Innovation in big firms and medium sized firms. Approaches, differences and examples

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Publisher : GRIN Verlag
ISBN 13 : 3346002411
Total Pages : 23 pages
Book Rating : 4.3/5 (46 download)

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Book Synopsis Innovation in big firms and medium sized firms. Approaches, differences and examples by : Maximilian Boddenberg

Download or read book Innovation in big firms and medium sized firms. Approaches, differences and examples written by Maximilian Boddenberg and published by GRIN Verlag. This book was released on 2019-08-22 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Document from the year 2018 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, Ingolstadt University of Applied Sciences, language: English, abstract: This seminar paper tries to find an appropriate attempt to explain the differences regarding innovation in big and medium sized firms and their approaches. The main thesis is that long-term growth in profits depends significantly on firms' investment in innovation activities. In theory, large companies with big research budgets and the resources to hire top scientists and the best skilled employees should have a remarkably huge advantage when it comes to innovation. In practice, however, smaller firms with comparatively tiny budgets often manage to out-innovate the bigger, established competitors. To understand the meaning of innovation, it is important to determine different innovative dimensions. Innovation is often stated as a "driver for success" or the "fuel" that powers our economy and leads it to prosperity, especially in Germany with its traditional organizations and their role in society. It is not only important for the economy, but they can also be a source of political and social ingredients. Innovations will play the key role for the challenges that face our global society in the 21th century. Global problems as the rise of population and mass urbanization, the global garbage problem, or climate change can only be solved by brave innovators. Those challenges can not only be seen as problems, but companies around the world can develop innovative products to accelerate their business success. The central question, regarding big firms is: How can so huge networks and highly branched systems manage the different kind of innovations? Is it really necessary for surviving? One of the problems that many large organizations face is how to innovate successfully within the confines of a massive, bureaucratic operational structure. Nowhere is this more apparent than in the area of research and development, where small, entrepreneurial firms routinely do end runs on large companies will multi-million dollar research budgets. It is really interesting to know how flexible and adaptive big firms can be in this situation of change and how medium firms challenge different kinds of disruptions and innovations.

Big Data Approach to Firm Level Innovation in Manufacturing

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Publisher : Springer Nature
ISBN 13 : 9811563004
Total Pages : 78 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis Big Data Approach to Firm Level Innovation in Manufacturing by : Seyed Mehrshad Parvin Hosseini

Download or read book Big Data Approach to Firm Level Innovation in Manufacturing written by Seyed Mehrshad Parvin Hosseini and published by Springer Nature. This book was released on 2020-08-03 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses utilizing Big Data and Machine Learning approaches in investigating five aspects of firm level innovation in manufacturing; (1) factors that determine the decision to innovate (2) the extent of innovation (3) characteristics of an innovating firm (4) types of innovation undertaken and (5) the factors that drive and enable different types of innovation. A conceptual model and a cost-benefit framework were developed to explain a firm’s decision to innovate. To empirically demonstrate these aspects, Big data and machine learning approaches were introduced in the form of a case study. The result of Big data analysis as an inferior method to analyse innovation data was also compared with the results of conventional statistical methods. The implications of the findings of the study for increasing the pace of innovation are also discussed.

Innovation and the Small and Medium Sized Firm

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Publisher : Springer
ISBN 13 :
Total Pages : 288 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Innovation and the Small and Medium Sized Firm by : Roy G. Rothwell

Download or read book Innovation and the Small and Medium Sized Firm written by Roy G. Rothwell and published by Springer. This book was released on 1982-06 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Innovations in Small and Medium-Sized Family Firms

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Publisher : Springer Science & Business Media
ISBN 13 : 3658000635
Total Pages : 185 pages
Book Rating : 4.6/5 (58 download)

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Book Synopsis Innovations in Small and Medium-Sized Family Firms by : Nils Kraiczy

Download or read book Innovations in Small and Medium-Sized Family Firms written by Nils Kraiczy and published by Springer Science & Business Media. This book was released on 2013-01-04 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: ​Small and medium-sized firms are a prevalent organizational form in Germany. Their importance for the German economy is indisputable. Most of them are global market leaders in their niches and are considered to be a force for innovation in the German economy. The ability to be innovative in niche markets has been identified as the antecedent of their strong, or even dominant, competitive positions in their industries. The driver of this innovation success may well be the family, which distinguishes family firms from non-family firms. But how can a family influence innovation in a family firm and does this influence have only positive effects? This dissertation focuses on the impact of top management teams on innovations interacting with family firm-specific characteristics.

