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A global study of innovation-oriented firms: Dimensions, practices, and performance

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  • Wilson, Grant Alexander
  • Case, Tyler
  • Dobni, C. Brooke

Abstract

Innovation orientation research has accumulated, with most studies examining its relationship with performance in select countries or regions. The research stream is evolving to include the exploration of the practices of companies with high innovation orientations but remains limited. This study explores the innovation orientation and performance relationship, the practices of companies with high innovation orientations, and the differences in innovation orientation scores of companies across the world. Based on insight from 1265 companies in nine countries, this research confirms the innovation orientation and performance relationship in a global context, identifies crowdsourcing, open innovation, design thinking, stage-gate systems, scientific discovery, big data analytics, measuring innovation, and innovation management software as common practices of high innovators, and shows that companies' innovation orientation dimensions and overall scores differ based on country. It offers an extensive and global perspective to the research and provides managerial considerations for executives seeking to enhance firm-level innovativeness, corporate performance, and economic prosperity.

Suggested Citation

  • Wilson, Grant Alexander & Case, Tyler & Dobni, C. Brooke, 2023. "A global study of innovation-oriented firms: Dimensions, practices, and performance," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    • Handle: RePEc:eee:tefoso:v:187:y:2023:i:c:s0040162522007788
    DOI: 10.1016/j.techfore.2022.122257
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