Success Factors Of Innovation Research Articles

Institutional constraints of product innovation in China: Evidence from international joint ventures

Research interests in product innovation and relevant success factors in an international context are increasing in the past decades. With the data from over 400 international joint ventures in China's manufacturing sector, this study explores China's institutional factors that may significantly affect product innovations in international joint ventures. The results show that while total R&D investment can increase China's international joint ventures' global product sales brought by new product innovations, local professional services and infrastructure including local universities and research institutes in China can also facilitate product innovation and patent applications. In addition, local market for talents and technologies in China has negative impact on international joint ventures' efforts to sell products overseas. This paper concludes with the discussions of the implications for Chinese government and international joint ventures in China's market.

A Research on Determining Innovation Factors for SMEs

SMEs are the essential elements of the economy which is responsible for driving innovation and competition in many economic sectors. To be a competitor in such economies those SMEs should support strategic management decisions successfully. The problem could be in decision phase according to market conditions with many external and internal factors. To cope with ambiguity executives have to consider appropriate strategies. Due to this difficult and time consuming evaluation process, this paper is focusing on determining to find some case-based strategic innovation success factors. A decision making approach is adopted to effectively evaluate those strategic innovation factors.

Which factors determine the success of strategic niche developments?

Purpose – The study ' s purpose is to review and discuss limitations of “strategic niche management” (SNM) success factors in relation to the experiences of an enterprise network to improve niche development for integrated design concepts. Design/methodology/approach – The emergence of a successful passive house innovation network in the Flemish Region is described. The innovation journey of the network is related to success factors detected in SNM literature regarding market niche development. Findings – The study identifies additional success factors for systemic innovation, such as involving small- and medium-sized innovators and demonstration projects and using a dedicated regional enterprise network. Research limitations/implications – The qualitative analysis specifically reflected on SNM success factors such as envisioning, learning, and network composition and formation. The study confirms the importance of these success factors by means of one detailed innovation journey. It identifies additional success factors and discusses opportunities to improve the relation of SNM literature with other seminal fields. Practical implications – Government seed money is important in providing a breakthrough in enterprise network initiatives. A focus on architectural innovation instead of technology innovation is to be preferred for stimulating integrated design concepts. Originality/value – The paper addresses the relevance and limitations of SNM success factors during the formation of enterprise networks. The study shows how an integrated design approach was used to cluster innovation opportunities and to inspire innovation development and collaboration for know-how development between multiple players.

Identification of Critical Success Factors for Construction Innovation: From the Perspective of Strategic Cooperation

Nowadays, China is in the period of industrial- ization, modernization and urbanization. The investment to the infrastructure is increasing which requires the support from construction innovation. Construction innovation is project-based cooperative innovation. The innovation based cooperation not only focuses inside the boundary of proj- ect, but also emphasizes the long-term strategic cooperation among the participants of innovation network. Therefore, it is significant to explore the Critical Success Factors (CSFs) of construction innovation based on the viewpoint of strate- gic cooperation. This paper first presents the definition and characteristics of construction innovation. By tracking the international frontiers, the authors studied a great number of literatures on the influence elements of construction inno - vation. Combining the effort of literature review and expert interview, this present paper identified 20 CSFs for construc - tion innovation, which is verified and perfected by a case study in the end. The findings of this research will be of great importance for guiding the practice of construction innova- tion in China.

Towards an operational framework in forecasting breakthrough innovation: the case of the clean automobile

This paper deals with a framework of the process of innovation that is designed to help build up forecasting scenarios for breakthrough innovations in a mature industry. This framework is based on the previous research on innovation and on an up–to–date literature review of key success factors of innovation. It is applied to the various technological powertrain options faced by the automotive industry owing to the need of reducing fossil fuel consumption and CO2 emissions. It gives an appraisal of the various economic, technological, social and political factors that could heavily influence a particular technology, allowing a tentative scenario for the next 30 years.

