Effects of innovative finance, strategy, organization and performance: a case study of company

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Fatma Sonmez Cakir ◽  
Zafer Adiguzel
Keyword(s):  
Latent Variables ◽  
Organizational Innovation ◽  
Financial Innovation ◽  
White Collar ◽  
Innovation Strategy ◽  
Mediation Effects ◽  
Content Type ◽  
Sustainability Performance ◽  
Innovation Activities ◽  
Energy Companies

Purpose The aim of the research is to analyze sustainability in energy companies in terms of financial innovation, innovation strategy and organizational innovation. Design/methodology/approach The analysis of this research was done by using the Mplus 7 package program, and the research model was tested using the existing latent variables and their expressions. Data from 298 administrative staff (white collar) working in companies operating in the energy sector were analyzed. Findings Both independent and mediation effects of financial innovation and innovation strategy positively affect sustainability performance. Therefore, it can be concluded that in order for sustainability performance to be positive, importance should be given to financial innovation, innovation strategy and organizational innovation activities. Research limitations/implications As the data were collected from energy companies in this research, it is not correct to generalize the evaluations. Therefore, in terms of the limitations of the research, the sector and sample size should be taken into account in future studies. Originality/value This research conducted in energy companies focuses on the importance of sustainability and has a unique value in the literature as the data is collected and analyzed from white-collar employees.

Innovation drivers in Ecuadorian manufacturing

2019 ◽  
Vol 17 (4) ◽  
pp. 510-539
Author(s):  
María Engracia Rochina-Barrachina ◽  
Jorge Antonio Rodríguez
Keyword(s):  
Design Methodology ◽  
Organizational Innovation ◽  
Probit Model ◽  
Manufacturing Firms ◽  
Content Type ◽  
Innovation Activities ◽  
Different Types ◽  
Innovation Strategies ◽  
Over Time

Purpose The purpose of this paper is to study which are the drivers of different types of innovations for manufacturing firms. The considered innovation types are product, process, organizational and marketing innovations. In addition, this study also aims to understand why most types of innovation (with the exception of organizational innovation) have decreased over time. Design/methodology/approach The two non-overlapping waves of the Ecuadorian National Innovation Activities Survey 2013 and 2015 (NIAS) are used. To identify the determinants of the different types of innovations and to check whether the decisions to innovate are correlated, a tetravariate probit model is used. Findings The results obtained point to some relevant differences in terms of the drivers of the different types of innovation. In addition, it is also evident that with the passage of time, certain problems that may be reducing the incentives to innovate have become more acute. Originality/value The study adds new empirical evidence to the literature on the role of investments in incorporated technology in innovation in developing countries. In particular, for Ecuadorian firms, the acquisition of incorporated technology in capital goods seems to be very relevant. This highlights the existence of a supply-driven innovation strategy. However, there is also room for innovation strategies driven by demand conditions.

Firms’ reaction to threats from informal firms: exploring the roles of institutional quality and technical gap

2020 ◽  
Vol 35 (11) ◽  
pp. 1887-1899
Author(s):  
Guoyou Qi ◽  
Hailiang Zou ◽  
Xie X.M. ◽  
Saixing Zeng
Keyword(s):  
Organizational Innovation ◽  
Institutional Quality ◽  
Firm Level ◽  
Content Type ◽  
Innovative Strategies ◽  
Innovation Activities ◽  
Top Managers ◽  
Level Data ◽  
Technical Capability ◽  
The Impact

