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A platform for research: civil engineering, architecture and urbanism
Innovation Activities and Their Impact on Product Innovation Results: Evidence from a Sectorial Study
In the current competitive context, innovation has become a necessity, to the point that it seems that no company can survive without developing innovation processes. One of the great concerns of small and medium-sized companies is about the investment of resources in innovation activities and their success. Therefore, this article analyzes the influence of different innovation activities performed by small and medium-sized enterprises (SMEs) of the Colombian Caribbean region on their product innovation outcomes and thereby provides a solid groundwork for the design of innovation strategies. To achieve this objective, a data collection instrument was first validated in 56 SMEs, followed by the application of a reflective measurement model with convergent validity analysis. The results of the model application revealed that investment in Research and Development (R&D) and innovation, knowledge transfer, technology adoption, and financial aspects explain to a greater extent the introduction of new products to the market.
Innovation Activities and Their Impact on Product Innovation Results: Evidence from a Sectorial Study
In the current competitive context, innovation has become a necessity, to the point that it seems that no company can survive without developing innovation processes. One of the great concerns of small and medium-sized companies is about the investment of resources in innovation activities and their success. Therefore, this article analyzes the influence of different innovation activities performed by small and medium-sized enterprises (SMEs) of the Colombian Caribbean region on their product innovation outcomes and thereby provides a solid groundwork for the design of innovation strategies. To achieve this objective, a data collection instrument was first validated in 56 SMEs, followed by the application of a reflective measurement model with convergent validity analysis. The results of the model application revealed that investment in Research and Development (R&D) and innovation, knowledge transfer, technology adoption, and financial aspects explain to a greater extent the introduction of new products to the market.
Innovation Activities and Their Impact on Product Innovation Results: Evidence from a Sectorial Study
Eduardo Antonio Chang-Muñoz (author) / Andrés Felipe Guarín-García (author) / Yuneidis Charris-Sevilla (author) / José Fernando Gallego-Nicholls (author) / Cristina Santos-Rojo (author) / Arturo Ortigosa-Blanch (author)
2023
Article (Journal)
Electronic Resource
Unknown
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