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Fostering novelty while reducing failure: Balancing the twin challenges of product innovation

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Fostering novelty while reducing failure: Balancing the twin challenges of product innovation

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dc.contributor.author Deste Cukierman, Pablo es_ES
dc.contributor.author Amara, Nabil es_ES
dc.contributor.author Olmos-Peñuela, Julia es_ES
dc.date.accessioned 2017-07-13T12:20:55Z
dc.date.available 2017-07-13T12:20:55Z
dc.date.issued 2016-12
dc.identifier.issn 0040-1625
dc.identifier.uri http://hdl.handle.net/10251/85100
dc.description.abstract [EN] This paper aims to further our understanding of how the degrees of innovation novelty and innovation failure are connected. It argues that a better understanding of the specific predictors of innovation novelty and failure would improve our understanding of the innovation process and inform R&D managerial interventions to reduce the occurrences of failure and enhance radical innovation. This investigation draws on data on 5387 Spanish manufacturing firms from the 2009 Spanish Community Innovation Survey (CIS). Unlike prior studies which examine product innovation, degree of innovation novelty, and innovation failures in separate models, this study relies on a multivariate model to account for the extent to which these outcomes are interdependent Overall, the results indicate that innovation effort and innovation failure are closely linked, especially if the innovation involves a significant level of novelty. These interdependencies are problematic since firms aspire to higher propensity for innovation and novelty; however, this higher propensity is accompanied by a higher probability of failure. Our empirical results identify a number of factors that contribute to enhancing innovation novelty while also attenuating the probability of innovation failure. These factors are: (i) R&D employees, (ii) research and institutional sources of information, (iii) contracting external R&D, and (iv) corporate social responsibility practices. (C) 2015 Elsevier Inc. All rights reserved. es_ES
dc.language Inglés es_ES
dc.publisher Elsevier es_ES
dc.relation.ispartof Technological Forecasting and Social Change es_ES
dc.rights Reserva de todos los derechos es_ES
dc.subject Innovation novelty es_ES
dc.subject Innovation failure es_ES
dc.subject External sources of information es_ES
dc.subject R&D cooperation es_ES
dc.subject R&D contracting es_ES
dc.subject Corporate social responsibility es_ES
dc.subject.classification ORGANIZACION DE EMPRESAS es_ES
dc.title Fostering novelty while reducing failure: Balancing the twin challenges of product innovation es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.1016/j.techfore.2015.08.011
dc.rights.accessRights Cerrado es_ES
dc.contributor.affiliation Universitat Politècnica de València. Instituto de Gestión de la Innovación y del Conocimiento - Institut de Gestió de la Innovació i del Coneixement es_ES
dc.description.bibliographicCitation Deste Cukierman, P.; Amara, N.; Olmos-Peñuela, J. (2016). Fostering novelty while reducing failure: Balancing the twin challenges of product innovation. Technological Forecasting and Social Change. 113:280-292. doi:10.1016/j.techfore.2015.08.011 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion http://doi.org/10.1016/j.techfore.2015.08.011 es_ES
dc.description.upvformatpinicio 280 es_ES
dc.description.upvformatpfin 292 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 113 es_ES
dc.relation.senia 334512 es_ES
dc.identifier.eissn 1873-5509


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