The economic impact of technological and organizational innovations. A firm-level analysis |
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| Authors: | Rinaldo Evangelista Antonio Vezzani |
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| Institution: | aUniversity of Camerino (IT), Piazza Cavour 19, 62032 Camerino, Italy;bUniversity of Rome Tor Vergata, Via Columbia 2, 00133 Rome, Italy |
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| Abstract: | By using firm-level data provided by the last round of the (Italian) Community Innovation Survey (CIS4) this paper explores (in a manufacturing-services comparative framework) the relationship between technological and non-technological innovations and their impact on firms’ performances. The empirical evidence presented shows that including the organizational dimension of innovation provides a much more comprehensive picture of the variegated universe of innovation in both macro-sectors. Four distinct innovation modes have been identified on the basis of the ways firms combine technological and non-technological innovations. These different modes of innovation are present and relevant in both manufacturing and service sectors and have been found to have a differentiated impact on firms’ performances. Strategies characterized by the joint introduction of product, process and organizational innovations have been found to give to both manufacturing and service firms a clear competitive advantage vis à vis both non-innovating firms and firms with a narrow approach to innovation. A few significant differences between services and manufacturing firms in the relevance and economic impact of different types of innovation strategies have also been found. |
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| Keywords: | Technology Organizational innovation Economic performance |
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