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Effects of Innovation on Competitiveness and Performance: Empirical Evidence in the State of Guanajuato in Mexico

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  • Heira Georgina Valdez-Bocanegra
  • Gonzalo Maldonado-Guzmán
  • Ricardo Valdez-González

Abstract

The globalization of markets, the advancement of technology and innovation determine in a high percentage the speed at which companies must adapt to new challenges demanded by an increasingly competitive market, therefore competitiveness is becoming one of the key challenges on the corporate agenda. In this sense, innovation appears in the literature as the cornerstone for growth and is commonly manifested through technology, products and management processes. In fact, implementing innovation strategies is crucial for the firms to remain competitive. Therefore, the essential objective of this paper is to analyze the effects of innovation on competitiveness and performance of manufacturing companies with an emphasis in the automotive and auto parts industry, using for it a sample of 108 firms of the Guanajuato State in Mexico. The obtained results show that innovation has a positive influence on competitiveness and performance of the manufacturing companies in Guanajuato.

Suggested Citation

  • Heira Georgina Valdez-Bocanegra & Gonzalo Maldonado-Guzmán & Ricardo Valdez-González, 2020. "Effects of Innovation on Competitiveness and Performance: Empirical Evidence in the State of Guanajuato in Mexico," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 10(3), pages 1-4.
    • Handle: RePEc:spt:admaec:v:10:y:2020:i:3:f:10_3_4
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    References listed on IDEAS

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    1. Heira Georgina Valdez Bocanegra, 2024. "Supply Chain Management and Innovation Practices as Core Strategies for Business Competitiveness and Performance," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 14(4), pages 1-3.

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