Beyond formal R&D: Taking advantage of other sources of innovation in low- and medium-technology industries
Abstract
This study deepens our knowledge of critical success factors in the innovation process of low- and medium-technology (LMT) industries. To accomplish this, it explores how the innovation process in LMT firms may depend on non-formal R&D activities and the use of external sources. The empirical analysis is based on a representative panel of Spanish manufacturing firms. The results strongly support the view that non-R&D activities such as design, the use of advanced machinery and training are crucial to understanding the innovation process of any firm. The study finds, however, that the impact of these activities is especially important in LMT industries, particularly for the achievement of product innovations. The empirical evidence also reveals the importance of external sources such as the use of consultants, the hiring of personnel, collaboration agreements and external R&D, with the greatest differences between LMT and high-technology (HT) firms being observed in process innovations.Download Info
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Bibliographic Info
Article provided by Elsevier in its journal Research Policy.
Volume (Year): 38 (2009)
Issue (Month): 3 (April)
Pages: 507-517
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Web page: http://www.elsevier.com/locate/respol
Related research
Keywords: Low- and medium-technology industries Technological activities External sources Innovation outputs Market characteristics;Other versions of this item:
- Santamaría, Lluís & Nieto, María Jesús & Barge, A., 2009. "Beyond formal R&D : taking advantage of other sources of innovation in low- and medium-technology industries," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/12681, Universidad Carlos III de Madrid.
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Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
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