Firms’ Innovation Strategies Analyzed and Explained

Sam Tavassoli and Charlie Karlsson ()

No 396, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: This paper analyzes various innovation strategies of firms. Using five waves of the Community Innovation Survey in Sweden, we have traced the innovative behaviour of firms over a ten-year period, i.e. between 2002 and 2012. We distinguish between sixteen innovation strategies, which compose of Schumpeterian 4 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. 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 innovation strategies, while we gave special attention to the commonly used innovation strategies among firms.

Keywords: innovation strategy; product innovations; process innovations; market innovations; organizational innovations; innovation strategies; heterogeneity; firms; persistence; Community Innovation Survey; Sweden (search for similar items in EconPapers)
JEL-codes: D22 L20 O31 O32 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2015-02-02
New Economics Papers: this item is included in nep-com, nep-ent, nep-eur, nep-ino and nep-sbm
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Related works:
Journal Article: Innovation strategies of firms: What strategies and why? (2016)
Working Paper: Firms’ Innovation Strategies Analyzed and Explained (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:cesisp:0396

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