Number Of Product Innovations Research Articles

Knowledge-driven networking and ambidextrous innovation equilibrium in power systems transition

PurposeThe ongoing paradigm shift in the energy sector holds paramount implications for the realization of the sustainable development goals, encompassing critical domains such as resource optimization, environmental stewardship and workforce opportunities. Concurrently, this transformative trajectory within the power sector possesses a dual-edged nature; it may ameliorate certain challenges while accentuating others. In light of the burgeoning research stream on open innovation, this study aims to examine the intricate dynamics of knowledge-based industry-university-research networking, with an overarching objective to elucidate and calibrate the equilibrium of ambidextrous innovation within power systems.Design/methodology/approachThe authors scrutinize the role of different innovation organizations in three innovation models: ambidextrous, exploitative and exploratory, and use a multiobjective decision analysis method-entropy weight TOPSIS. The research was conducted within the sphere of the power industry, and the authors mined data from the widely used PatSnap database.FindingsResults show that the breadth of knowledge search and the strength of an organization’s direct relationships are crucial for ambidextrous innovation, with research institutions having the highest impact. In contrast, for exploitative innovation, depth of knowledge search, the number of R&D patents and the number of innovative products are paramount, with universities playing the most significant role. For exploratory innovation, the depth of knowledge search and the quality of two-mode network relations are vital, with research institutions yielding the best effect. Regional analysis reveals Beijing as the primary hub for ambidextrous and exploratory innovation organizations, while Jiangsu leads for exploitative innovation.Practical implicationsThe study offers valuable implications to cope with the dynamic state of ambidextrous innovation performance of the entire power system. In light of the findings, the dynamic state of ambidextrous innovation performance within the power system can be adeptly managed. By emphasizing a balance between exploratory and exploitative strategies, stakeholders are better positioned to respond to evolving challenges and opportunities. Thus, the study offers pivotal guidance to ensure sustained adaptability and growth in the power sector’s innovation landscape.Originality/valueThe primary originality is to extend and refine the theoretical understanding of ambidextrous innovation within power systems. By integrating several theoretical frameworks, including social network theory, knowledge-based theory and resource-based theory, the authors enrich the theoretical landscape of power system ambidextrous innovation. Also, this inclusive examination of two-mode network structures, including the interplay between knowledge and cooperation networks, unveils the intricate interdependencies between these networks and the ambidextrous innovation of power systems. This approach significantly widens the theoretical parameters of innovation network research.

Willingness to Pay Rumah Tangga di Kota Padang terhadap Produk Ramah Lingkungan

The growing number of people moving up to the consumptive class and the urbanization of rural communities to cities also increase the demand for products with plastic packaging which. The problem of plastic waste has become the government's priority in realizing the goal of sustainable development through circular economic practices. Encouraging the creation of environmentally friendly products in the industry has been done but the number of product innovations is still low. Another obstacle is that product sales are strongly linked to the general welfare of individuals and society. Therefore, exploring consumer desires towards environmentally friendly products becomes important because this new knowledge can be used by governments and manufacturers to promote environmentally friendly products in the long run consumption. This study attempts to investigate the WTP of households in Padang City against environmentally friendly products and found factors that affect the WTP value. Using the contingent valuation method (CVM), the findings showed that willingness to pay (WTP) for eco-friendly products was significantly associated with gender, education, household income and price of alternative products. The results also showed that the average household is willing to pay about Rp 34,472.- for one product. These micro-level investigations can be a useful framework in organizing information and strategies on how households value eco-friendly products.

Towards a framework for growing small businesses in Africa

Purpose: This article presents a critical measure that both African governments and financial institutions can use to gauge whether a small business is likely to contribute meaningfully to economic growth.Design/methodology/approach: The research was approached by the fact that only more recently has human capital emerged as a key factor for economic growth. Empirical research from developed countries and analysing of human capital in terms of labour growth income were done. In a similar setting, the innovation potential of an African business is heuristically argued to be directly dependent on human capital.Findings/Results: Human capital aspect is found to be a vital part of a framework for growing small businesses in developed countries. The research showed that human capital in terms of labour growth expectations is essential to fully explain the linear market portfolio returns. Human capital may induce an increase in the number of innovative products, thus indirectly spurring economic growth through the channel of innovation.Practical implications: Institutions could look to incorporate human capital as a critical factor toward a framework for growing small businesses. However, human capital is but only one key aspect discussed in a framework for growing small businesses in Africa.Originality/value: There is a benefit to the government and financial institutions to include the human capital aspect in a small business funding framework. It will enable the funders to choose small businesses that can better contribute to the market returns and have a higher likelihood of releasing innovative products.

