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Studying a Firm's Innovations as a Multi-Faceted (Interactive) Socio-Technical Process
Halmstad University, School of Business, Engineering and Science, Centre for Innovation, Entrepreneurship and Learning Research (CIEL).ORCID iD: 0000-0002-0554-9591
Halmstad University, School of Business, Engineering and Science, Centre for Innovation, Entrepreneurship and Learning Research (CIEL).
2015 (English)In: Review of Business Research, ISSN 1546-2609, E-ISSN 2378-9670, Vol. 15, no 3, 37-46 p.Article in journal (Refereed) Published
Abstract [en]

The purpose of this paper is to stimulate debate with regards to why firms will commit resources to innovate and the effects of the interactive nature of a firm’s innovation, as the firm engages in collaboration with several others to co-produce value. Methodologically, the study is a review of the existing literature on innovation, looking for an answer to the following. Why and how do a firm and some significant actors in its network engage in innovative activities to co-produce value? The study shows that, from a firm’s perspective, (1) a firm innovates in order to enhance its competitiveness and (2) a firm innovates because it enables it to achieve growth in an increasingly competitive environment.  A firm’s innovation should translate into value creation for some stakeholders. (3) Through innovations, a firm co-produces value, mostly, with others in its network. A firm’s internal capacity is complemented by external capacities of some actors in the firm’s network. © 2015 IABE. All Rights Reserved.

Place, publisher, year, edition, pages
Stockton, CA: International Academy of Business and Economics (IABE) , 2015. Vol. 15, no 3, 37-46 p.
Keyword [en]
Innovation, socio-technical processes, co-produce value, Competitiveness, network
National Category
Social Sciences
Identifiers
URN: urn:nbn:se:hh:diva-29645DOI: 10.18374/RBR-15-3.4OAI: oai:DiVA.org:hh-29645DiVA: diva2:861816
Available from: 2015-10-19 Created: 2015-10-19 Last updated: 2015-12-11Bibliographically approved

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Baffour Awuah, GabrielIddris, Faisal
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CiteExportLink to record
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Cite
Citation style
  • apa
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  • de-DE
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