Innovative Companies Research Articles

An analysis on the interactions between actors of the innovation ecosystem and incubators

This study underscores the significance of conducting research on innovation ecosystems, which are facilitated through the interaction between academia, industry, and government, commonly referred to as the "triple helix". Collaborative efforts among these stakeholders are vital for fostering coherent value propositions within the ecosystem. Additionally, the relevance of innovation habitats is emphasized, as they provide conducive environments for knowledge sharing and the emergence of new innovative companies. In this context, incubators play a crucial role in driving businesses during their early stages and facilitating knowledge sharing and support for entrepreneurship. However, despite its importance, there is still a lack of understanding regarding the interactions between actors in the innovation ecosystem and incubators, which is essential for the success of this innovation-driven environment. Therefore, this study aimed to analyze the primary interactions between business incubators and innovation ecosystem actors. To this end, a systematic literature review of the last ten years was carried out, resulting in 359 studies. Our findings revealed that incubators connect with the actors of the innovation ecosystem, mainly through support, network, and fomentation connections, in addition to listing the contributions of incubators in their respective innovation ecosystems. The interactions between incubators and innovation ecosystems are crucial for both to develop, highlighting that incubators must not act isolatedly from their innovation ecosystem, thus facilitating knowledge-sharing among the various participants.

Corporate innovation capacity, national innovation setting, and renewable energy use

This study combines both the resource-based view and institutional theory to investigate the relationship between a company's innovation capabilities and its consumption of renewable energy sources within well-established innovation ecosystems. Drawing on a comprehensive dataset of 14,506 observations covering 2007 to 2018, we executed the country-industry-year fixed-effects regression. The analysis reveals that a nation's innovation framework significantly influences the connection between a firm's innovation capabilities and its use of renewable energy. This relationship is moderated by key indicators of the nation's innovation climate, including the quality of scientific research institutions, university–industry collaboration, and government involvement in technology procurement. These findings emphasise the importance of institutional factors in fostering synergy between a company's innovation capacity and its consumption of renewable energy sources. They highlight the potential benefits of collaboration between firms and governments in promoting renewable energy consumption, especially in an era where innovative energy solutions are critical. This evidence underscores the need for a supportive macro-level policy environment alongside corporate initiatives to facilitate the transition to cleaner energy sources.

THE SPECIFICS OF USING THE PROFESSIONAL LANGUAGE OF MANAGEMENT

The article examines the problems of the formation and development of the professional language of management. The position on the need for research and practical implementation of system categories, concepts, and mechanisms of the professional management language is presented. It is proposed that the features of the professional language of management be determined. Features and strategic directions for the development of this process are determined. The critical parameters of the formation and development of the terminological series of the professional language of management are analyzed. Particular attention is paid to considering the semantic dynamics of the formation process and the practical use of specific terms and phrases that characterize the professional management system. The importance of innovative dynamics in the system of personnel policy and knowledge of the terminology of management processes is shown. The objective necessity of fundamental and innovative training of managers is determined as a basis for their orientation towards the systematic development of the managerial profession. Approaches to the implementation of meaningful definitions of the management process are considered. The need to transform the professional qualities of management personnel with an emphasis on the peculiarities of the terminological series of the professional language of management is proven. Attention is focused on the need to develop socio-cultural indicators of management professionalization. The basic principles of using the professional management language are determined, and the need for their practical implementation is proved. The position on the role of the managerial elite in developing an innovative society is presented. Attention is focused on developing the process of professionalization of organizational activity in Ukraine and defining the basic principles of using the professional language of management.

