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  • 1.
    Baffour Awuah, Gabriel
    et al.
    Halmstad University, School of Business, Engineering and Science, Centre for Innovation, Entrepreneurship and Learning Research (CIEL).
    Iddris, Faisal
    Halmstad University, School of Business, Engineering and Science, Centre for Innovation, Entrepreneurship and Learning Research (CIEL).
    Studying a Firm's Innovations as a Multi-Faceted (Interactive) Socio-Technical Process2015In: Review of Business Research, ISSN 1546-2609, E-ISSN 2378-9670, Vol. 15, no 3, p. 37-46Article in journal (Refereed)
    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.

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