A global study of innovation-oriented firms: Dimensions, practices, and performance

Grant Alexander Wilson, Tyler Case and C. Brooke Dobni

Technological Forecasting and Social Change, 2023, vol. 187, issue C

Abstract: Innovation orientation research has accumulated, with most studies examining its relationship with performance in select countries or regions. The research stream is evolving to include the exploration of the practices of companies with high innovation orientations but remains limited. This study explores the innovation orientation and performance relationship, the practices of companies with high innovation orientations, and the differences in innovation orientation scores of companies across the world. Based on insight from 1265 companies in nine countries, this research confirms the innovation orientation and performance relationship in a global context, identifies crowdsourcing, open innovation, design thinking, stage-gate systems, scientific discovery, big data analytics, measuring innovation, and innovation management software as common practices of high innovators, and shows that companies' innovation orientation dimensions and overall scores differ based on country. It offers an extensive and global perspective to the research and provides managerial considerations for executives seeking to enhance firm-level innovativeness, corporate performance, and economic prosperity.

Keywords: Innovation orientation; Innovation culture; Novel methodologies and technologies; Global study (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:187:y:2023:i:c:s0040162522007788

DOI: 10.1016/j.techfore.2022.122257

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