Industry 4.0 for SMEs

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Publisher : Springer Nature
ISBN 13 : 3030254259
Total Pages : 435 pages
Book Rating : 4.0/5 (32 download)

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Book Synopsis Industry 4.0 for SMEs by : Dominik T. Matt

Download or read book Industry 4.0 for SMEs written by Dominik T. Matt and published by Springer Nature. This book was released on 2020-01-03 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book explores the concept of Industry 4.0, which presents a considerable challenge for the production and service sectors. While digitization initiatives are usually integrated into the central corporate strategy of larger companies, smaller firms often have problems putting Industry 4.0 paradigms into practice. Small and medium-sized enterprises (SMEs) possess neither the human nor financial resources to systematically investigate the potential and risks of introducing Industry 4.0. Addressing this obstacle, the international team of authors focuses on the development of smart manufacturing concepts, logistics solutions and managerial models specifically for SMEs. Aiming to provide methodological frameworks and pilot solutions for SMEs during their digital transformation, this innovative and timely book will be of great use to scholars researching technology management, digitization and small business, as well as practitioners within manufacturing companies.

Differences in Strategies and Performance of Different Types of Innovators

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Differences in Strategies and Performance of Different Types of Innovators by : John R. Baldwin

Download or read book Differences in Strategies and Performance of Different Types of Innovators written by John R. Baldwin and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The strategies and competencies of small and medium-sized firms are explored here using the responses to the Survey of Growing Small and Medium Size Enterprises, conducted by Statistics Canada. The paper classifies small and medium-sized firms by innovator type and explores the complementary strategies in management, marketing, human resources and financing that are adopted by each innovator type and the success of each type of innovator. A taxonomy of innovative types is developed that is based on the product/process development orientation of the firm. Differences in competencies in the area of human resources, management, marketing and finance that are possessed by firms in each group are examined. Firms are classified into one of four groups?product innovators, comprehensive (product and process) innovators, process innovators, or non-innovators?based on their responses to 22 innovation-related questions on the survey. These groups correspond to different stages in the development of a product market. Product innovators occupy the first stage, the time when the product is initially introduced. Comprehensive innovators represent the second stage, when the product demand is still growing, and firms in addition to producing new products, have begun to make dramatic improvements in their production efficiencies, by concentrating on process innovations as well as product innovations. Process innovators represent the third phase in the development of a product market, when the product characteristics have become established, and firms seek to improve their market share mainly by improving their production efficiencies. Finally, the last phase is characterized by a relatively stable product line, with a mature production technology. The competencies of firms differ across these innovative types. Comprehensive innovators tend to develop greater capabilities than the other innovators in a wide range of areas. Comprehensive innovators also tend to outperform the other innovators in terms of growth in sales, market share, and employment size. Innovators also tailor their financial strategies to their innovator type. Product innovators focus on a low debt/asset strategy with non-standard sources like venture capital. In later stages of the innovation life cycle?comprehensive?place greater emphasis on higher debt/asset ratios. Firms move from being highly reliant on just innovative sources of financing to using both innovative and more traditional sources of financing. In the third stage, comprehensive innovators make more use of retained earnings and move back to lower debt/asset ratios and increase their use of bank financing.