The relationship between innovation success factors, innovation outcomes, and firm performance : The case of POSCO affiliates

The relationship between innovation success factors, innovation outcomes, and firm performance : The case of POSCO affiliates

Service Innovation in Public Sector : A Case Study on PT. Kereta Api Indonesia

Innovation is an important key for an organization to win the market competition, both in aspects of organization, culture, and business to produce an excellence service and product. Service innovation has been developed to respond quickly the demand of society that increasingly aware of the importance of quality service. PT. Kereta Api Indonesia (KAI) as one of the Indonesian state-owned companies engaged in public transportation made a breakthrough by launching a service product innovation, purchasing system of train tickets and new trains. This paper analyzes the types of service product innovation, success factors of innovation, and explore the barriers of innovation. This study used qualitative methods based on review of the innovation management literature and semi-structured interviews. The role of leadership has an important influence in shaping the behavior of the organization. These organizational learning concepts are used to gain a dynamic of service innovation, it suggests that the company should still perform improvement processes in developing service innovation to meet the challenges faced.

Key Success Factors for Organizational Innovation in the Fashion Industry

In the current phase of globalization, the fashion industry is an important sector where firm strategies are frequently oriented towards product personalization – more than product customization – with a reduced price. The fashion industry relates to the ability to provide customized products or services through flexible processes in high volume and at a reasonably low cost, which are currently key variables for the fashion supply chain. Performance concepts – which usually refer to three pillars, i.e., economic, environmental and social ones – are new paradigms in this industrial sector, namely “sustainable” mass customization. This paper proposes a multi-criteria methodological approach for evaluating the performance of the fashion industry based on the Balanced Scorecard (BSC) and the Analytic Network Process (ANP), called ‘MAB’ – Multi-criteria Assessment Balanced Scorecard. Firstly, key performance indicators (KPIs) are evaluated in order to assess the performance level of a typical fashion industry. The development of an index system and methods is aimed to form a set of useful tools for policy-makers to facilitate the transformation of an industrial development mode and support the performance of the fashion industry.

Towards Formalizing and Formulating the Successful Organizational Innovation Process

It has been rarely attempted to capture the holistic characteristics of successful organizational innovation in one model. The main objective of this paper is to develop a generic formal model which depicts the successful organizational innovation process. The developed model covers two aspects of innovation: the innovation process and the organizational innovative behavior. The innovation process is discussed in terms of its stages while the organizational innovativeness is analyzed through arranging the organizational factors which have positive contribution to innovation into categories. Furthermore, the organizational innovation process has been analyzed from the design point view. The Axiomatic Theory of Design Modeling ATDM has been used to formulate mathematically a conceptual design of the organizational innovation process. Finally, a survey study has been conducted in order to further examine the success factors of innovation and to validate the proposed conceptual model. Confirmatory Factor Analysis CFA has been used to evaluate our findings. The results confirm the positive contribution of the proposed success factors to the innovation process. Future research directions based on the developed conceptual design of the organizational innovation system have been suggested.

