|
on Economics of Strategic Management |
|
Issue of 2025–02–03
nine papers chosen by João José de Matos Ferreira, Universidade da Beira Interior |
| By: | Christoph Grimpe; Fuad Hasanov; Wolfgang Sofka; Geoffrey Borchardt; Philip Schulz |
| Abstract: | A well-functioning market for technology, or ideas, is an important determinant for the type, scope, and distribution of innovation activities. We use a panel of 20 industries across 24 European countries to study the key determinants driving the market for technology. We explore whether the expenditures on external knowledge depends on the sectoral pattern of innovation and an industry’s distance to the global technological frontier. Disseminating knowledge and technology within the industry, bringing it closer to the global technological frontier, tends to reduce the expenditures for external knowledge except in supplier-dominated industries. We also find important complementarity effects in the market for external knowledge. Industries with high R&D spending, with increasingly large firms, and with large investments in machinery and software foster growth of the market for technology. Our findings suggest tailoring innovation policies to help expand both the size of the market for technology and the use of these markets in specific industries. |
| Keywords: | Markets for technology; patterns of innovation; industry studies; R&D; external knowledge; industrial policy |
| Date: | 2025–01–17 |
| URL: | https://d.repec.org/n?u=RePEc:imf:imfwpa:2025/020 |
| By: | Ruiz, Walter; Spinola, Danilo; Villalba, Maria Luisa |
| Abstract: | This paper develops an Agent-Based Model (ABM) to study the impact of Science, Technology, and Innovation (STI) policies on innovation systems. The model, which we call the Adaptive Innovation System Model (AdaptISM), simulates the technological innovation capabilities required for knowledge and technology generation, diffusion, and utilisation, integrating decision rules that capture the emergent behaviours of agents interacting with innovation opportunities. The model is empirically validated using data from the coffee and avocado agricultural production chains (APCs) in Antioquia, Colombia, which are two sectors of regional economic and local importance. The validation process allows the evaluation of individual and combined STI policy modes, identifying which policy strategies most effectively enhance innovation performance and economic outcomes. By enabling the exploration of “what-if” scenarios, the ABM provides a tool to assess STI policy contributions systematically and offers practical insights into resource allocation in local innovation systems. This approach addresses a critical challenge in innovation policy design: understanding how STI policies influence system performance. The findings highlight the utility of combining policy approaches to improve innovation and economic growth, offering a replicable framework for policymakers and researchers seeking to optimise the performance of innovation systems. |
| Keywords: | STI policy; innovation systems; agricultural production chains; Agent-based modelling |
| Date: | 2025–01–20 |
| URL: | https://d.repec.org/n?u=RePEc:akf:cafewp:32 |
| By: | Noraindah Abdullah Fahim (Faculty of Management, Universiti Teknologi Malaysia, Malaysia Author-2-Name: Logaiswari Indiran Author-2-Workplace-Name: Faculty of Management, Universiti Teknologi Malaysia, Malaysia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - This study aims to examine the role of Market Learning Orientation (MLO) and Entrepreneurial Orientation (EO) in enhancing Innovation Capability (IC) to sustain the performance of Micro, Small, and Medium Enterprises (MSMEs) in Malaysia, specifically in the Fruits and Vegetables (FFV) contract farming sector. Methodology/Technique - Using a quantitative approach, primary data were collected from 228 FFV MSMEs through structured questionnaires. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to test the relationships between MLO, EO, IC, and firm performance. Findings and Novelty - The results reveal that both MLO (β = 0.156, p |
| Keywords: | Market Learning Orientation, Entrepreneurial Orientation, Innovation Capability, MSME Performance, Fruits and Vegetables Contract Farming, Malaysia, Business Sustainability. |
| JEL: | G21 L26 O16 |
| Date: | 2024–12–31 |
| URL: | https://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr343 |
| By: | Huang, Jiayi (Cardiff Business School); Zhou, Peng (Cardiff Business School) |
| Abstract: | Open innovation serves as a critical pathway for aligning Sustainable Business Models (SBMs) with the dual imperatives of the sustainable economy and the digital economy. This editorial review synthesizes insights from theoretical frameworks, particularly the Resource-Based View (RBV) and Transaction Cost Theory (TCT), integrated with the Technology-Organization-Environment (TOE) framework to explore the mechanisms driving open innovation. Our editorial review highlights key dimensions influencing open innovation: technology (digital platforms, emerging technologies like AI, IoT, and blockchain), organization (stakeholder collaboration, governance mechanisms), and environment (regulatory frameworks, market dynamics, and industrial spillovers). This unified framework offers actionable insights for policymakers to foster enabling ecosystems and for business leaders to adopt open innovation strategies for resource optimization and governance improvement. The review concludes that the RBV-TCT-TOE framework provides a generalizable and robust tool for understanding and advancing open innovation across industries and regions, bridging theoretical and practical dimensions to address the challenges of sustainability and digital transformation. |
| Keywords: | Open Innovation; Entrepreneurship; Sustainable Business Model |
| JEL: | O36 |
| Date: | 2025–01 |
| URL: | https://d.repec.org/n?u=RePEc:cdf:wpaper:2025/2 |
| By: | Quoc Tran-Nam (International University HCMC [Vietnam] - International University); Phu Nguyen-Van (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique, IUH - Industrial University of Ho Chi Minh city); Tuyen Tiet (International University HCMC [Vietnam] - International University, BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement) |