Entrepreneurship, Innovation and Regional Development

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Publisher : Routledge
ISBN 13 : 1136702520
Total Pages : 472 pages
Book Rating : 4.1/5 (367 download)

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Book Synopsis Entrepreneurship, Innovation and Regional Development by : Jay Mitra

Download or read book Entrepreneurship, Innovation and Regional Development written by Jay Mitra and published by Routledge. This book was released on 2013-03-01 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entrepreneurship, Innovation and Regional Development is unique in that it addresses the central factors in economic development – entrepreneurship, innovation and organizational learning – as regional phenomena. This definitive text focuses on different types of organizations to illustrate the value of entrepreneurship and innovation both for businesses and for regional development. Establishing a firm link between entrepreneurship, innovation and economic regeneration, the book also examines the factors contributing to their success. Replete with international case studies, empirical evidence of concepts and practical examples, this is an ideal text to support postgraduate teaching and research related to entrepreneurship, innovation management and regional economic development.

Handbook of Research on Driving Competitive Advantage through Sustainable, Lean, and Disruptive Innovation

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Publisher : IGI Global
ISBN 13 : 1522501363
Total Pages : 772 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Handbook of Research on Driving Competitive Advantage through Sustainable, Lean, and Disruptive Innovation by : Al-Hakim, Latif

Download or read book Handbook of Research on Driving Competitive Advantage through Sustainable, Lean, and Disruptive Innovation written by Al-Hakim, Latif and published by IGI Global. This book was released on 2016-04-22 with total page 772 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global market is constantly evolving and it has become essential for organizations to employ new methods of appealing to customers in order to stay abreast on current trends within the world economy. The Handbook of Research on Driving Competitive Advantage through Sustainable, Lean, and Disruptive Innovation features theoretical development and empirical research in social media platforms, internet usage, big data analytics, and smart computing, as well as other areas of organizational innovation. Highlighting implementation challenges facing innovative processes, this publication is a critical reference source for researchers, students, professionals, managers, and decision makers interested in novel strategies being employed by organizations in an effort to improve their standings on the global market.

Integrating Innovation in Architecture

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Publisher : John Wiley & Sons
ISBN 13 : 1119164826
Total Pages : 264 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis Integrating Innovation in Architecture by : Ajla Aksamija

Download or read book Integrating Innovation in Architecture written by Ajla Aksamija and published by John Wiley & Sons. This book was released on 2017-03-13 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today’s design professionals are faced with challenges on all fronts. They need not only to keep in step with rapid technological changes and the current revolution in design and construction processes, but to lead the industry. This means actively seeking to innovate through design research, raising the bar in building performance and adopting advanced technologies in their practice. In a constant drive to improve design processes and services, how is it possible to implement innovations? And, moreover, to assimilate them in such a way that design, methods and technologies remain fully integrated? Focusing on innovations in architecture, this book covers new materials and design methods, advances in computational design practices, innovations in building technologies and construction techniques, and the integration of research with design. Moreover, it discusses strategies for integrating innovation into design practices, risks and economic impacts. Through numerous case studies, it illustrates how innovations have been implemented on actual architectural projects, and how design and technical innovations are used to improve building performance, as well as design practices in cutting-edge architectural and engineering firms. Projects of all scales and building types are discussed in the book, ranging from small-scale installations, academic and commercial buildings to large-scale mixed-use, healthcare, civic, academic, scientific research and sports facilities. Work from design firms around the globe and of various scales is discussed in the book, including for example Asymptote Architecture, cepezed, CO Architects, Consarc Architects, FAAB Architektura, Gerber Architekten, HOK, IDOM-ACXT, MAD Architects, Morphosis Architects, SDA | Synthesis Design + Architecture, Studiotrope, Perkins+Will, Richter Dahl Rocha & Associés, Snøhetta, Rob Ley Studio, Trahan Architects, UNStudio and Zaha Hadid Architects, among many others.

