IDEAS home Printed from
   My bibliography  Save this article

Profiles of Product Innovators Among Large U.S. Manufacturers


  • Noel Capon

    (Graduate School of Business, Columbia University, New York, New York 10027)

  • John U. Farley

    (The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania 19104)

  • Donald R. Lehmann

    (Graduate School of Business, Columbia University, New York, New York 10027)

  • James M. Hulbert

    (Graduate School of Business, Columbia University, New York, New York 10027)


This paper identifies four groups among 113 Fortune 500 manufacturers that approach innovation quite differently. The groups are based on 27 measured elements of corporate environment, corporate strategy, and formal and informal organization. Both product innovation and financial performance differ significantly over the groups, and a group of 42 firms that invest heavily in innovation perform best financially. A smaller group of firms that are not innovative but which follow a strategy of acquisition perform nearly as well financially. Firms focusing research resources on process innovation perform poorly, although process research complements product research among the effective innovators. Particularly important for explaining both product innovation and financial performance of these firms are salient combinations of classic elements of good environment, good strategy and good organization---strong positions in growing markets, investment in research and development, open and creative organizational structures and supportive organizational climates.

Suggested Citation

  • Noel Capon & John U. Farley & Donald R. Lehmann & James M. Hulbert, 1992. "Profiles of Product Innovators Among Large U.S. Manufacturers," Management Science, INFORMS, vol. 38(2), pages 157-169, February.
  • Handle: RePEc:inm:ormnsc:v:38:y:1992:i:2:p:157-169

    Download full text from publisher

    File URL:
    Download Restriction: no


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:38:y:1992:i:2:p:157-169. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mirko Janc). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.