| Abstract: | Although numerous studies examine the impacts of environmental compliance and innovation on a firm's economic performance, the role of export activities in this nexus has remained unanswered. In this study, we revisit the Porter hypothesis by investigating synergy strategies of dierent environmental and economic practices (i.e., environmental compliance, product innovation, process innovation and having export activities) on total factor productivity (TFP) of Vietnamese manufacturing SMEs. Our results suggest that while encouraging either product or process innovation is also essential in the environment-promoting policy, joint implementation of these two practices should be carefully considered by managers. Moreover, entering export markets positively impacts rms' productivity; complying with the domestic/local environmental standards could signicantly increase the chances for SMEs to enter the export markets |
| Keywords: | Environmental compliance, Export, Product innovation, Process innovation, Productivity, SMEs |
| Date: | 2024–02–13 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04441426 |
| By: | Chaikal Nuryakin; Izyan Pijar Bungabangsa Satyagraha; Ratu Silfa Addiba Nursahla (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)) |
| Abstract: | Micro, small, and medium enterprises (MSMEs) hold significant economic potential, for a potential contribution of over 55% to GDP, and employ more than 90% of the workforce (WTO, 2016). Recognizing their role in economic growth, poverty reduction, export, and job creation, the Indonesian government has prioritized MSMEs in its National Development Plan. However, a disproportionate number of MSMEs remain micro and small, hindering broader economic benefits. Innovation is proposed as a critical driver for the growth and scaling up of Micro and Small Enterprises (MSEs). This paper explores the relationship between innovation and business growth, identifies significant challenges and drivers of innovation, and draws on international best practices. We delve into several vital obstacles, such as financial constraints, inadequate copyright protection, and limited access to skilled talent that impede MSEs’ innovation and R&D capabilities. Also, we reviewed some strategies to overcome these challenges, including fostering research collaborations, implementing innovation programs, supportive government policies, and providing intellectual property rights (IPR) to MSEs. |
| Keywords: | MSMEs — innovation — scale-up |
| JEL: | F35 H81 O19 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:lpe:wpaper:202479 |
| By: | Jean-Michel Benkert; Igor Letina |
| Abstract: | We provide a model of investment in innovation that is dynamic, features multiple heterogeneous research projects of which only one potentially leads to success, and in each period, the researcher chooses the set of projects to invest in. We show that if a search for innovation starts, it optimally does not end until the innovation is found -- which will be never with a strictly positive probability. |
| Date: | 2024–12 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2412.03227 |
| By: | Payal Malik (Indian Council for Research on International Economic Relations (ICRIER)); Nikita Jain; Shiva Kanwar; Bhargavee Das; Saloni Dhadwal |
| Abstract: | Artificial Intelligence (AI) technologies are becoming integral to businesses and public markets alike, enabling innovation and efficiency and creating avenues for economic growth. The emphasis in public discourse has been on the technological advances enabled by AI and the risks and benefits associated with them. It is equally important that discussions on market implications of firm behavior active in AI are also understood. This report explores the evolving market dynamics in India and the critical challenges faced by policymakers and regulators in creating a competitive and innovative AI ecosystem. The report also examines the AI technology stack, highlighting its distinct layers and their implications for industrial organization and market competition. Key themes include the role of major cloud providers in shaping the AI ecosystem, the complexities of open-source models, the expanding network of partnerships between global technology companies, AI startups, and domestic IT incumbents, and the creation of new dependencies. Drawing on global best practices, the report emphasizes the need for a nuanced mix of competition and industrial policies, including a Digital Public Infrastructure paradigm, to foster a competitive, inclusive, and innovative AI ecosystem in India. It also highlights India's push for technological sovereignty through initiatives like the IndiaAI Mission and investments in indigenous AI models and supercomputing capabilities. The recommendations proposed in the report include promoting interoperability, enhancing access to computing resources, strengthening data-governance frameworks while facilitating access to high-quality open datasets, and leveraging public-private partnerships to support emerging AI startups. |
| Keywords: | Artificial Intelligence, Competition Policy, Generative AI, Digital Public Infrastructure, Data Governance, AI Regulation, Prosus, icrier |
| Date: | 2025–01 |
| URL: | https://d.repec.org/n?u=RePEc:bdc:report:25-r-01 |
| By: | Bojan Grebić (University of Novi Sad); Danijela Ćirić Lalić (University of Novi Sad); Slavica Mitrović Veljković (University of Novi Sad); Nikola Zivlak (EM - EMLyon Business School); Milena Savković (University of Novi Sad) |
| Abstract: | This paper examines agile intrapreneurship, an emerging concept in both academic and industrial spheres, as a driving force for corporate transformation and a source of competitive advantage in dynamic business landscapes. Study probes the intricacies of agility, intrapreneurship, and corporate transformation to provide a detailed synthesis of existing research and to elucidate how agile intrapreneurship can be cultivated within organizations to reap a range of benefits, notably enhanced innovation, competitive edge, and overall performance. To this end, we have analyzed and classified the facilitators, obstacles, and potential impacts of agile intrapreneurship, evaluating their representation in scholarly discussions and articulating their influence on corporate change. Our results underscore the significant positive effect of agile intrapreneurship on the success of corporate transformation and on business performance at large, emphasizing the imperative of adapting to change to ensure enduring growth. Furthermore, this paper establishes a foundation for future research into the ramifications of agile intrapreneurship on corporate evolution. |
| Keywords: | Intrapreneurship, Agile intrapreneurship, Corporate transformation, Corporate entrepreneurship, Innovation |
| Date: | 2024–12–24 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04862388 |