Managing Open Innovation in SMEs

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Publisher : Cambridge University Press
ISBN 13 : 1108165796
Total Pages : 253 pages
Book Rating : 4.1/5 (81 download)

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Book Synopsis Managing Open Innovation in SMEs by : Wim Vanhaverbeke

Download or read book Managing Open Innovation in SMEs written by Wim Vanhaverbeke and published by Cambridge University Press. This book was released on 2017-05-27 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of open innovation (OI) has become a very popular topic during the last decade, with an increasing number of small- and medium-sized enterprises (SMEs) embracing OI practices to gain competitive advantage. With the majority of publications focusing on large firms, open innovation in SMEs has received scant attention from both scholars and practitioners. This book seeks to correct this imbalance by providing an in-depth study for both business managers and graduate-level students. Using rich, in-depth case studies from successful companies, it examines different approaches to managing OI in order to develop practical guidelines for implementation. It also highlights important differences between OI strategies in SMEs and large companies. Its findings will be of use to those studying or working in innovation management, open innovation, small business management and entrepreneurship.

Entrepreneurship and innovation in the age of digital transformation

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Publisher : Cognitione Foundation
ISBN 13 : 8395900651
Total Pages : 202 pages
Book Rating : 4.3/5 (959 download)

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Book Synopsis Entrepreneurship and innovation in the age of digital transformation by : Anna Ujwary-Gil

Download or read book Entrepreneurship and innovation in the age of digital transformation written by Anna Ujwary-Gil and published by Cognitione Foundation. This book was released on 2021-11-01 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: PURPOSE: Explore what entrepreneurship and success factors can help drive business to resilience and stability and achieve competitive advantage through innovation in different countries and business realities in the era of digital transformation and turbulent times. METHODOLOGY: Based on the narrative literature review, we present research findings concerning new strategies and outlooks for business innovation in times of many unknowns. Each organization wants to find its way to gain success and create its unique business model, which can capture value creation and innovativeness and be more adaptive, resilient, and stable in critical moments and sustainable over time. FINDINGS: The articles presented in this issue explore the essential factors of business innovation and success in different organizations and the environments in which these businesses function. IMPLICATIONS FOR THEORY AND PRACTICE: This article synthesizes the presented research field’s importance and relevance, connecting its theoretical background with practical research. Recommendations and implications for future trends of this research stream might also be helpful for professionals and academicians. ORIGINALITY AND VALUE: The novel studies presented in this issue were done in five different (developing and developed) countries and business sectors that present human-based and non-human-based factors as crucial factors needed to empower business transformation in a complex world. Each group of elements is essential in business success, and their components are interdependent. We need to look at the interactions and interdependencies of their components in a dynamic and network form and cannot simplify the reality, focusing only on one group of business components and ignoring the other. These unique studies provide a valuable outlook to establish dynamic, adaptive business pathways towards a sustainable and resilient organizational future and propose future research paths needed to execute structural changes in businesses. Keywords: business model, innovation, critical success factors, digital transformation, knowledge management, talent management, competitiveness, leadership, transformation, change management, VUCA Table of Contents Business innovation and critical success factors in the era of digital transformation and turbulent times 7 Anna Florek-Paszkowska, Anna Ujwary-Gil, Bianka Godlewska-Dzioboń Survival of the funded: Econometric analysis of startup longevity and success 29 Daniel Keogh, Daniel K.N. Johnson The use of process benchmarking in the water industry to introduce changes in the digitization of the company’s value chain 51 Natalia R. Potoczek Entrepreneurial self-efficacy and entrepreneurial intention: The mediating role of the need for independence 91 Victor Osadolor, Emmanuel K. Agbaeze, Ejikeme Emmanuel Isichei, Samuel Taiwo Olabosinde Application of knowledge management tools: Comparative analysis of small, medium, and large enterprises 121 Natalia Sytnik, Maryna Kravchenko Innovation among SMEs in Finland: The impact of stakeholder engagement and firm-level characteristics 157 Hannu Littunen, Timo Tohmo, Esa Storhammar

Managing Innovation

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Publisher : John Wiley & Sons
ISBN 13 : 1119713307
Total Pages : 624 pages
Book Rating : 4.1/5 (197 download)

