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Structural capital, innovation capability, and company performance in technology-based colombian firms

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  • Aramburu, Nekane
  • Sáenz, Josune
  • Blanco, Carlos E.

Abstract

[EN] In today s economy, innovation is considered to be one of the main driving forces behind business competitiveness, if not the most relevant one. Traditionally, the study of innovation has been addressed from different perspectives. Recently, literature on knowledge management and intellectual capital has provided new insights. Considering this, the aim of this paper is to analyze the impact of different organizational conditions i.e. structural capital on innovation capability and innovation performance, from an intellectual capital (IC) perspective. As regards innovation capability, two dimensions are considered: new idea generation and innovation project management. The population subject to study is made up of technology-based Colombian firms. In order to gather information about the relevant variables involved in the research, a questionnaire was designed and addressed to the CEOs of the companies making up the target population. The sample analyzed is made up of 69 companies and is large enough to carry out a statistical study based on structural equation modelling (partial least squares approach) using PLS-Graph software (Chin and Frye, 2003). The results obtained show that structural capital explains to a great extent both the effectiveness of the new idea generation process and of innovation project management. However, the influence of each specific organizational component making up structural capital (organizational design, organizational culture, hiring and professional development policies, innovation strategy, technological capital, and external structure) varies. Moreover, successful innovation project management is the only innovation capability dimension that exerts a significant impact on company performance.

Suggested Citation

  • Aramburu, Nekane & Sáenz, Josune & Blanco, Carlos E., 2015. "Structural capital, innovation capability, and company performance in technology-based colombian firms," Cuadernos de Gestión, Universidad del País Vasco - Instituto de Economía Aplicada a la Empresa (IEAE).
    • Handle: RePEc:ehu:cuader:15473
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    Cited by:

    1. Alfaro-Ramos, Alfredo Elías & Ferreras-Méndez, José Luis, 2022. "Knowledge management and intellectual capital in the business model innovation of Costa Rican manufacturing firms," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 16(2), pages 18-33.
    2. Mahatma Kufepaksi & Gunawan -, 2018. "The Role of Intellectual Capital in Overcoming the Slowing Economic Growth in Indonesia," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(10), pages 1-97, October.
    3. Mila Galeitzke & Erik Steinhöfel & Ronald Orth & Holger Kohl, 2017. "Intellectual Capital-Driven Technology and Innovation Management," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 14(05), pages 1-26, October.

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