THE DEVELOPMENT OF COMPETITIVE ADVANTAGES OF LITHUANIAN BIOTECHNOLOGY COMPANIES VIA SUSTAINABLE INNOVATION STRATEGIES

The aim of the present article is to investigate the role of sustainable innovation strategies on competitive advantages of Lithuanian biotechnology companies. The entire Lithuanian biotechnology market is targeted via the conduction of semi-structured qualitative interviews, consecutively carried out in 2011 and 2012. The methodological solution to introduce the time perspective in the research elucidates the importance of the sustainability in innovation processes as there could be the progress and the continuity in the implementation of innovation strategies observed among sample companies. There is the increasing number of discussions about innovations and the performance of organizations. The success of an innovative activity depends on the complex of human and financial resources, organizational, managerial, technical and other factors. Though competitive advantages cover a vast spectrum of aspects, they all are inter-related and dependent on a great number of factors and measures. The innovation strategy could help to reach target results and to provide a synergy effect. Main reasons for the creation and deployment of innovations should also be the increasing competition, rapidly evolving technology and changing consumers’ expectations. Such factors as the human capital emerges as the key driver of high-tech industries because people involved in innovative activities are characterized by their competencies, motivation and willingness to act in different circumstances. It should not be forgotten the importance of the continuity of innovation processes and long-term strategic directions. The research question: are sustainable innovation strategies necessary for competitive advantages of Lithuanian biotechnology companies? firstly, there is the concept and classification of innovations presented; it is continued by the revelation of main features of innovation management and success factors of the commercialization of innovations. These chapters are followed by the identification of companies’ competitive advantages and the analysis of sustainable strategic human resource management. finally, there are main characteristics of the biotechnology sector underlined and the research (2011 and 2012) results on a sustainable development of competitive advantages via the innovation strategy presented.

Success Factors of Product Innovation: An Updated Meta‐Analysis

Assessing factors that predict new product success (NPS) holds critical importance for companies, as research shows that despite considerable new product investment, success rates are generally below 25%. Over the decades, meta‐analytical attempts have been made to summarize empirical findings on NPS factors. However, market environment changes such as increased global competition, as well as methodological advancements in meta‐analytical research, present a timely opportunity to augment their results. Hence, a key objective of this research is to provide an updated and extended meta‐analytic investigation of the factors affecting NPS.Using Henard and Szymanski's meta‐analysis as the most comprehensive recent summary of empirical findings, this study updates their findings by analyzing articles published from 1999 through 2011, the period following the original meta‐analysis. Based on 233 empirical studies (from 204 manuscripts) on NPS, with a total 2618 effect sizes, this study also takes advantage of more recent methodological developments by re‐calculating effects of the meta‐analysis employing a random effects model. The study's scope broadens by including overlooked but important additional variables, notably “country culture,” and discusses substantive differences between the updated meta‐analysis and its predecessor.Results reveal generally weaker effect sizes than those reported by Henard and Szymanski in 2001, and provide evolutionary evidence of decreased effects of common success factors over time. Moreover, culture emerges as an important moderating factor, weakening effect sizes for individualistic countries and strengthening effects for risk‐averse countries, highlighting the importance of further investigating culture's role in product innovation studies, and of tracking changes of success factors of product innovations. Finally, a sharp increase since 1999 in studies investigating product and process characteristics identifies a significant shift in research interest in new product development success factors.The finding that the importance of success factors generally declines over time calls for new theoretical approaches to better capture the nature of new product development (NPD) success factors. One might speculate that the potential to create competitive advantages through an understanding of NPD success factors is reduced as knowledge of these factors becomes more widespread among managers. Results also imply that managers attempting to improve success rates of NPDs need to consider national culture as this factor exhibits a strong moderating effect: Working in varied cultural contexts will result in differing antecedents of successful new product ventures.

