The Impact of Innovation Strategy on Organizational Success: A Study of Samsung

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.

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An Empirical Study on Green Innovation Strategy and Sustainable Competitive Advantages: Path and Boundary

Sustainability ◽

10.3390/su10103631 ◽

2018 ◽

Vol 10 (10) ◽

pp. 3631 ◽

Cited By ~ 17

Author(s):

Baoshan Ge ◽

Yibing Yang ◽

Dake Jiang ◽

Yang Gao ◽

Xiaomin Du ◽

...

Keyword(s):

Dynamic Capabilities ◽

Environmental Uncertainty ◽

Reference Value ◽

Mediating Effect ◽

Management Theory ◽

Innovation Strategy ◽

Competitive Advantages ◽

Green Innovation ◽

Sustainable Competitive Advantages ◽

The Impact

Although green innovation strategy (GIS) is the driving force for the sustainable development of enterprises, while the strategy is implemented, an increased cost and a change in organizational routines will cause an organization to become fragile, and even affect the sustainable competitive advantages. So, the purpose of this paper is to explore the impact path of GIS on sustainable competitive advantages and the implementation boundary of GIS. To explain the impact path, we consider the concept of dynamic capabilities to be the mediator variable. To explain the implementation boundary of GIS, we systematically explore the relationships among GIS, dynamic capabilities and sustainable competitive advantages under different levels of environmental uncertainty. Based on 241 new Chinese green firms, the empirical results find that GIS helps enterprises to gain sustainable competitive advantages. However, in the process of strategy implementation, enterprises should choose appropriate methods according to different degrees of environmental uncertainty. In a low environmental uncertainty, dynamic capabilities play a full intermediary role between GIS and sustainable competitive advantages. However, in a high environmental uncertainty, dynamic capabilities have no mediating effect between GIS and sustainable competitive advantages. This study not only integrates green management theory and strategic management theory but also makes up for the deficiencies in research on these theories and has important reference value for enterprises that seek to carry out green innovation activities.

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The Impact of Innovation Strategy on the Financial, Social and Environmental Performance

10.35940/ijef.a2501.051121 ◽

2021 ◽

Vol 1 (1) ◽

pp. 33-39

Author(s):

Hamid Saremi ◽

Masoud Mahmoudi ◽

Mojtaba Soltaninezhad ◽

Mohammad Hosseinpour

Keyword(s):

Financial Performance ◽

Environmental Performance ◽

Positive Impact ◽

Stock Exchange ◽

Social Performance ◽

Point Of View ◽

Innovation Strategy ◽

Management Tools ◽

Social And Environmental Performance ◽

The Impact

The core purpose of this study is to investigate the effect of innovation strategy on financial, social and environmental performance of companies listed on the Tehran Stock Exchange (TSE). The information used is from 129 companies listed on TSE in different industries between 2011 and 2018 (1032 observations). In order to analyze the data, a multivariate regression test was used. The results showed a positive and significant relationship between innovation strategy on financial performance and environmental performance. Also, the relationship between innovation strategy and social performance has a positive but insignificant. Innovation tools are also among the few management tools that can have a positive impact on both financial performance and the company's environmental performance. In this research, an attempt has been made to look at the idea of innovation from a financial point of view, and its results in the long run indicate the right choice of management to invest in the company's research and development unit.

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Digital Innovation Strategy for Travel Agents to Combat Climate Warming

Proceedings of Business and Economic Studies ◽

10.26689/pbes.v3i5.1537 ◽

2020 ◽

Vol 3 (5) ◽

Author(s):

Shuangqi Liu

Keyword(s):

Climate Warming ◽

Innovation Strategy ◽

Multiple Perspectives ◽

Digital Innovation ◽

The Sustainable Development ◽

Travel Agents ◽

Response Strategies ◽

Travel Agencies ◽

The Impact ◽

New Situation

Climate warming leads to great opportunities and difficulties for travel agencies. In order to promote the development of travel agencies in the new situation, this paper studies the digital innovation strategy of travel agencies to deal with climate warming. Through in-depth interviews with 13 travel agencies, the impact of climate warming on travel agencies was discussed from multiple perspectives. Investigate the digital innovation response strategies of this group under the influence of climate warming on tourism, analyze and try to give travel agencies' digital innovation strategies to respond to climate warming. In order to provide some help for the sustainable development of travel agencies.

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The Impact of Inflation Volatility on an Enterprise’s Innovation Strategy

International Journal of Innovative Technology and Exploring Engineering - Special Issue ◽

10.35940/ijitee.l3546.1081219 ◽

2019 ◽

Vol 8 (12) ◽

pp. 193-197

Keyword(s):

