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The Existence and Nature of Innovation in Mature Industry: Case Study — Finnish Forest Industry

In: Changes in Innovation

Author

Listed:
  • Pekka Pesonen

Abstract

Innovation has been recognized as the core of renewal and the essential factor for competitiveness of companies, industries and, thus, of societies as well. Nevertheless, the focus and rate of renewal varies among companies as a result of diversity in drivers of innovation, that is the factors supporting or hindering innovation; competitive environment, firm’s resources, prevailing technology, firm’s competences and willingness to innovate, to name a few. Many of these factors are, at least to some extent, industry dependent, and in particular bound to the existing technological paradigm, which is often industry-specific. Therefore, the diversity of innovation activity of firms is reflected to industry level as well. Especially, focus of innovation activity and the rate of innovation have been found to vary across products and industries and, moreover, across the life cycle of industries (Gort and Klepper, 1982; Utterback and Abernathy, 1975). The rationalization behind this phenomenon is the basic idea that industries evolve after birth through different stages to maturity, and the factors affecting innovation evolve as well.

Suggested Citation

  • Pekka Pesonen, 2009. "The Existence and Nature of Innovation in Mature Industry: Case Study — Finnish Forest Industry," Palgrave Macmillan Books, in: Jani Saarinen & Nina Rilla (ed.), Changes in Innovation, chapter 4, pages 49-68, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-24862-5_4
    DOI: 10.1057/9780230248625_4
    as

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