Assessing India's lead market potential for cost‐effective innovations

PurposeThe purpose of the present study is to assess India's potential as a lead market for cost‐effective frugal innovations. This is of special interest since lead markets have traditionally existed in economically highly developed countries, whereas developing countries have faced negative country‐of‐origin effects. In the case of India a reversal of this trend may be observed, for some time. The paper aims to identify factors which are impacting India's emerging role as a fountainhead of frugal innovations. The research will have implications for locational decisions in setting up global innovation/ research and development (R&D) activities.Design/methodology/approachThe study crystallizes the inherent characteristics of frugal innovations, their development process and market success in the domestic and overseas markets by undertaking in‐depth analysis of four successful product innovations from India from multiple industries. The obtained results can be treated as critical success factors for frugal innovations. These factors are then incorporated in the “Lead market” model so that propositions about India's potential as a lead market can be formulated.FindingsWhereas frugal innovations were so far driven primarily by affordability for the consumer and economies of scale for the manufacturer, a shift towards value proposition was discovered. Intensifying competition and growing customer aspirations are changing the character of frugal innovations and the customer is looking for factors such as attractive designs. Better‐designed products, in turn, have positive impact on the lead market potential, creating a virtuous cycle. The study also discovered that frugal innovations are increasingly taking place in “open global innovation” networks and are no more a purely national or “Jugaad” affair.Practical implicationsLead markets are a critical consideration while setting up R&D/innovation labs. Our research gives multinational corporations (MNCs) a useful instrument to assess India's lead market potential for their respective field of business. Both domestic and foreign firms can employ the model also to identify interesting adopter markets for their respective products.Social implicationThe research confirms that frugal innovations can benefit end‐consumers and firms, simultaneously. It may encourage more firms to tap markets at the bottom of the economic pyramid. Intensifying competition would potentially bring even better products for the consumers.Originality/valueLead markets have been traditionally regarded to exist ‐ almost by default ‐ only in highly developed economies. Innovations emanating from developing countries, especially from their domestic firms, have been considered to be of inferior quality. This mindset caused country‐of‐origin barriers for non‐commodity, technology‐intensive exports from developing economies. This research demonstrates that lead markets can exist even in developing economies, frugal innovations can have high technological quality, and frugal innovations are increasingly created in “open global networks”.

An assessment framework for disruptive innovation

PurposeThis paper aims to present an assessment framework which captures the essential characteristics and holistic success factors for disruptive innovation based on the original theory of Christensen, a number of clarifications as reported in the literature and a study of known, successful cases in the literature.Design/methodology/approachThe framework was designed based on the improved understanding of disruptive innovation challenges and on the holistic consideration of innovation as a dynamic process. It consists of structured questions which could be used to guide detailed data collection and analysis needed to answer the key questions which constitute the assessment framework. They are grouped under market positioning, technology and other favourable drivers.FindingsA simple yet comprehensive assessment framework for disruptive innovation has been developed. Two of the known successful cases, namely the steel minimill of Nucor and the 3.5 inch disk drive of Conner/Seagate, were presented in more detail to illustrate the use of this systematic framework in assessing the success potential of these cases of disruptive innovations in either the low‐end or new markets. A third and fairly new example, that of the limited mobile phone system/product of UTStarcom, was then presented to illustrate a case where the framework revealed reasons for potential failure. A fourth example of Google's web‐based office applications then illustrated how the framework might be used to study the disruptive potential of a new product.Originality/valueThis paper enables a more accurate and systematic assessment of disruptive innovation. The framework also has the potential to be further developed into a systematic tool for answering the question of whether the disruptive innovation theory could indeed be used to provide ex ante prediction of the success of a new disruptive innovation.

Industry clockspeed's impact on business innovation success factors

PurposeThe literature prescribing important determinants of innovation success is grouped into four main areas encompassing strategic leadership, competitive intelligence, management of technology, and specific characteristics of the company's innovation process. Further, industry clockspeed has been considered to be a possible moderator for these determinants of innovation success. While these major areas of study may indeed be important to enhance company innovation and competitiveness, the existing literature on each area is not being shared by researchers in the other areas. That has led until now to the study of models relatively narrow in scope and primarily focused on the particular research area. This study aims to test these constructs as a set of determinants of innovation success and the possible moderating effect of industry clockspeed.Design/methodology/approachA field test using a mailed questionnaire to collect a relatively large sample has been used to test the proposed model. To eliminate possible multicollinearity among the independent variables, a multivariate regression analysis was used.FindingsThe results provide clear evidence about the importance of industry clockspeed as a moderator of the relationships between strategic leadership, competitive intelligence, management of technology, and specific characteristics of the company's innovation process with company success in business innovation. Also, the company's change process as defined here is equally important to low and high clockspeed industries for successfully implementing business innovations.Research limitation/implicationsDespite the relatively broad scope of the proposed model, other factors may also be important and should be included in future studies.Practical implicationsThe items used for measuring the main constructs provide further and more specific insights into how managers should go about developing these areas within their organizations.Originality/valueWhile the study is grounded in the literature of what until now have been four separate areas of knowledge, it proposed an integrated model for these areas important to business innovation, and empirically tested the model.