СРАВНИТЕЛЬНЫЙ АНАЛИЗ СТРУКТУРЫ ЗАНЯТОСТИ ТРУДОСПОСОБНОГО НАСЕЛЕНИЯ В СООТВЕТСТВИИ С ТРЕБОВАНИЯМИ УСТОЙЧИВОГО РАЗВИТИЯ НАЦИОНАЛЬНОЙ ЭКОНОМИКИ

The modern stage of the development of science and technology contributes to an in-depth comprehensive study of the labor market and employment of the population. The emergence and development of innovative forms of employment is due to the increased use of the labor potential of the country's population. State programs for the development of the national economy aim to achieve high indicators of the national economy. Indicators of the dynamics of the number of employed people in the country's economy, the level of employment of the population and the dynamics of the number of personnel engaged in scientific research and development by 1,000,000 levels of employment are being studied to analyze ways to achieve this goal. Mechanisms that contribute to the achievement of innovative forms of employment are considered. Shortcomings were formulated, and a fundamental principle was proposed, which formed the basis of the methodology for achieving innovative forms of employment. Accordingly, in order to achieve the goal of decent universal employment of the population, it is necessary to create a system of skills development from an early age for children and young people. Choosing an educational trajectory for further successful employment and implementation in the profession is necessary in childhood. The development of basic skills will enable young people to expand the range of related specialties that can be in demand on the market. Early professional orientation and self-determination, the development of innovative skills in children and young people can become a prerequisite for the formation of a generation of inventors and entrepreneurs. The formation of a system of professional competencies in various fields of activity contributes to the formation of a professional who has the ability to choose a profession based on the need for the labor market. The established system of innovative employment of the population will be able to ensure the social and economic balance of society. Increasing the realization of human potential, environmental, as well as economic security of the state, increasing the birth rate will strengthen the national economy. The development of innovative forms of employment will lead to an increase in the number of innovative products, which will increase the performance of the national economy.

Research on Knowledge Creation and Knowledge Diffusion Mechanism of Industry University Research Cooperation Model —Take the Tobacco Industry ASAN Example

Knowledge creation is an important basis of national innovation strategy, and industry university research cooperation is an important way of knowledge creation. Exploring the knowledge diffusion mechanism of different industry university research cooperation modes is conducive to knowledge creation. A good knowledge creation mechanism can improve the level of knowledge creation. Taking the tobacco industry as an example, this paper improves the knowledge creation level of the tobacco industry by establishing the knowledge creation mechanism of the tobacco industry, so as to solve the technical bottleneck of the tobacco industry and increase the number of innovative products in the tobacco industry. Through combing the research of scholars, it is found that the research on the promotion of knowledge creation by industry university research cooperation mode is relatively rich, but the research from the perspective of the relationship between knowledge diffusion mechanism and knowledge creation mechanism is slightly insufficient. In order to improve the knowledge creation level of industry university research cooperation, this paper obtains the knowledge creation mechanism of different industry university research cooperation modes by using SECI knowledge creation model. Innovatively put forward the "double helix" relationship between knowledge creation and knowledge diffusion in industry university research cooperation, that is, the knowledge diffusion mechanism in different industry university research cooperation modes will affect the level of knowledge creation, which provides a theoretical basis for the main subject of industry university research cooperation to find a way to improve the level of industry university research cooperation.

Cost-Effectiveness Analysis of Spending on Research and Development to Address the Needs for Innovative Therapeutic Products in Indonesia.

BackgroundThe annual gross domestic expenditure on research and development (GERD) per capita of Indonesia ($24) remains relatively lower than the annual GERD per capita of neighboring countries, such as Vietnam ($36), Singapore ($1804), Malaysia ($361), and Thailand ($111).ObjectiveThe aim of this study was to conduct a cost-effectiveness analysis of spending on healthcare R&D to address the needs of developing innovative therapeutic products in Indonesia.MethodsA decision tree model was developed by taking into account four stages of R&D: stage 1 from raw concept to feasibility, stage 2 from feasibility to development, stage 3 from development to early commercialization, and stage 4 from early to full commercialization. Considering a 3-year time horizon, a stage-dependent success rate was applied and analyses were conducted from a business perspective. Two scenarios were compared by assuming the government of Indonesia would increase GERD in health and medical sciences up to 2- and 3-times higher than the baseline (current situation) for the first and second scenario, respectively. Cost per number of innovative products in health and medical sciences was considered as the incremental cost-effectiveness ratio (ICER). Univariate sensitivity analysis was conducted to investigate the effects of different input parameters on the ICER.ResultsThere was a statistically significant association (P-value<0.05) between countries’ GERD in medical and health sciences with the number of innovative products. We estimated the ICER would be $8.50 million and $2.04 million per innovative product for the first and second scenario, respectively. The sensitivity analysis showed that the success rates in all stages and total GERD were the most influential parameters impacting the ICER.ConclusionThe result showed that there was an association between GERD in medical and health sciences with the number of innovative products. In addition, the second scenario would be more cost-effective than the first scenario.