Redefining Supply Chain Financing: The Role of Long-Term Investors and Intangible Assets from a Resource-Based View Perspective

Supply chain finance has the capacity to enhance the efficiency of financing and the ability to manage risk for all stakeholders involved in the supply chain, leading to the promotion of sustainable development, and fostering collaborative partnerships within the chain. The theoretical foundation for the evolution of supply chain finance and the optimal utilization of internal and external resources can be attributed to the resource-based view. Building upon this view, we propose establishing a framework for the relationship between supply chain finance, intangible assets, and long-term investors. However, it is crucial to note that, under the predominant shareholding structure of long-term investors, the value and safeguarding of intangible assets may not be effectively enhanced. This can have ramifications on the investment decisions and interest protection of long-term investors as well as hinder the competitiveness of enterprises and the efficacy of supply chain finance. Leveraging it allows for the extraction of value from intangible assets and attracts the support of long-term investors, thereby aiding enterprises in risk reduction, fostering innovation and technological advancement, and ultimately achieving sustained development. Our proposed model serves as a valuable reference for relevant enterprises and individuals seeking to utilize supply chain finance, particularly for entrepreneurs and innovative companies.

The impact of leadership strategies in enhancing product creativity: an exploratory study in the General Company for the Manufacture of Pharmaceuticals and Medical Supplies/Samarra

The current research aims to determine the correlation and influence between entrepreneurial strategies and enhancing product innovation in the General Company for the Manufacture of Pharmaceuticals and Medical Supplies in Samarra. Entrepreneurship strategies are among the important strategies for any organization and have a prominent role in reaching the goals that the organization seeks to achieve,Among them is the goal of enhancing product creativity. Due to the limited studies that included the influential relationship between these variables in general and in the Iraqi environment in particular, the researchers sought to include in their current study these dimensions and their variables within a comprehensive framework in an attempt to study the relationship and influence between them. In general, this study attempts to answer the following question: What is the nature of the correlations and influence between entrepreneurial strategies and enhancing product creativity in the General Company for the Manufacture of Pharmaceuticals and Medical Supplies in Samarra?To answer this question, a hypothetical chart was prepared that reflects the relationships of correlation and influence between the research variables. Specific hypotheses were formulated that were tested and verified. The descriptive and analytical approaches were used to complete the research, in addition to adopting a questionnaire form according to a five-point Likert scale as a main tool for collecting data and related informationSearch

THE IMPACT OF COVID-19 PANDEMIC ON IT COMPANIES’ INNOVATION ACTIVITY IN THE USA

The study analyzes the impact of COVID-19 pandemic on such innovative activity indicators as R&D spending and the number of international patents of American IT companies. The sample includes 130 US companies from 2010 to 2021. The data are analyzed using the models with fixed individual effects and robust errors, Tobit and Heckman models. According to the findings R&D/Sales ratio has not changed during the pandemic. However, R&D expenditures increased during the pandemic for highly innovative firms and companies from the technology equipment sector increased analogue capitalized R&D. Besides, firms that had international patents before the pandemic granted more patents for registration during the pandemic. A one-year lag was found between innovations’ input in the form of R&D investment and innovations’ output in the form of international patents. These findings allow us to conclude that COVID-19 has a positive impact only on highly innovative companies in the United States.

Commentary: Company Innovativeness: A Radically New Perspective on an Old Concept

The article highlights misconceptions around the concept of innovativeness and argues for a broader understanding that encompasses both inward and outward-looking perspectives. It emphasizes the importance of perceived innovativeness as influenced by marketing, innovation culture, leadership, and emotional connection with customers. This customer-centric viewpoint not only offers a fresh lens through which to evaluate firm innovativeness but also underscores its significant implications for innovation management and future research directions.

Impact of contextual factors on new product development process: evidence from a large company in Thailand

This research investigates the impacts of contextual factors, including organization-, project-, product-, and market-related factors, on New Product Development (NPD) process and explores how these factors shape the NPD process of the company within a specific context—a large-sized company in Thailand. By interviewing 11 managers from a large-sized company in Thailand, the findings reveal different impact of the contextual factors on the company’s NPD process. Based on these findings, we develop a practical NPD model to overcome company-specific challenges and, consequently, offer valuable insights to enhance the NPD process in similar contexts. Importantly, our findings suggest that innovative companies should strategically integrate the route-to-market for radical innovation into their NPD process because it enhances the customer perception of the innovation’s value before commercialization, leading to the success of NPD. Our empirical evidence fills the gaps in the literature regarding the practical configuration of NPD processes in developing countries as well as large-sized companies, acknowledging the variation in the NPD process that depends on contextual factors where innovation occurs. It also provides detailed insights beyond most existing studies that investigate correlation of factors with the NPD process and offers practical implications for management involved in the NPD process, emphasizing the need for contextual awareness in formulating effective NPD strategies.