Purpose Threats from the informal sector have become an important concern among formal firms. As a response to these threats, formal firms can adopt product innovation (PI) and marketing innovation (MI) strategies to differentiate themselves. The purpose of this paper is to examine how firm-level technical capability and external institutional quality affect firms’ reactions to the threats from informal firms by adopting innovative activities. Design/methodology/approach Based on attention-based view (ABV), an empirical study is conducted by using firm-level data from the World Bank Enterprise Survey in 2013. Findings The findings indicate that when faced with competition from informal firms, formal firms will intensify their innovation activities in both MI and PI, and their technical capability mitigates the competitive threats from informal sectors and thus weakens the impact of informal competitors on the level of product and marketing innovations. Moreover, it is found that the improvement of institutional quality reduces formal firms’ urgency to introduce new products when facing informal competitors. However, this improvement strengthens the impact of informal rivalry on formal firms’ innovation in marketing methods. Originality/value Previous studies that investigate the influence of informal threats are focused on technological innovation (e.g., PI and process innovation) strategies, but little knowledge is provided on non-technological innovative strategies, such as marketing strategies (e.g., MI and organizational innovation). This study contributes to the innovation literature by delving into the circumstances under which PI and/or MI is adopted to counter informal rivals. The findings enrich ABV by investigating how inter-firm resource similarity and marketing commonality strengthen top managers' attention to competition from informal firms.

“Lean in”: the moderating effect of female ownership on the relationship between human capital and organizational innovation

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yanli Fu ◽  
Ruiming Liu ◽  
Jifeng Yang ◽  
Hao Jiao ◽  
Yuke Jin
Keyword(s):  
Human Capital ◽  
Educational Level ◽  
Product Innovation ◽  
Organizational Innovation ◽  
Process Innovation ◽  
Content Type ◽  
Innovation Activities ◽  
The Relationship ◽  
Average Educational Level ◽  
Female Ownership

PurposeWith the aim of shedding new light on the characteristics of human capital in its relationship with organizational innovation, this paper develops a novel theoretical and empirical exploration of the characteristics of human capital, both executives' experience and employees' average education level, as well as the moderating effect of female ownership, on two different aspects of organizational innovation.Design/methodology/approachData were obtained from the World Bank's China private manufacturing enterprise questionnaire survey. The study employs regression analysis of a logistic model using 1,598 samples, because the dependent variable of an organization's innovation index is a binary variable.FindingsUsing World Bank survey data of Chinese private manufacturing enterprises, the authors find that executives' experience has a significantly positive effect on process innovation. Female ownership strengthens the relationship between executives' experience and process innovation. Moreover, the results indicate that employees' average educational level has a significantly positive effect on product innovation. Female ownership strengthens the relationships between employees' average educational level and organizational innovation including product innovation and process innovation. This study highlights the importance of simultaneously testing the effects of human capital and gender heterogeneity on organizational innovation activities.Originality/valueThis study explores the impact of human capital on organizational innovation activities in the context of the Chinese manufacturing industry. Moreover, organizational innovation activities are divided into two aspects: product innovation and process innovation. This study separately discusses the effect of human capital on these two kinds of innovation in detail. Finally, female ownership is selected as a moderating variable, and it is demonstrated that interactions of female owners with executives' experience and employees' average educational level have a positive impact on increasing different kinds of organizational innovation. The authors identify new boundary conditions for the domain of female research that are sorely lacking in the present literature.

Inter-firm collaborations to make or to buy innovation

2019 ◽  
Vol 17 (4) ◽  
pp. 404-425 ◽  
Author(s):  
Pablo Galaso ◽  
Adrián Rodríguez Miranda ◽  
Santiago Picasso
Keyword(s):  
Betweenness Centrality ◽  
Policy Implications ◽  
Innovation Strategy ◽  
Collaboration Network ◽  
Content Type ◽  
Cluster Network ◽  
Innovation Activities ◽  
Innovation Strategies ◽  
Firm Networks ◽  
Practical Implications

