Does strategy formalization foster innovation? Evidence from a French sample of small to medium-sized enterprises
Marc Fréchet and
Hervé Goy ()
Additional contact information
Marc Fréchet: COACTIS - COACTIS - UJM - Université Jean Monnet [Saint-Étienne] - UL2 - Université Lumière - Lyon 2, TSM - Toulouse School of Management Research - UT1 - Université Toulouse 1 Capitole - CNRS - Centre National de la Recherche Scientifique - TSM - Toulouse School of Management - UT1 - Université Toulouse 1 Capitole
Hervé Goy: COACTIS - COACTIS - UJM - Université Jean Monnet [Saint-Étienne] - UL2 - Université Lumière - Lyon 2
Post-Print from HAL
Despite abundant research, the relationship between strategy formalization and innovation remains unclear. Some acknowledge a positive impact of strategy formalization on innovation while others consider it an impediment to novelty and creation. Going beyond the conflicting views over the influence of formalization, we combine open innovation and socio-material perspectives. This study aims to contribute to the debate by considering the possibility that formalization is a means of benefiting from openness with respect to innovation. Therefore, we predict that formalization might positively moderate the impact of openness on innovation. Relying on a unique sample of 555 SMEs, we investigate the effects of strategy formalization and openness—according to their various facets and interactions—on new product innovation. We find a positive influence of formalization (whether it is approached as a process or as a strategic tool) on product innovation. Our findings also support the idea that formalization increases the effectiveness of openness on innovation performance. Implications are discussed, and future research directions are outlined at the end.
Keywords: innovation; open innovation; strategy formalization; SMEs (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-ent, nep-ino and nep-sbm
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01623788
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Published in M@n@gement, AIMS (Association internationale de management stratégique), 2017, 20, pp.266 - 286
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01623788
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().