A Review of Research on Structural Holes and Innovation Performance

With the development of globalization, firms are facing increasingly fierce competition. In such an environment, innovation has become an inevitable choice for companies to survive and develop, and is a hot topic studied by management scholars. Especially in high-tech industries, innovation has a particularly prominent impact on a company’s survival and prosperity. Technical innovation involves high levels of uncertainty and requires significant amounts of time and resources, so firms typically engage in strategic alliances to conduct joint research and exchange knowledge and information. In this process, innovation networks become an important source of innovation for companies, and the transfer, sharing, integration, and absorption of technical knowledge are all accomplished through innovation networks. As an important structure in innovation networks, structural holes can provide novel and heterogeneous information and knowledge. firms occupying positions in structural holes have information and control advantages, and by integrating different information, firms are more likely to create new knowledge. Therefore, the study of structural holes has become a focus of management research, and can play a significant role in promoting the development of social network and social capital theory. This paper systematically studies structural holes and innovation performance by reviewing existing research and defining the basic concepts and classifications of structural holes. In addition, relevant studies on the relationship between structural holes and innovation performance are summarized from the organizational, team, and individual levels, with a focus on the relationship between structural holes and firm innovation performance. Finally, based on the shortcomings of current research on structural holes and innovation performance, future research prospects are proposed to further promote the development of research in this area.

Navigating the impact: A comprehensive analysis of ESG disclosure consequences through systematic review

AbstractThe purpose of this article is to provide a comprehensive and systematic assessment of the literature on the consequences of environmental, social, and governance (ESG) disclosure by means of content analyses. Using a systematic approach, a sample of 165 studies was collected from the Web of Science database and evaluated on the basis of econometric and content analyses, including publication trends, geographical distribution, theories and consequence associated with ESG disclosure (investment and innovation of firms, financing cost and method, operations and financial risk of firms, firm performance and value and others), provides some direction for future investigation. According to the analysis, the literature was more interested in the stakeholder theory when examining the effects of ESG disclosure on areas including company innovation and investment, financing costs and methods, financial risk and operations, business performance, and others. Even though most of the literature has focused on firm performance and value, there is still no clear understanding of the relationship. Also, limited work was found on the investment and innovation of firms, and financing cost and method, while the impact of operations and financial risk of firms has yet to be explored. Meanwhile, this study also identified the impact of ESG disclosure on analysts, audit fees, and earnings management as a new research direction. Finally, this study innovates new findings that institutional pressures may have an impact on the consequences of ESG disclosure, a topic not found in previous studies.

Innovative Design of Marketing Ecosystems

This study is devoted to the issues of ecosystems and the ecosystem approach. The formation and use of marketing ecosystems can simplify both the processes of transformation of technological patterns and the interaction of different types of business models of enterprises. A separate focus is on marketing ecosystems as one of the important innovations of Industry 5.0. The transition from Industry 4.0 to Industry 5.0 is accompanied by the creation of the necessary software and algorithmic base of quantum computing, introduction of technologies for visualisation of management decisions, development of neuromorphic models of enterprise architecture, digital twins of business processes.The purpose of the study is to develop approaches to designing a marketing ecosystem within the framework of Industry 5.0 and Industry 4.0, which is necessary for building effective interactions between innovative enterprises of different business spheres. The article considers the stages of innovative design of new marketing ecosystems, the result of which is the end-to-end integration of information resources of their member enterprises, which is necessary for the consolidation and synchronisation of structured and unstructured data on different business models of companies and the organisation of predictive analytics mechanisms. In the course of the work, the method of scientific analysis of literature on the research problem was applied, and the empirical experience of the authors of the article was used. The results of the study will be useful to all managers of innovative companies as well as the heads and employees of marketing departments of these companies.