Fixed Effects ◽

Negative Impact ◽

Generalized Method Of Moments ◽

Estimation Method ◽

Innovation Strategy ◽

Potential Output ◽

Economic Agents ◽

Inflation Volatility ◽

High Inflation ◽

The Impact

The objective of the study was to determine the effect of inflation volatility on an enterprise's innovation strategy. The study showed that increasing inflation leads to a decrease in the stationary level of potential output, as well as to a decrease in the rate of economic growth in the process of transition to a stationary state. A formula is proposed for calculating the total effect of inflation on the level of enterprise output. The negative impact of the inflation rate on the welfare of economic agents was revealed, which is expressed in the fall in their equilibrium consumption level. Higher-income countries have been shown to suffer more from high inflation than poorer countries. All conclusions made in the analysis of the dynamic model of the impact of inflation on potential output are verified based on econometric modelling using methods and models for panel data: models with fixed effects, models with random effects, and a generalized method of moments. Moreover, the obtained empirical results are stable concerning changes in the specification of the equation and estimation method

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HIGH-PERFORMANCE WORK SYSTEMS, ENTREPRENEURIAL ORIENTATION, AND INNOVATION STRATEGY IN DEVELOPING COUNTRIES

International Journal of Innovation Management ◽

10.1142/s1363919621500900 ◽

2021 ◽

Author(s):

MOHSEN SHAHRIARI ◽

MARYAM MAHMOUDI-MESINEH

Keyword(s):

Developing Countries ◽

Entrepreneurial Orientation ◽

Structural Equation ◽

High Performance ◽

Innovation Strategy ◽

Work Systems ◽

High Performance Work Systems ◽

Knowledge Based ◽

Statistical Sample ◽

The Impact

Innovation strategy has become an important recent challenge in today’s competitive conditions of developing countries. In this paper, the impact of high-performance work systems (HPWSs) on innovation strategy of knowledge-based enterprises is examined, considering the mediating role of entrepreneurial orientation. The statistical sample of study includes 180 managers and employees of Iranian knowledge-based companies. Data were collected using standard questionnaire, and the structural equation method was used for data analysis. The results showed that HPWSs have a positive and significant impact on innovation strategy of knowledge-based companies and about 75% of the total effect of the HPWS on innovation strategy is explained indirectly by the mediating variable of entrepreneurial orientation.

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Does the Mixed-Ownership Reform Affect the Innovation Strategy Choices of Chinese State-Owned Enterprises?

Sustainability ◽

10.3390/su12072587 ◽

2020 ◽

Vol 12 (7) ◽

pp. 2587 ◽

Cited By ~ 1

Author(s):

Chunling Li ◽

Runsen Yuan ◽

Muhammad Asif Khan ◽

Khansa Pervaiz ◽

Xiaoran Sun

Keyword(s):

Institutional Investors ◽

Central Government ◽

Academic Research ◽

Vital Role ◽

Two Dimensions ◽

Innovation Strategy ◽

Chinese State ◽

Ownership Reform ◽

The Impact ◽

Exploratory Innovation

In recent years, the innovation of state-owned listed enterprises has gained substantial momentum in academic research due to their vital role in sustainable economic development. This article examines and evaluates the influence of mixed-ownership reform on the innovation strategy of Chinese State-Owned Enterprises (SOEs) from the two dimensions of ownership structure adjustment and control right allocation. We extend extant research in that: The diversity of mixed shareholders, the depth of mixed equity, and the control of mixed equity can significantly promote the exploratory innovation investment of SOEs. Our study investigates the impact of the shareholding ratio of foreign investors, natural persons, and institutional investors. The empirical results found a significant positive correlation between the increase of the shareholding ratio of institutional investors and the exploratory and exploitative innovation investment. On the other hand, private shareholders’ shareholding ratio has no impact on the innovation strategy choices of SOEs. Specifically, the results proved that the promotion of exploratory innovation investment by mixed-ownership reform is more significant in SOEs controlled by the central government or in competitive industries. To a large extent, this promotion is achieved by improving the proportion of executives with a professional R&D background in SOEs.

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Development of methodology for evaluation of innovative IT-projects

E3S Web of Conferences ◽

10.1051/e3sconf/201911002092 ◽

2019 ◽

Vol 110 ◽

pp. 02092

Author(s):

Lisienkova Tatiana ◽

Liubov Lisienkova ◽

Ekaterina Baranova ◽

Lyudmila Nosova ◽

Inna Tursukova

Keyword(s):

Comprehensive Analysis ◽

Business Development ◽

Digital Transformation ◽

Innovation Strategy ◽

Financial Indicators ◽

It Projects ◽

Urgent Task ◽

Methodological Approaches ◽

The Impact ◽

Selection And Ranking

Innovative business development based on a digital transformation is the urgent task for companies. It is able to ensure the implementation of innovation strategy and digital transformation of business. Due to the high development speed and the IT-market updating, the problem is lack of methods of rational choice of the IT-project. In practice, companies often implement IT-projects without reasonable selection and ranking, which leads to a high proportion of failed innovative IT-projects. As a result, the company does not receive a commercially successful product or service that stands out to the consumer among competitors. The evaluation of innovative IT-projects is based on the financial indicators analysis of the expected results from the implementation. The evaluation of the strategic coherence of the project is ignored. The research approaches the methodical of ranking innovative IT-projects in companies. The method consists in a comprehensive analysis of the impact of the proposed project results in various aspects of the company (strategic, environmental, organizational and technological). The study highlights the features of innovative projects in the field of information technology, a comparative analysis of methodological approaches to the evaluation of innovative projects, modified the model of acceptance of IT-innovations.

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