scholarly journals Knowledge Creation, Innovation and Financial Performance of Firms: Evidence from Vietnam

2016 ◽  
Vol 11 (6) ◽  
pp. 95 ◽  
Author(s):  
Thang V. Nguyen ◽  
Anh T. T. Phan ◽  
Mai T. T. Nguyen
Keyword(s):  
Financial Performance ◽  
Knowledge Creation ◽  
Product Innovation ◽  
Organizational Innovation ◽  
Firm Level ◽  
Policy Makers ◽  
Marketing Innovation ◽  
Knowledge Based ◽  
Innovation Product ◽  
Institutional Uncertainty

<p>Drawing on the knowledge-based perspective and Nonaka’s theory of knowledge creation, this study proposes a model linking firms’ knowledge creation, innovation, and financial performance. The model is tested in a sample of 529 Vietnamese firms. The results show that firms’ knowledge creation has significant impacts on three out of four types of innovation, including product innovation, organizational innovation, and marketing innovation.  Product innovation is also found to contribute significantly to the firm’s financial performance. The results improve our understanding of innovation at the firm level under institutional uncertainty and resource-deficiency and provide some important implications for managers and policy makers. </p>

The impact of strategic competitive innovation on the financial performance of SMEs during COVID-19 pandemic period

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hani El Chaarani ◽  
Prof. Demetris Vrontis ◽  
Sam El Nemar ◽  
Zouhour El Abiad
Keyword(s):  
Financial Performance ◽  
Product Innovation ◽  
Organizational Innovation ◽  
Positive Impact ◽  
Multiple Regression Model ◽  
Analysis Model ◽  
Content Type ◽  
Essential Condition ◽  
Marketing Innovation ◽  
The Impact

Purpose The purpose of this paper is to reveal the impact of strategic competitive innovation types on the financial performance of SMEs during a very critical period: the COVID-19 pandemic. Four strategic competitive innovation types are considered in this study: marketing innovation, organizational innovation, product innovation and processes innovation. Design/methodology/approach To examine empirically the relationship between strategic competitiveness and financial performance, data were collected from a sample of 426 Lebanese SMEs belonging to seven different sectors. Findings The empirical findings of principle component analysis model (PCA) and multiple regression model (MR) reveal that the ability to innovate is essential to an SME’s survival during a crisis. The results of this study confirm the existence of a positive impact of marketing innovation and processes innovation on the financial performance of SMEs during the COVID-19 pandemic. Practical implications Moreover, results suggest that, in Lebanese SMEs, product innovation and organizational innovation do not have any impact on the financial performance during the pandemic period. Originality/value This research focused on strategic competitive innovation as a broadly considered essential condition for the survival of SMEs during the COVID-19 crises.

Non-R&D Innovation Patterns in Chinese SMEs: An Empirical Study from Zhejiang Province

2016 ◽  
Vol 13 (06) ◽  
pp. 1640014
Author(s):  
Gang Zheng ◽  
Yanting Guo ◽  
Yajuan Wang
Keyword(s):  
Organizational Innovation ◽  
Zhejiang Province ◽  
Policy Makers ◽  
Marketing Innovation ◽  
Innovation Activities ◽  
Use Of Resources ◽  
And Performance ◽  
Innovation Patterns ◽  
Policy Incentives

During the last few decades, research and development (R&D) have always been regarded as the most important or even the only factor in the attempt to explain the innovation capability and performance of enterprises, industries and economies, while to a large extent, those heterogeneous innovation activities beyond formal R&D are ignored or underestimated. Some research has shown that non-R&D innovation activities contribute to make full use of resources beyond R&D to promote performance, especially to small- and medium-sized enterprises (SMEs) with weak R&D capability. However, non-R&D innovators’ behavior is still a black box by far, and especially few empirical research have been conducted in China context. This paper first explores the heterogeneous innovation patterns of non-R&D innovation by survey among Chinese SMEs in Zhejiang Province. It shows that, product and service customization, imitation and design, technology adoption and incremental modification, organizational innovation and marketing innovation are the main patterns of non-R&D innovation in China. Then, a case study is followed to cross-validate the patterns and relationships between non-R&D innovation and growth of SMEs in China. Generally, this study has implications for both academia and policy-makers. As it demonstrates, non-R&D innovation is an effective way for SMEs to quickly grow and sustain competitiveness in competition. On the other hand, this study helps to optimize some of current innovation policies for SMEs in China, where policy incentives are mainly R&D-focused. It also likely sheds light on the SMEs in other emerging economies.