The Norwegian Cooperation Model as a Framework for Innovation in an Industrial Company

The Norwegian Cooperation Model as a Framework for Innovation in an Industrial Company

Digital knowledge management effect on enterprise technological innovation: an empirical study from China’s manufacturing industry

ABSTRACT With digital technology permeating across the layers of businesses, digital knowledge management has emerged, transforming the means through which companies acquire, integrate, share, and innovatively apply knowledge. However, the specific impact of digital knowledge management on corporate technological innovation remains unclear. Based on dynamic capabilities theory, this study delves into how digital knowledge management influences corporate technological innovation. Analyzing data from manufacturing companies listed on the Shanghai and Shenzhen stock exchanges from 2007 to 2021, this study confirms that digital knowledge management significantly and positively affects corporate technological innovation by enhancing a company's absorptive capacity, adaptability, and innovation ability. Based on the findings, this study suggests that companies should leverage digital knowledge management to acquire and integrate external innovative resources, seek cooperation opportunities with external stakeholders, and jointly build a mutually beneficial innovation knowledge network, thereby boosting technological innovation capabilities. Additionally, companies should encourage employees to learn digital technologies and create a culture conducive to learning and innovation.

Integrated Strategic Analytical Framework for Analysing and Improving A Bank’s Market Performance during Periods of Disruptive Competition

As the Caribbean financial market becomes increasingly competitive as a result of the increasingly more innovative fintech companies and other revolutionary traditional banks’ activities, a critical analysis of the internal and external variables and changes that can undermine a bank’s effective market performance is essential for discerning the improvement strategies that must be adopted. However, the challenge has often arisen from lack of the accurate approach for accomplishing such internal and external analysis. To fill such a gap, this study uses integrative review as one of the techniques of qualitative-content analysis to evaluate different banking performance improvement strategies and strategic management theories. Through such analysis, the study aimed to discern the integrated strategic analytical framework that can be extracted and suggested to the banking executives for analysing and improving a bank’s market performance during periods of disruptive competition. To improve a bank’s effective market performance during periods of enormous disruptions, social construction and re-construction of the merging findings imply that the accurate analysis and response to the unfolding changes in the external trends will require the banking executives to use the three frameworks’ strategic analysis to inform the competitive course of directions that the bank can undertake. The Three-Frameworks’ Strategic Analysis will require the banking executives to evaluate the stage of its industry growth stages in conjunction with the use of Porter’s “Five Forces of Industry Analysis” and Porter’s “Four Corners of Competitors’ Analysis”. Following the accurate understanding of the industry and market dynamics, findings suggest the bank executives can then craft and apply the strategies for leveraging their competitiveness whilst also countering disrupters. Such strategies would require increasing the investment in R&D to introduce novel digital banking technologies as well as the introduction of novel digital financial products/services that respond or even exceed the unfolding customer expectations. Other critical strategies would require the assimilation or nurturing and integrating the most disruptive fintech companies as part of the essential business partners. Once these strategies are being executed, it is essential the banking executives must also analyse the impacts of such strategies on the improvement of a bank’s liquidity and profitability. Basing on such insights, the study enriches the existing theories by offering the Integrated Strategic Analytical Framework that the contemporary banking executives can adopt for analysing and improving a bank’s market performance during periods of disruptive competition. However, future research can still explore how improving employees’ creativity bolsters a bank’s innovativeness to catalyse its effective market performance during periods of disruptive competition.

The ABCs of Creating an Innovative Company

The ABCs of Creating an Innovative Company

Substantial innovation or strategic innovation? The impact of government venture capital guidance funds on corporate innovation

AbstractBased on a dual‐differential model of the number of patent applications issued by A‐share enterprises from 2014 to 2019, this article analyzes impact of Venture Capital (VC) guided by government on company's innovation and their internal mechanisms. The results show that the number of patent applications increases after enterprises are invested directly or indirectly by the government guiding fund, indicating that this kind of VC has a positive guidance on enterprise innovation. However, after further studying by subdividing patent types, it is found that enterprises pay less attention to invention patents, which hold higher technical requirements, and focus on “quantity” rather than “quality” in patent applications. This result also reflects that the investment of VC guided by government promotes the overall enterprise innovation, but the positive effect on the innovation quality is not significant. Our article not only affirms the positive influence of VC guided by government on enterprise innovation, but also puts forward some suggestions on the management of government guiding fund.

