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Defining the Concept of Innovation and Firm Innovativeness: A Critical Analysis from Resorce-Based View Perspective

Author

Listed:
  • Nur Mohd Zawawi
  • Sazali Abd Wahab
  • Abdullah Al-Mamun
  • Abu Sofian Yaacob
  • Naresh Kumar AL Samy
  • Syed Ali Fazal

Abstract

The primary objective of this paper is to contribute to the existing literatures by comprehensively reviewing the definitions, concept, as well as the importance of innovative and innovativeness in the business world. This review covers various definitions of innovation and innovativeness, multi dimensions of innovation and how this innovation acts to generate a good firm performance and competitive advantage, relying strongly on the famous Resource-Based View theory. Since the term ‘innovation’ itself is quite difficult to interpret, observe or evaluate, as argued by many scholars, this review attempts to provide discussion and enhance understanding on these concepts especially in the firm’s context. This review could shed some dynamic ideas for future researchers to further identify, conceptualize and understand the underlying theories and perspectives which strongly influence the previous, current and future concept of innovation.

Suggested Citation

  • Nur Mohd Zawawi & Sazali Abd Wahab & Abdullah Al-Mamun & Abu Sofian Yaacob & Naresh Kumar AL Samy & Syed Ali Fazal, 2016. "Defining the Concept of Innovation and Firm Innovativeness: A Critical Analysis from Resorce-Based View Perspective," International Journal of Business and Management, Canadian Center of Science and Education, vol. 11(6), pages 1-87, May.
    • Handle: RePEc:ibn:ijbmjn:v:11:y:2016:i:6:p:87
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    References listed on IDEAS

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    1. David J. Teece, 2007. "Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance," Strategic Management Journal, Wiley Blackwell, vol. 28(13), pages 1319-1350, December.
    2. G. Tomas M. Hult & David J. Ketchen, 2001. "Does market orientation matter?: a test of the relationship between positional advantage and performance," Strategic Management Journal, Wiley Blackwell, vol. 22(9), pages 899-906, September.
    3. Margaret A. Peteraf & Jay B. Barney, 2003. "Unraveling the resource-based tangle," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 24(4), pages 309-323.
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    Cited by:

    1. Radka Ivanova, 2022. "Innovations and ISO Standards Management in the Organizations," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 11(2), pages 39-46, August.
    2. Achmad Fauzi & Martani Huseini & Amy Yayuk Sri Rahayu, 2022. "Designing Strategies to Improve the Competitiveness of Special Economic Zones," Technium Social Sciences Journal, Technium Science, vol. 31(1), pages 22-43, May.
    3. repec:thr:techub:10031:y:2022:i:1:p:22-43 is not listed on IDEAS

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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