An Investigation of the Four Dimensions of Innovation in Small Scale Firms in Lagos State, Nigeria

2013 ◽  
Vol 5 (2) ◽  
pp. 113-118 ◽  
Author(s):  
Sunday Amiolemen ◽  
Olutunde Babalola ◽  
Stephen Adegbite ◽  
Idowu Ologeh ◽  
Olapeju Adekola ◽  
...  
Keyword(s):  
New Product Development ◽  
Product Innovation ◽  
Small Firms ◽  
Organizational Innovation ◽  
Process Innovation ◽  
Manufacturing Firms ◽  
Small Scale ◽  
Four Dimensions ◽  
Marketing Innovation ◽  
Lagos State

The paper examined the dimensions of innovation in small scale manufacturing firms with a view to understanding the interaction and relationship among product innovation, process innovation, organizational innovation, and marketing innovation. It further determines the relationship that exists between sales turnover and the four dimensions of innovation. Forty-six small manufacturing firms were sampled across the 4 major small scale Industrial Estates in Lagos State. The paper observed that these small firms engaged mainly in process innovation. The correlation analysis revealed a significant relationship between marketing and process innovation (r = 0.51; p<0.01) while there is no causality between product and process innovation (r = 0.31; p<0.05); product innovation and organizational innovation (r = 0.22; p<0.05); product innovation and marketing innovation (r = 0.11; p<0.05); and process and organizational innovation (r = 0.27; p<0.05) in these firms. The paper concludes that these firms are solely interested in upgrading and renewal of products, improving new methods of production, supply and distribution. The paper finally submitted that the observed trend is not unconnected with poor R&D initiative between small firms and research institutions, poor technological innovation capability of firms, and poor linkages/collaboration among stakeholder on new product development.

scholarly journals “IMPACT OF PRODUCT INNOVATION ON THE FINANCIAL PERFORMANCE OF THE SELECTED ORGANIZATIONS: A STUDY IN INDIAN CONTEXT”

2021 ◽  
Vol 58 (1) ◽  
pp. 5152-5163
Author(s):  
Dr. Naveen Nandal Et al.
Keyword(s):  
Financial Performance ◽  
Organizational Performance ◽  
Product Innovation ◽  
Organizational Innovation ◽  
Innovation Process ◽  
Process Innovation ◽  
Technology Selection ◽  
Marketing Performance ◽  
June July ◽  
The Impact

The purpose of this research is to analyze the determinants of product innovation and its impact on the financial performance of the organizations. Specifically, the study examines the impact of intelligence generation, intelligence dissemination, product-process innovation, marketing support of the product, quality, Dependability/ Delivery, Technology selection, Flexibility on the financial performance of the automobile companies. The models of product innovation provided the theoretical framework for the research. The model of product-process innovation provides the basis for further research. The first concept explains the link between organizations surroundings and its innovation targets (Utterback JM 1974, 1975) (Miller & Friesen, 1982)(Milling, 1996) whereas the second concept explains the connection between firm’s performance level i.e. innovative performance, financial performance, organizational performance and marketing performance and its innovation types i.e. product innovation, process innovation, organizational innovation and marketing innovation (Abernathy & Townseed, 1975) (Abernathy & Utterback, June/July 1978) (Gunday, et al., 2011). From these concepts evolved this study i.e. to evaluate the impact of product innovation on the financial performance of the organizations.

scholarly journals THE EFFECT OF KNOWLEDGE MANAGEMENT, ORGANIZATIONAL CULTURE AND ORGANIZATIONAL LEARNING ON INNOVATION IN AUTOMOTIVE INDUSTRY

2018 ◽  
Vol 19 (1) ◽  
pp. 1-19 ◽  
Author(s):  
Kambiz ABDI ◽  
Abbas MARDANI ◽  
Aslan Amat SENIN ◽  
Laura TUPENAITE ◽  
Jurga NAIMAVICIENE ◽  
...  
Keyword(s):  
Organizational Culture ◽  
Knowledge Management ◽  
Organizational Learning ◽  
Automotive Industry ◽  
Organizational Innovation ◽  
Policy Makers ◽  
Knowledge Based ◽  
Automobile Manufacturer ◽  
The Government ◽  
The Relationship

