation success is grouped into four main areas encompassing strategic leadership, competitive intelligence, management of technology, and specific characteristics of the company's innovation process. Further, industry clockspeed has been considered to be a possible moderator for these determinants of innovation success. While these major areas of study may indeed be important to enhance company innovation and competitiveness, the existing literature on each area is not being shared by researchers in the other areas. That has led until now to the study of models relatively narrow in scope and primarily focused on the particular research area. This study aims to test these constructs as a set of determinants of innovation success and the possible moderating effect of industry clockspeed. Design/methodology/approach – A field test using a mailed questionnaire to collect a relatively large sample has been used to test the proposed model. To eliminate possible multicollinearity among the independent variables, a multivariate regression analysis was used. Findings – The results provide clear evidence about the importance of industry clockspeed as a moderator of the relationships between strategic leadership, competitive intelligence, management of technology, and specific characteristics of the company's innovation process with company success in business innovation. Also, the company's change process as defined here is equally important to low and high clockspeed industries for successfully implementing business innovations. Research limitation/implications – Despite the relatively broad scope of the proposed model, other factors may also be important and should be included in future studies. Practical implications – The items used for measuring the main constructs provide further and more specific insights into how managers should go about developing these areas within their organizations. Originality/value – While the study is grounded in the literature of what until now have been four separate areas of knowledge, it proposed an integrated model for these areas important to business innovation, and empirically tested the model.

Journal

European Journal of Innovation ManagementEmerald Publishing

Published: Aug 2, 2011

Keywords: Business innovation success; Competitive intelligence; Strategic leadership; Management of technology; Innovation process; Industry clockspeed; Competitive strategy

References