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Mapping Technological Innovation: Methodology And Implementation

Author

Listed:
  • Duha Sami Alsanad
  • Refaat Hassan Abdel-Razek

Abstract

Technological innovation is the underlying driving force of economic development, both in a nation's economy and in an organization's competiveness. The first objective of this paper is to map the innovation space available in the Saudi Arabian Basic Industries Corporation, one of the largest petrochemical companies in the Middle East. The second is to suggest modifications to an innovation mapping tool and apply the modified tool to the same company. First, data were collected over a three-year period. They were analyzed and mapped using the 4Ps innovation mapping model. Second, modifications were suggested to eliminate the weaknesses associated with this model. The results showed that the company introduced a total of forty four innovations that were all incremental; the majority fell in the product and process. The implementation process of the 4Ps model showed that it has deficiencies in some cases, due to not having clear dividing lines between pure and combined innovations. It does not allow for mapping innovations that combine product-with-process or position-with-paradigm innovations; furthermore, radical and incremental innovations cannot always be clearly positioned. A modified model was developed that overcomes these weaknesses. A modified model was developed and successfully implemented to map the innovation space in the same company.

Suggested Citation

  • Duha Sami Alsanad & Refaat Hassan Abdel-Razek, 2016. "Mapping Technological Innovation: Methodology And Implementation," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 7(1), pages 59-67.
    • Handle: RePEc:ibf:rbfstu:v:7:y:2016:i:1:p:59-67
    as

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    References listed on IDEAS

    as
    1. Mohamed A. Ramady, 2010. "The Saudi Arabian Economy," Springer Books, Springer, edition 2, number 978-1-4419-5987-4, January.
    2. Patrice Flichy, 2007. "Understanding Technological Innovation," Books, Edward Elgar Publishing, number 12803, August.
    3. Nour, Samia Satti O. M., 2005. "Science and Technology Development Indicators in the Arab Region: A Comparative Study of Gulf and Mediterranean Arab Countries," UNU-INTECH Discussion Paper Series 2005-03, United Nations University - INTECH.
    4. Dosi, Giovanni, 1993. "Technological paradigms and technological trajectories : A suggested interpretation of the determinants and directions of technical change," Research Policy, Elsevier, vol. 22(2), pages 102-103, April.
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    Keywords

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    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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