The main objective of this study was to examine the direct and indirect effects of organizational culture, knowledge management and organizational learning on innovation. The study combined knowledge-based view theory (KBV), competitive value framework to develop a new original theoretical framework for investigation of factors that affect innovation. Data was gathered from a survey of 279 companies supplying automobile parts to Iran Khodro Company, an Iranian leading automobile manufacturer. Study discovered that organizational culture and knowledge management influenced organizational innovation. Besides that, organizational learning played a significant role as a mediator in that relationship. However, knowledge management was not considered as a mediator in the relationship between organizational culture and organizational innovation. As a practical contribution, the findings of the study serve as a guideline for policy makers and managers in the formulation of policies and strategies for sustainable innovation. Knowing the effectiveness of the innovation can help the government to make decisions about the continuation of this policy. Moreover, study contributes to firm management in formulation of policies and strategies for sustainability in innovation context. Innovation assists organizations supplying the product or service in the automotive sector to operate innovatively, competitively and profitably.

Increasing the competitiveness of Rural Banks through an innovation approach in Bogor District

2020 ◽  
Vol 5 (02) ◽  
pp. 129
Author(s):  
Dimas Ari Darmantyo ◽  
Ratno Ratno ◽  
Yustiana Wardhani
Keyword(s):  
Product Innovation ◽  
Structural Equation ◽  
Business Performance ◽  
Organizational Innovation ◽  
Innovation Process ◽  
Process Innovation ◽  
Positive Influence ◽  
Community Services ◽  
Small Community ◽  
Marketing Innovation

Competition in the banking world in increasing the value of its assets is getting tighter.The presence of financial technology adds to the tight competition in the banking world. Rural Banks (BPR) which focuses on small community services and MSMEs must innovate in order to survive in the banking industry. This research aims to find out if there is an influence of product innovation, process innovation, marketing innovation and organizational innovation on business performance, with accidental sampling method to obtain 150 samples of BPR Customers Bogor District, this research uses Structural Equation Modelling (SEM) method to analyze the data obtained. The results showed that, there is a positive influence of product innovation, process innovation, marketing innovation and organizational innovation on business performance. Product innovation variables have a stronger impact on business performance than marketing innovation, organizational innovation and process innovation. Keywords : Product Innovation, Process Innovation, Marketing Innovation and Business Performance

Some Aspects about Innovation Strategy of Firms in the Industry

2014 ◽  
Vol 657 ◽  
pp. 1036-1040
Author(s):  
Cristina Fenişer ◽  
Florin Lungu
Keyword(s):  
Organizational Innovation ◽  
Innovation Process ◽  
Process Innovation ◽  
Innovation Strategy ◽  
Marketing Innovation ◽  
Market Expansion ◽  
Innovation Product ◽  
Product And Process Innovation ◽  
Product And Process ◽  
Innovation Processes

The innovation process is a sequence of activities that carry out a company's management to produce new products and services for sale. At the same time, the category of innovation processes includes, market expansion activities, and improvement of: supply functionality, production processes, equipment maintenance, distribution channels, service and, last but not least, the perfectioning of the company's administrative and management activities. In this study we aimed to analyze the innovation strategy of firms in the industry in the county of Alba. As a research method we used a questionnaire-based survey. The data collected were subjected to a quantitative analysis. In specialized literature four types of innovation are conventionally defined : product innovation, process innovation, marketing innovation and organizational innovation. Product and process innovation are closely related to the concept of technological innovation and are the categories covered in this step. From the study's result we can see that innovation is a strategic priority for managers of industry in Alba County. They believe that the most important skills for innovation is the ability to anticipate the market's development, to attact innovative people and to develope new innovative technologies.

The Influence of Intellectual Capital on Product, Process and Administration Innovation in the SMEs Context.

