The Existence and Nature of Innovation in Mature Industry: Case Study — Finnish Forest Industry

Pekka Pesonen

Chapter 4 in Changes in Innovation, 2009, pp 49-68 from Palgrave Macmillan

Abstract: Abstract Innovation has been recognized as the core of renewal and the essential factor for competitiveness of companies, industries and, thus, of societies as well. Nevertheless, the focus and rate of renewal varies among companies as a result of diversity in drivers of innovation, that is the factors supporting or hindering innovation; competitive environment, firm’s resources, prevailing technology, firm’s competences and willingness to innovate, to name a few. Many of these factors are, at least to some extent, industry dependent, and in particular bound to the existing technological paradigm, which is often industry-specific. Therefore, the diversity of innovation activity of firms is reflected to industry level as well. Especially, focus of innovation activity and the rate of innovation have been found to vary across products and industries and, moreover, across the life cycle of industries (Gort and Klepper, 1982; Utterback and Abernathy, 1975). The rationalization behind this phenomenon is the basic idea that industries evolve after birth through different stages to maturity, and the factors affecting innovation evolve as well.

Keywords: Process Innovation; Wood Product; Product Innovation; Innovation Activity; Product Life Cycle (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-0-230-24862-5_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230248625

DOI: 10.1057/9780230248625_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().