TY - JOUR
T1 - The effects of environment, structure, and dynamic capabilities on product innovation strategy
AU - Spanos, Y. E.
AU - Prastacos, G. P.
PY - 2004
Y1 - 2004
N2 - The study compares the descriptive accuracy of some commonly held views on the factors affecting firms’ innovative behaviour. In particular, we contrast the relative impact of some of the ‘traditional’ factors that the extant literature has postulated as important determinants of product innovation, namely external environment and organisational structure, with that of the firm’s dynamic capabilities, which are emphasised by the resource-based theorising. External environment includes market dynamism and hostility. Structural dimensions are represented using formalisation, centralisation of decision-making, and vertical differentiation. Dynamic capabilities pertain to managerial and organisation processes through which coordination/integration, learning, and transformation take place inside the firm. Based on survey data drawn from a sample of leading Greek firms, results from hierarchical regression analysis seem to pronounce the effect of dynamic capabilities, even though environmental and structural variables also seem to exert a significant influence on product innovation strategy.
AB - The study compares the descriptive accuracy of some commonly held views on the factors affecting firms’ innovative behaviour. In particular, we contrast the relative impact of some of the ‘traditional’ factors that the extant literature has postulated as important determinants of product innovation, namely external environment and organisational structure, with that of the firm’s dynamic capabilities, which are emphasised by the resource-based theorising. External environment includes market dynamism and hostility. Structural dimensions are represented using formalisation, centralisation of decision-making, and vertical differentiation. Dynamic capabilities pertain to managerial and organisation processes through which coordination/integration, learning, and transformation take place inside the firm. Based on survey data drawn from a sample of leading Greek firms, results from hierarchical regression analysis seem to pronounce the effect of dynamic capabilities, even though environmental and structural variables also seem to exert a significant influence on product innovation strategy.
KW - determinants of innovation
KW - dynamic capabilities
KW - external environment
KW - organisational structure
KW - product innovation
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U2 - 10.1504/IJEIM.2004.005852
DO - 10.1504/IJEIM.2004.005852
M3 - Article
AN - SCOPUS:77956389858
SN - 1368-275X
VL - 4
SP - 620
EP - 638
JO - International Journal of Entrepreneurship and Innovation Management
JF - International Journal of Entrepreneurship and Innovation Management
IS - 6
ER -