The Relative Effects of Business-to-Business (vs. Business-to-Consumer) Service Innovations on Firm Value and Firm Risk: An Empirical Analysis

Many firms introduce both business-to-business service innovations (B2B-SIs) and business-to-consumer service innovations (B2C-SIs) and need to better allocate their resources. However, they are unsure about B2B-SIs’ effects on firm value or risk, especially relative to those of B2C-SIs. The authors address this problem by developing hypotheses that relate the number of B2B-SIs and B2C-SIs to firm value and firm risk together with the moderators (the number of product innovations and customer-focus innovations). To test the hypotheses, the authors develop and estimate a model using unique panel data of 2,263 SIs across 15 industries over eight years assembled from multiple data sources and controlling for firm- and market-specific factors, heterogeneity, and endogeneity. They analyze innovation announcements using natural language processing. The results show that B2B-SIs have a positive effect on firm value and an insignificant influence on firm risk. Importantly, the effect of a B2B-SI on firm value is significantly greater than that of a B2C-SI. Unlike B2C-SIs, the effect of B2B-SIs on firm value is greater when the firm has more product innovations. Surprisingly, unlike B2C-SIs, the effect of B2B-SIs on firm value is less positive when the SIs emphasize customers. These findings offer important insights about the relative value of B2B-SIs.

Company Value Creation through Effective Innovation Process Management

Company value creation is considered a significant metric to measure corporate success. One possible method is the launch of innovative products that potentially attract new customers and capture a reasonable market share. This discussion highlights examples wherein heightening innovation activities through incremental increases in Research and Development spending, the number of innovative products in the sales funnel, as well as those innovative products in the marketplace impact company value. Yet, another company value driver, worthy of consideration, is the effective management of innovation processes. The Stage Gate Control Process embodies a recognized framework for effective innovation process management. Central to this manuscript is the case of PharmaComm, a pharmaceutical company that developed a customized version of the Stage Gate Control Process. By this way PharmaComm accelerated new products development and shortened time to launch. In adapting this methodology, it multiplied company value during the acquisition process.

The Impact of Emerging Market Competition on Innovation and Business Strategy

How do firms in high-income countries adjust to emerging market competition? We estimate how a representative panel of Canadian firms adjusts innovation activities, business strategies, and exit in response to large increases in Chinese imports. Whether firms invest in process or product innovation matters: on average, the number of process innovations declines more strongly than the number of product innovations. In addition, firms that initially pursue process innovation strategies and survive have higher profits ex-post, but are ex-ante more likely to exit. In contrast, firms that initially pursue product innovation strategies have higher profits if they survive, without significant impact on exit. Both empirical patterns are consistent with our theory, which suggests that innovation strategies do not ensure insulation against competitive shocks, but instead increase risk.

Opportunities for product innovation using authorised European Union health claims

SummaryFor authorisation of a health claim in Europe, applicants must follow the procedures in the legislation and in the guidelines for submission of a dossier, as well as the guidance in the European Food Safety Authority's opinions on the scientific requirements for health claims. In addition to the authorised functional benefits of the vitamins and minerals, certain foods and food constituents offer beneficial physiological effects that extend beyond traditionally accepted nutritional effects. The elucidation of these effects is becoming more important, as reflected by the increasing amount of nutrition research and number of product innovations. Provided that they are scientifically substantiated, health claims linked to food and food supplement products can help consumers make well‐informed food choices. The present review focuses on scientific substantiation and consumer understanding of health claims, and it aims to help those involved in academic research, food product development and consumer education about food and health.

Agglomeration in an innovative and differentiated industry with heterogeneous knowledge spillovers

This paper introduces an agent-based simulation model to study the technological development, the economic performance of firms and the evolution of agglomerations in a differentiated industry. The analysis is based on the interaction and behavior of firms, which might share knowledge but at the same time are competitors on the goods markets. Firms do not only compete with quantities they can also introduce process and product innovations. The level of knowledge of a firm describes the capabilities to perform innovations. Knowledge can be accumulated by investing in R&D and by knowledge spillover, which depend on geographical and technological proximity. Simulation runs show that there is an incentive to agglomerate in young industries and that geographical proximity enhances innovation, especially the number of product innovations.

A Really New Office Furniture System

Describes a number of innovative products exhibited at the annual Westweek Show at the Pacific Design Centre in Los Angeles. Gives details of an easily moved or reconfigured system for the suspended installation of storage units and work surfaces; several manufacturers′ offerings of height/tilt adjustable tables/work surfaces; and an overhead universal storage unit.