Institutional investor heterogeneity and green innovation in China: Does digital transformation matter?

This paper examines how different categories of institutional investors influence green innovation for Chinese-listed companies and investigates the impact of digital transformation on this relationship. Results show that pressure-insensitive investors significantly improve corporate green innovation, while pressure-sensitive institutions have no effect. Further evidence suggests this is due to the negative impact of long-term pressure-sensitive investors on green innovation. We further analyze whether digital transformation affects the relationship between institutional ownership heterogeneity and green innovation. Consistent with the view that digital transformation promotes timely information dissemination and alleviates information asymmetry, our findings demonstrate that both pressure-insensitive institutional investors and short-term pressure-sensitive institutional investors promote green innovation in firms with higher levels of digital transformation. Further analyses reveal that digital transformation at the city level amplifies the influence of institutional investors on green innovation, and the underlying technology architecture provides more value to the institutional ownership heterogeneity−green innovation nexus.

Effect of senior executives' overseas experience on corporate green innovation.

Against the background of increasingly severe environmental problems, green development has gained widespread attention, and green innovation has thus become crucial for enterprises. This study used 2007-2019 data from listed A-share companies in China to evaluate the effect of senior executives' overseas experience on corporate green innovation. The results showed that senior executives' overseas experience could promote green innovation in companies. This positive effect was more significant for private enterprises and high-tech enterprises, especially in eastern China. The CEO pay regulation have a significant negative moderating effect on this positive effect. This study enriches upper echelons theory and provides theoretical support for government agencies to accelerate innovative green development strategies. The results can also provide a decision-making basis for governments to formulate policies to promote enterprises' green development.

Enhancing Green Process Innovation Performance: The Role of Regenerative Unlearning and Knowledge Base Management

Spanish manufacturing companies are urged to adopt greener practices to mitigate their environmental footprint. However, they often lack the knowledge to do so. Following a knowledge-based approach, this study analyzes the role of strategic knowledge management in enhancing organizational green performance. It introduces the concept of regenerative unlearning, defining it as the result of an organizational change that has consequences at the organizational level. Specifically, it tests the direct influence of regenerative unlearning on green process innovation performance and its indirect influence through knowledge breadth and depth. By analyzing 310 Spanish medium-sized manufacturing companies, results show that updating and managing the knowledge base positively impacts the company's green process innovation performance. This implies that leveraging regenerative unlearning as part of companies’ knowledge management strategy is part of the solution to achieving ecological efficiency in the manufacturing industry. Finally, actionable recommendations for industry leaders to improve their green performance are provided.

Closing the data gap – Automated seafloor health maps to accelerate nature-based solutions

This article delves into the pivotal role of the oceans, specifically the seafloor, in addressing climate change and food security. Despite its significance, a lack of detailed data on the seafloor hampers informed decision-making by policymakers, impedes sustainable blue economy investments, and hinders the development of blue carbon and biodiversity credit markets. PlanBlue, an innovative technology company, has devised a groundbreaking solution using advanced imaging, underwater navigation, and machine learning to automate seafloor mapping. This article explores the importance of seafloor data, the barriers to access data, and how PlanBlue's technology can improve our understanding of the ocean's potential. The discussion encompasses the significant role of the seafloor as a carbon sink, the necessity for credible data in ocean conservation, and the crucial link between seafloor mapping and effective marine spatial planning. PlanBlue's innovative approach not only adds speed and scale to data collection but also provides multi-layered insights into species health, biomass, and more, contributing to the credibility of marine conservation efforts. The article concludes with a scientific review highlighting the accuracy and meaningfulness of PlanBlue's methodology, validating its transformative impact on the blue carbon industry and seafloor habitat monitoring.