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Book Synopsis Managing Innovation by : Joe Tidd

Download or read book Managing Innovation written by Joe Tidd and published by John Wiley & Sons. This book was released on 2020-11-23 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now in its seventh edition, Managing Innovation: Integrating Technological, Market and Organizational Change enables graduate and undergraduate students to develop the unique skill set and the foundational knowledge required to successfully manage innovation, technology, and new product development. This bestselling text has been fully updated with new data, new methods, and new concepts while still retaining its holistic approach the subject. The text provides an integrated, evidence-based methodology to innovation management that is supported by the latest academic research and the authors’ extensive experience in real-world management practice. Students are provided with an impressive range of learning tools—including numerous case studies, illustrative examples, discussions questions, and key information boxes—to help them explore the innovation process and its relation to the markets, technology, and the organization. "Research Notes" examine the latest evidence and topics in the field, while "Views from the Front Line" offer insights from practicing innovation managers and connect the covered material to actual experiences and challenges. Throughout the text, students are encouraged to apply their knowledge and critical thinking skills to business model innovation, creativity, entrepreneurship, service innovation, and many more current and emerging approaches and practices.

OECD Science, Technology and Industry Outlook 2004

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Publisher : OECD Publishing
ISBN 13 : 9264016910
Total Pages : 229 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis OECD Science, Technology and Industry Outlook 2004 by : OECD

Download or read book OECD Science, Technology and Industry Outlook 2004 written by OECD and published by OECD Publishing. This book was released on 2004-12-17 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: The OECD Science, Technology and Industry Outlook 2004 provides a comprehensive review of important trends and developments in science and innovation policy. It identifies key changes in science, technology and innovation policies in OECD countries and the factors driving them.

Multinational Firms, Innovation and Productivity

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Publisher : Edward Elgar Publishing
ISBN 13 : 1847201598
Total Pages : 263 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis Multinational Firms, Innovation and Productivity by : D. Castellani

Download or read book Multinational Firms, Innovation and Productivity written by D. Castellani and published by Edward Elgar Publishing. This book was released on 2006 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book assumes an original place in the literature. . . Castellani and Zanfei show that the economic impact of MNEs on innovation and productivity depends on evolutionary features of firms and industries, particularly on the heterogeneity of firm strategies and behaviours. . . this volume contains high-quality, well-written research. . . Simona Iammarino, Research Policy . . . this book offers the reader a well-written and very comprehensive analysis on the link between innovation and internalization which leads to insights into firm heterogeneity. The authors have succeeded in synthesizing the vast body of theoretical and empirical research and given an up-to-date overview of the various issues involved. This is then complemented with their own research findings. . . The book will undoubtedly enrich the debate on the behavior and impact of MNEs. Yama Temouri, Journal of International Business Studies Davide Castellani and Antonello Zanfei, two well-known Italian economists, have brought forth an excellent new book. . . I think this book will serve as a starting-point for many interesting studies, both because of its findings and because of its empirical and theoretical rigour. . . the book lays an excellent and empirically well founded foundation that opens the way for what we need most in research on the international innovatory activities and R&D configurations of MNCs: intrafirm data and the study of intrafirm processes, configurations and specific interactions with the host country environment. The book to me is an important step in moving innovation research forward in this direction. . . I am sure that this book will serve as a thought-provoking starting point for many future studies on firms international innovatory activities and therefore recommend it without any reservation. Marcus M. Keupp, Creativity and Innovation Management Castellani and Zanfei have developed an original and comprehensive analysis of the role of multinational firms in the transfer, creation and diffusion of technology. By developing their view of the multinationals as double network institutions , the authors provide new insights on a variety of key issues at the frontier of economics of international production and innovation. This book is thought-provoking, incisive and topical, and should be required reading for both economists and policymakers alike. Rajneesh Narula, University of Reading, UK Castellani and Zanfei present an in-depth theoretical and empirical analysis of the key issues underpinning the relationship between innovation and multinationality. This book is strongly-recommended reading for any researcher working on innovation or multinationality or the interface between the two. Grazia Ietto-Gillies, London South Bank University, UK This book gets to the root of how and why multinational firms differ in the cross-border creation, transfer and diffusion of technology, and provides fresh evidence on the effects that these differences have on productivity and innovation in the economic systems in which they are active. Davide Castellani and Antonello Zanfei consider multinationals as heterogeneous institutions that combine internal networks of subsidiaries with external networks of collaborative linkages, to bridge different economic and innovation systems. They examine heterogeneity in productivity and innovative behaviour between multinational and national firms, as well as across and within multinationals. The authors argue that not every foreign firm is a good source of externality, and not every domestic firm is equally well placed to benefit from multinationals. It is shown that spillovers from multinationals differ according to the technological profiles, embeddedness and linkage creation of both foreign and domestic firms active in local markets. The book supports this view with empirical evidence based on illustrative case studies, and on econometric analysis using extensive firm-level datasets on multinati