Purpose This paper aims to analyze the relationship between inter-firm collaboration network and the type of innovation strategies that can be followed by firms: buy or make innovation. In particular, the authors seek to analyze which are the network topologies that facilitate firms following a buy innovation strategy compared to those network properties that encourage internal R&D activities. Design/methodology/approach The authors use data from a fieldwork with face-to-face interviews applied to managing directors of firms in the rubber and plastic cluster of Uruguay. Subsequently, they combine social network analysis with regression techniques to determine how inter-firm networks can influence different types of innovation activities. Findings The authors find that degree centrality facilitates a buy innovation strategy, while betweenness centrality is positively associated with making innovation. Thus, having many direct links with other firms and organizations is relevant to buy innovation. However, indirect links that allow the firm to occupy a strategic position in the network are crucial to develop in-house innovation strategies. Research limitations/implications The results offer an advance in the explanation of the incidence of the cluster network structure on the firms innovation strategies; however, they should be contrasted with similar analysis in others clusters and complemented with in depth case studies on the mechanisms behind these phenomena. Practical implications These findings have practical implications for business innovation strategy. One factor that should be taken into account is the way in which firms interact with other actors in the cluster. On the one hand, firms can decide to establish and maintain many direct collaboration links, which may contribute to buy innovation. On the other hand, they can follow a more strategic and selective collaboration strategy to make innovation, a strategy that carefully studies not only its direct collaborations, but also what the potential indirect connections would be. Social implications These findings have policy implications regarding industry support organizations. The findings show that such organizations contribute significantly to the overall connectivity and cohesion of networks. This fact allows some firms to register high levels of betweenness centrality, and therefore, organizations can be an interesting instrument to support firms aiming to follow a make innovation strategy. Originality/value This study contributes to the literature that analyzes how inter-firm collaboration networks can influence innovation. In line with previous research, results verify that centrality is positively associated with innovation. However, the main contribution of this research is to provide evidence on different ways in which inter-firm networks are related to different innovation strategies (make or buy). In addition, the authors contribute to the understanding of collaboration dynamics and innovation activities in inter-firm interactions within a typical case of a low-tech cluster created under the so-called state-led industrialization model in Latin America.

scholarly journals Stakeholder engagement in intra- and inter-organizational innovation

2018 ◽  
Vol 29 (3) ◽  
pp. 399-421 ◽  
Author(s):  
Julia M. Jonas ◽  
Julian Boha ◽  
David Sörhammar ◽  
Kathrin M. Moeslein
Keyword(s):  
Stakeholder Engagement ◽  
Organizational Innovation ◽  
Longitudinal Case Study ◽  
Content Type ◽  
Innovation Activities ◽  
Service Ecosystems ◽  
Key Issues ◽  
Service Ecosystem ◽  
Over Time

Purpose To further extend the understanding of multidimensional engagement of stakeholders embedded in service systems, the purpose of this paper is to explore the antecedents that constitute stakeholder engagement in inter-organizational service ecosystems where stakeholders co-create innovations over time. Design/methodology/approach An explorative, longitudinal case study design is employed to analyze stakeholders’ engagement in co-innovation in an inter-organizational service system in an engineering context. Findings The study identifies eight antecedents for stakeholder engagement in innovation in the context of a B2B environment. Building on related engagement research, the empirical data show how stakeholder engagement is influenced at both individual and organizational levels by the antecedents friendship, common experiences, self-representation, trust, a common goal, resource dependency, level in the hierarchy, institutional arrangements, and local proximity. Originality/value The paper extends current understanding of engagement and illuminates stakeholder engagement on a micro level, addressing four key issues for stakeholder engagement in a service ecosystem. How can stakeholder engagement be maintained over time? Does stakeholder engagement at specific hierarchical levels enhance or hinder inter-organizational co-innovation? Is strong engagement necessary for innovation activities? Are the different engagement antecedents linked?

HRM practices and organizational performance in the UAE banking sector

2016 ◽  
Vol 65 (6) ◽  
pp. 773-791 ◽  
Author(s):  
Sherine Farouk ◽  
Hossam M. Abu Elanain ◽  
Shatha M. Obeidat ◽  
Moza Al-Nahyan
Keyword(s):  
Organizational Performance ◽  
Banking Sector ◽  
Organizational Innovation ◽  
Innovation Strategy ◽  
Equation Modeling ◽  
Content Type ◽  
Hrm Practices ◽  
And Performance ◽  
The Relationship