2018 ◽  
Vol 5 (3) ◽  
pp. 1-7 ◽  
Author(s):  
Yasmin Kamall Khan ◽  
Sharifah Zannierah Syed Marzuki ◽  
Azlin Shafinaz Mohd Arshad
Keyword(s):  
Intellectual Capital ◽  
Product Innovation ◽  
Organizational Innovation ◽  
Cross Sectional Study ◽  
Australian Bureau ◽  
Relational Capital ◽  
Sectional Study ◽  
Cross Sectional ◽  
Innovation Product ◽  
Australian Bureau Of Statistics

There are insufficient studies that investigate the connection between human, structural and relational capital and organizational innovation in Australian SMEs in the literature. Various SMEs industries, in Australia were adapted from Business Longitudinal Database (BLD) from the Australian Bureau of Statistics (ABS). This cross-sectional study shows that relational and human capitals are positive and significant towards process innovation while relational capital is the only predictor for product innovation. The results also show that human, structural and relational capitals were the most significant predictor for administration innovation. The findings show that relational capital has the most significant relationship between the three components of intellectual capital towards innovation in Australia SMEs. SME managers acknowledged the importance in collaboration towards achieving innovation performance in their firm. In order for SMEs to be a competitive advantage, managers should focus to improve their networking and collaboration with external parties, so that the whole innovation (product, process and administration innovation) can be achieve. 

scholarly journals The role of inbound and outbound open innovation on firm performance in environmental turbulence era: Mediating of product and marketing innovation

2021 ◽  
Vol 11 (9) ◽  
pp. 2347-2358 ◽  
Author(s):  
Edy Yulianto
Keyword(s):  
Firm Performance ◽  
New Product Development ◽  
Open Innovation ◽  
Product Innovation ◽  
Two Dimensions ◽  
Environmental Turbulence ◽  
Statistical Tool ◽  
Moderating Variables ◽  
Marketing Innovation ◽  
Innovation Product

Open innovation has been identified as two dimensions, the flow of knowledge obtained from outside and processed within the organization and has a role as a key business responsiveness to prevent any risks that will be faced. From this knowledge flow is a successful approach to new product development featuring outbound and inbound knowledge that is managed with the aim of getting out of the bounds of risk. Therefore, this study investigates and explains the clausal relationship between the variables used, such as inbound and outbound open innovation, product innovation, marketing innovation, firm performance, and environmental turbulence as moderating variables. This study uses a quantitative approach and designs a questionnaire that has been distributed to 115 SMEs owner / managers as a sample. In the process of formal data collection, a random sample was used in this study which was distributed to the owner / manager of SMEs. While the processing, analysis, and hypothesis testing process of this study uses PLS-SEM which is a statistical tool for applying all data scales, does not require many assumptions, and confirms relationships. The findings in this study indicate that what has a positive and significant effect is the relationship of inbound open innovation to product innovation, product innovation to marketing innovation, marketing innovation to firm performance. In addition, the moderating effect of environmental turbulence in a positive way is only product innovation on firm performance. Further explanation of the implications of the findings has been discussed and confirmed.

scholarly journals The Effect of Financial Innovations on the Financial Performance of Commercial Banks in Kenya

2016 ◽  
Vol 1 (1) ◽  
pp. 15
Author(s):  
Catherine Mugane ◽  
Herick Ondigo
Keyword(s):  
Financial Performance ◽  
Commercial Banks ◽  
Product Innovation ◽  
Organizational Innovation ◽  
Service Innovation ◽  
Primary Data ◽  
Financial Innovations ◽  
Operational Risks ◽  
Main Determinants ◽  
The Relationship

Purpose: The study sought to investigate the effect of financial innovations on financial performance of commercial banks in Kenya. The main problem was that there is an increase in the number of financial innovations, but whether the innovations in banking industry are the main determinants of financial performance is a hard to tell. Despite the significance of financial innovation, the effect of innovation on financial performance is still misunderstood.Methodology: The study adopted an explanatory research design. The population of the study was all the 43 commercial banks operating in Kenya in the study period. The study conducted a census on all the 43 commercial banks. The study used primary data. An ordinary linear regression model was used. The regressions were conducted using statistical package for social sciences (SPSS) version 20.Results: The study findings indicated that there is a negative and significant relationship between product innovation and ROA. The relationship between service innovation and ROA and also organizational innovation and ROA was found to be positive and significant. Based on the findings, the study concluded that commercial banks in Kenya in the study period had unsteady trends in ROA despite the fact that more financial innovations were taking place in the sector. The study also concluded that the relationship between product innovation and financial performance of commercial banks is negative and significant. Based on the study findings, the study also concluded that the relationship between service innovation and ROA and also organizational innovation and ROA is positive and significant.Unique contribution to theory, practice and policy: The study recommended that Commercial banks should implement effective product innovation strategies that won’t increase their operational risks which in turn affects their financial performance. The study also recommended that commercial banks should focus more and invest more in both service and organization innovation as the two will lead to better financial performance.

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