The International Handbook on Innovation

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Publisher : Elsevier
ISBN 13 : 008044198X
Total Pages : 1202 pages
Book Rating : 4.0/5 (84 download)

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Book Synopsis The International Handbook on Innovation by : Larisa V Shavinina

Download or read book The International Handbook on Innovation written by Larisa V Shavinina and published by Elsevier. This book was released on 2003-10-16 with total page 1202 pages. Available in PDF, EPUB and Kindle. Book excerpt: The breadth of this work will allow the reader to acquire a comprehensive and panoramic picture of the nature of innovation within a single handbook.

Innovation, Growth and Competitiveness

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Publisher : Springer Science & Business Media
ISBN 13 : 3642149650
Total Pages : 378 pages
Book Rating : 4.6/5 (421 download)

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Book Synopsis Innovation, Growth and Competitiveness by : Peter Nijkamp

Download or read book Innovation, Growth and Competitiveness written by Peter Nijkamp and published by Springer Science & Business Media. This book was released on 2010-12-01 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates dynamic regions in the context of greater global interaction in a world economy increasingly driven by knowledge and innovation. It offers novel empirical evidence on the underlying factors of the growth performance of these spaces. In particular, the following questions are addressed: What role is there for research, education and innovation in the development strategies of the dynamic growth regions? What are the risks and consequences of dynamic growth on patterns of world growth and development, competitiveness, inequalities, and convergence? What development strategies should be promoted at national and international levels to promote a growing and more sustainable world economy? What are the implications of the emerging new competitors for Europe’s competitiveness? Using an innovative, integrated framework of analysis, the contributions in this book combine a wide array of complex theoretical and methodological approaches.

Strategic Innovation in Small Firms

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781781003022
Total Pages : 464 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Strategic Innovation in Small Firms by : Tim Mazzarol

Download or read book Strategic Innovation in Small Firms written by Tim Mazzarol and published by Edward Elgar Publishing. This book was released on 2011-08-31 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Innovation in Small Firms is an investigation of the commercialization practices of small firms across a wide range of industries in nine OECD countries. The authors examine the perspective of these firms' managers on their national innovation systems and on their firm's innovation management practices. The research is focused on understanding the process of innovation management both from the perspective of the small firm and from a broader strategic perspective. Drawing on a database of 567 cases, the contributors examine the commercialization practices of small to medium sized firms across a wide range of industries. They suggest that there are more similarities than differences to be found between countries and industries with size, level of R&D intensity and type of innovation project being important points of difference. The need for increased formality in the commercialization of radical innovations is shown, although they find that most small firms are not characterized by such formality within their innovation management processes.This multinational study in which a common methodology and case study survey protocol is employed, will strongly appeal to academic researchers and research students as well as policymakers engaged in the support for innovation commercialization in SMEs. Entrepreneurs and small business owners will also find plenty of invaluable information in this unique and important resource.