Purpose – The purpose of this paper is to examine the impact of human resource management (HRM) practices on organizational performance in the banking sector in the United Arab Emirates (UAE), to test the mediating impact of organizational innovation on the HRM-organizational performance relationship, and to test HRM practices as mediator of the relationship between innovation strategy and organizational innovation. Design/methodology/approach – Data were collected from 168 managers working in UAE banks. A structured questionnaire containing standard scales of HRM practices, innovation strategy, organizational innovation, organizational performance, and some demographic variables was used. The analytical method used to empirically test the hypotheses proposed is the structural equation modeling technique using PLS. The two steps are: the assessment of the outer model and the assessment of the inner model. Moreover, a bootstrapping method is employed in order to test indirect effects. Findings – Results found that organizational innovation fully mediates HRM-organizational performance link. Moreover, with the existence of innovation strategy, HRM mediates the relationship between innovation strategy and organizational innovation. Research limitations/implications – The limitations of common method bias and cross-sectional data are discussed in light of implications for future research. Nevertheless, the results provide new insights on the influence of HRM on organization innovation and performance in a non-Western context of the UAE by testing the role of some mediators in influencing the relationship between HRM and performance. Practical implications – In general, enhancing the effectiveness of HRM can result in higher level of performance and innovation. In particular, the choice of an innovation strategy implies the use of an effective incentive-based compensation, training and development, recruitment and selection and performance appraisal. Originality/value – This study is considered the first study to examine the mediating role of organizational innovation on the relationship between HRM and organizational performance in the Middle East. Also, the study is the first study to test the role of HRM as a mediator for the innovation strategy-innovation performance relationship in a non-Western context.

Energy After COVID

2020 ◽  
Vol 119 (820) ◽  
pp. 317-322
Author(s):  
Michael T. Klare
Keyword(s):  
Renewable Energy ◽  
Electric Vehicles ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
White Collar ◽  
Peak Oil ◽  
Business Travel ◽  
Reduce Energy Consumption ◽  
The Cost ◽  
Energy Companies

By transforming patterns of travel and work around the world, the COVID-19 pandemic is accelerating the transition to renewable energy and the decline of fossil fuels. Lockdowns brought car commuting and plane travel to a near halt, and the mass experiment in which white-collar employees have been working from home may permanently reduce energy consumption for business travel. Renewable energy and electric vehicles were already gaining market share before the pandemic. Under pressure from investors, major energy companies have started writing off fossil fuel reserves as stranded assets that are no longer worth the cost of extracting. These shifts may indicate that “peak oil demand” has arrived earlier than expected.

Business strategy, performance appraisal and organizational results

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Alberto Bayo-Moriones ◽  
Jose Enrique Galdon-Sanchez ◽  
Sara Martinez-de-Morentin
Keyword(s):  
Firm Performance ◽  
Human Resources ◽  
Performance Appraisal ◽  
Competitive Strategy ◽  
Management Practices ◽  
Robust Regression ◽  
Innovation Strategy ◽  
Content Type ◽  
The Impact ◽  
Developmental Performance

PurposeThe purpose of this study is to analyze how the design of performance appraisal is influenced by the competitive strategy of the firm. Then, this paper examines if the alignment between appraisal and strategy impacts firm performance.Design/methodology/approachThe study sample includes 258 Spanish firms in the manufacturing and services sectors. This information was gathered through questionnaires addressed to the CEO and the senior human resources manager. Several econometric models are estimated, using robust regression analysis and including a set of relevant control variables.FindingsA positive relationship is found between an innovation strategy and developmental performance appraisal. A cost strategy has a negative impact on the adoption of developmental performance appraisal. The findings also confirm that firms with a quality strategy and developmental appraisal have higher performance. In addition, firms adopting an innovation strategy and administrative appraisal enjoy higher return of equity.Research limitations/implicationsFuture research should analyze the dynamics of the relationships between appraisal, strategy and performance to rule out the flaws of cross-sectional data. Another potential extension is the analysis of the interactions of the design of other human resources management practices with both competitive strategy and firm performance.Practical implicationsFirms can improve performance by aligning performance appraisal design with strategy. Those with an innovation strategy should choose administrative appraisal, and those competing on quality should focus on developmental appraisal.Originality/valueThis paper compares the theoretical recommendations on performance appraisal for different competitive strategies, what firms actually do, and the impact that the alignment between appraisal and strategy has on firm performance.

