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Innovation strategies of firms: What strategies and why?

Author

Listed:
  • Charlie Karlsson

    (KTH
    Jönköping International Business School
    Blekinge Institute of Technology)

  • Sam Tavassoli

    () (Blekinge Institute of Technology
    Lund University)

Abstract

Abstract This paper analyzes various innovation strategies of firms. Using five waves of the Community Innovation Survey in Sweden, we have traced the innovative behavior of firms over a 10-year period, i.e. between 2002 and 2012. We distinguish between sixteen innovation strategies, which compose of Schumpeterian four types of innovations (process, product, marketing, and organizational) plus various combinations of these four types. First, we find that firms are not homogenous in choosing innovation strategies, instead, they have a wide range of preferences when it comes to innovation strategy and some of the innovation strategies are “commonly” used among firms. Second, using Transition Probability Matrix, we found that firms also persist to have such a diverse innovation strategy preferences. Finally, using Multinomial Logit model, we explained the determinant of each and every innovation strategies, while we gave special attention to the commonly used innovation strategies among firms.

Suggested Citation

  • Charlie Karlsson & Sam Tavassoli, 2016. "Innovation strategies of firms: What strategies and why?," The Journal of Technology Transfer, Springer, vol. 41(6), pages 1483-1506, December.
  • Handle: RePEc:kap:jtecht:v:41:y:2016:i:6:d:10.1007_s10961-015-9453-4
    DOI: 10.1007/s10961-015-9453-4
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    References listed on IDEAS

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    Cited by:

    1. Sam Tavassoli & Lars Bengtsson & Charlie Karlsson, 2017. "Strategic entrepreneurship and knowledge spillovers: spatial and aspatial perspectives," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 233-249, March.
    2. repec:eee:jbrese:v:91:y:2018:i:c:p:233-247 is not listed on IDEAS
    3. repec:wsi:ijimxx:v:22:y:2018:i:07:n:s1363919618500615 is not listed on IDEAS
    4. Sam Tavassoli & Lars Bengtsson, 2018. "The Role Of Business Model Innovation For Product Innovation Performance," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(07), pages 1-28, October.
    5. repec:kap:jtecht:v:43:y:2018:i:5:d:10.1007_s10961-017-9561-4 is not listed on IDEAS

    More about this item

    Keywords

    Innovation strategy; Product innovations; Process innovations; Marketing innovations; Organizational innovations; Community Innovation Survey;

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • 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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