Firm decision-making process about innovation

Linda Ponta (), Gloria Puliga (), Raffaella Manzini () and Silvano Cincotti ()
Additional contact information
Linda Ponta: University of Genoa
Gloria Puliga: LIUC - Cattaneo University
Raffaella Manzini: LIUC - Cattaneo University
Silvano Cincotti: University of Genoa

DECISION: Official Journal of the Indian Institute of Management Calcutta, 2025, vol. 52, issue 3, No 3, 267-283

Abstract: Abstract In a dynamic world, full of opportunity, the development of tools able to support companies in the decision-making process plays a crucial role. In this paper, a new decision support system is presented. The tool developed is an agent-based simulator, which helps managers and decision maker in formulating choices to improve firms’ performance in terms of innovation. Both economic and innovation performance are considered. The economic performance is evaluated using firms’ profit, whereas the innovation performance is evaluated using the Innovation Patent Index (IPI) based on patent data. In particular, the paper shows how the newly developed tool can be used by managers to investigate the impact of open and closed innovation on the economic and innovation performance of firms through the “what-if” analysis. The results show that the tool is a very timely, useful and friendly instrument to investigate open and closed innovation used to improve the economic and innovation performance of firms.

Keywords: Decision support system; Innovation; Performance; Simulation (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s40622-024-00418-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:decisn:v:52:y:2025:i:3:d:10.1007_s40622-024-00418-8

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/40622

DOI: 10.1007/s40622-024-00418-8

Access Statistics for this article

DECISION: Official Journal of the Indian Institute of Management Calcutta is currently edited by Rajesh Babu

More articles in DECISION: Official Journal of the Indian Institute of Management Calcutta from Springer, Indian Institute of Management Calcutta
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().