Knowledge management practices for innovation: a multinational corporation’s perspective

2014 ◽  
Vol 18 (5) ◽  
pp. 905-918 ◽  
Author(s):  
Daniel Jiménez-Jiménez ◽  
Micaela Martínez-Costa ◽  
Raquel Sanz-Valle
Keyword(s):  
Social Capital ◽  
Knowledge Management ◽  
Management Practices ◽  
Organizational Innovation ◽  
Multinational Companies ◽  
Transfer Of Knowledge ◽  
Content Type ◽  
Reverse Knowledge Transfer ◽  
Knowledge Management Practices ◽  
Different Sources

Purpose – This paper aims to assess the importance of different knowledge management practices to promote organizational innovation in multinational companies. The links among internationalization, reverse knowledge transfer and social capital and organizational innovation are analyzed. Design/methodology/approach – Structural equation modeling was used to check the research hypotheses with a sample of 104 multinational companies. Findings – The results show that internalization has no direct effect on organizational innovation but a indirect effect trhrough the transfer of knowledge from external subsidiaries to the headquarter. Furthermore, this knowledge and other that comes from internal and external social capital is essential for the development of innovations. Research limitations/implications – Self-reporting by the CEOs may be the most significant limitation, as a single key informant provided the data; multiple informants would enhance the validity of the research findings. A second limitation is the cross-sectional design of the research that does not allow observation of the short- and long-term impact of the relationships among the variables. Practical implications – Organizational innovation is not an easy task. However, those multinational companies which foster knowledge management practices that generate new knowledge from external subsidiaries, internal or external social relationships, will facilitate the generation of innovations. In consequence, these companies should foster the generation of knowledge from different sources. Originality/value – The focus of the study in this paper is on multinational companies and the possibility to acquire knowledge from different sources (inside organization, external local environment and international context). Specially, focus on the transfer of knowledge from subsidiaries to headquarters (reverse knowledge transfer), as it is insufficiently investigated by current literature.

Determinants of positive mental health: a path model

2014 ◽  
Vol 19 (1) ◽  
pp. 47-60 ◽  
Author(s):  
Nima S. Ganga ◽  
V. Raman Kutty ◽  
Immanuel Thomas
Keyword(s):  
Public Health ◽  
Mental Health ◽  
Latent Variables ◽  
Positive Mental Health ◽  
Path Model ◽  
Primary Data ◽  
Outcome Variable ◽  
Public Health Approach ◽  
Cross Sectional Survey ◽  
Content Type

Purpose – A public health approach for promoting mental health has become a major health policy agenda of many governments. Despite this worldwide attention on research addressing population mental health and general wellbeing, very little is heard on positive mental health from the low-and middle-income countries. This paper aims to present an attempt to develop a model of positive mental health among young people. This could be used for integrating the concept of positive mental health (PMH) into public health interventions. Design/methodology/approach – The study was conducted in the state of Kerala, India. The paper administered the “Achutha Menon Centre Positive Mental health Scale” to a sample of 453 (230 men and 223 women) in the age group 18-24, along with an interview schedule exploring the relationship of PMH with many explanatory variables such as sex, beliefs, religion, education, employment and social capital. The paper developed an input path model through a series of multiple regressions explaining the levels of PMH in the community, which was then tested statistically (using AMOS version 7.0). The input model was created by identifying the determinants and correlates of PMH based on their predictive power on the outcome variable, the PMH score. The input diagram was used to test the model fit of the data. Findings – The path model (Figure 1) clearly specified the determinants of PMH. Among them, the variables that have a direct determinant effect on PMH are: quality of home learning environment, employment status, education status, marital status, self-perception on possession of skills, happiness with life, membership in social organizations and socializing capability. Research limitations/implications – In this study, path model is used to confirm relationships among observed and latent variables. The path diagram assesses the comparative strength of the correlations between the variables and does not test the directionality. Or, the model itself cannot prove causation. Practical implications – Determinants of PMH those are amenable to interventions as well as those which help in recognizing characteristic groups for intervention could help to plan future intervention programs. Originality/value – Original paper based on primary data collected through a cross-sectional survey.

Sign in / Sign up

Export Citation Format

Share Document