Competitiveness Enrichment of IT Venture Business through the Industry-University Cooperation in Gyeongnam

It is important that SMEs build business ecosystems on the open innovation for sustainable innovation. And, many Korea companies have tried to adopt new ideas from external collaborators and transfer their technologies to others based un the open innovation. But SMEs hard to progress it than middle & large companies. So, our research purpose is to find success factors of open innovation in regional SMEs.

Regions and innovation: a discussion of concepts illustrated with the German bioregional picture

Clusters and systems of innovation have, for decades, been considered as key success factors for innovation as well as key drivers of economic growth. Recently, policy strategies relying on cluster theory and the underlying concepts have been increasingly criticised. The aim of this paper is to discuss existing definitions and concepts like clusters, national systems of innovation, and regional systems of innovation. We corroborate our arguments with findings from the German biotechnology sector. Overall, we come to the conclusion that the existing concepts still have merit. However, further clarification of the concepts and more complex multilevel approaches are needed to examine innovation processes within regions.

Investigation of the Success Factors for Management Innovation of Korean Independent Business: Impacts of Structural Characteristics on Management Commitment and Performance

Investigation of the Success Factors for Management Innovation of Korean Independent Business: Impacts of Structural Characteristics on Management Commitment and Performance

Collaborative innovation throughout the extended enterprise

PurposeTo innovate, many high performing firms are collaborating beyond their organizations – with their extended networks of suppliers, customers, business partners and others. Such collaboration, however, is not easily accomplished. IBM Consulting offers a framework for managing these alliances – its ABCs of collaborative innovation – that can improve the chances of success. This paper aims to explore this framework.Design/methodology/approachIBM Consulting has recently completed a major study of innovation success and problems as perceived by top management. For example, they found that the strongest collaborators in a recent IBM study were also the strongest financial performers. This paper studies these firm's success factors.FindingsTo paper finds that to avoid the pitfalls of collaborative innovation, IBM Consulting's research and experience has determined that the key guiding principles are: alignment, boundaries and commitment, which they call the ABCs.Practical implicationsAlignment entails synchronizing the strategic vision and innovation goals with the implementation of these throughout the organization, focusing on collaboration both vertically and horizontally. Managing boundaries enables collaboration across organizations, establishing structures and processes regarding governance, operations and technology. Finally, an ongoing commitment is required to orchestrate and systematize collaboration for innovation throughout the organization and its extended enterprise over time.Originality/valueThe paper offers a useful top‐level review of the success factors for collaborative innovation.

Success factors for eco-innovations and other innovations

The purpose of this study is to identify the factors which can contribute to the explanation of why eco-innovations have a poorer market development than other innovations. We based our study on 285 innovations that moved on to the finals in three Swedish innovation contests: the Environmental Technology Competition (ETC), the Venture Cup (VC) and the Innovation Cup (IC). We analysed four groups of factors related respectively to (1) the innovator, (2) the innovation, (3) the development process and (4) certain aspects of the surroundings with importance to development. One conclusion is that there are many factors in which eco-innovations differ from other innovations. The eco-group is older, mainly male, with lower technical or other education; they are more innovative and their network has a stronger connection to family. Eco-innovations are less geared towards industrial customers and currently have no major competition, according to the innovators. The development process for these innovations is different from that of other innovations; the time that has been invested in the process is much shorter and the access to risk capital and contacts with business angels are rare. The eco-innovators view the general surroundings more positively than others.

Analysis of Management Innovation's Success Factors of SMEs in Busan and Kyoto

Analysis of Management Innovation's Success Factors of SMEs in Busan and Kyoto