An Empirical Examination of Innovation Management System and Financial Performance

Juho-Petteri Huhtala (), Iiro Vaniala and Henrikki Tikkanen
Additional contact information
Juho-Petteri Huhtala: Aalto University School of Business
Iiro Vaniala: Aalto University School of Business
Henrikki Tikkanen: Aalto University School of Business

A chapter in Strategic Innovative Marketing, 2019, pp 137-142 from Springer

Abstract: Abstract The aim of this paper is to examine the relationships between the components of organizational-level innovation management system, i.e. innovation orientation and innovation capability, and financial performance, i.e. profitability and growth. The novelty of this paper stems from the concomitant examination of the relationship between innovation orientation and innovation capability, i.e. the ‘willingness’ to innovate and the ‘ability’ to do so. As organizations develop innovations in open sociocultural systems, this paper also aims to uncover possible performance synergies in the strategic orientation layer (innovation orientation and market orientation) and in the capability layer (innovation capability and customer relationship management capability) of an organization. When empirically examining components of organizational-level innovation management system, it is found that innovation capability is the engine of innovation management system that translates the value of innovation orientation to financial performance outcomes. The results also shed light on possible synergistic effects between strategic orientations and organizational capabilities. Furthermore, empirical results suggest that innovation orientation and market orientation have positive complementary effects on innovation capability.

Keywords: Innovation management system; Innovation orientation; Innovation capability; Financial performance (search for similar items in EconPapers)
Date: 2019
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:spr:prbchp:978-3-030-16099-9_18

Ordering information: This item can be ordered from
http://www.springer.com/9783030160999

DOI: 10.1007/978-3-030-16099-9_18

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().