KTH/CESIS Working Paper Series in Economics and Institutions of Innovation
Firms’ Innovation Strategies Analyzed and Explained
() and Charlie Karlsson
Abstract: This paper analyzes various innovation strategies of
firms. Using five waves of the Community Innovation Survey in Sweden, we
have traced the innovative behaviour of firms over a ten-year period, i.e.
between 2002 and 2012. We distinguish between sixteen innovation
strategies, which compose of Schumpeterian 4 types of innovations (process,
product, marketing, and organizational) plus various combinations of these
four types. First, we find that firms are not homogenous in choosing
innovation strategies; instead, they have a wide range of preferences when
it comes to innovation strategy. Second, using Transition Probability
Matrix, we found that firms also persist to have such a diverse innovation
strategy preferences. Finally, using Multinomial Logit model, we explained
the determinant of each innovation strategies, while we gave special
attention to the commonly used innovation strategies among firms.
Keywords: innovation strategy; product innovations; process innovations; market innovations; organizational innovations; innovation strategies; heterogeneity; firms; persistence; Community Innovation Survey; Sweden; (follow links to similar papers)
JEL-Codes: D22; L20; O31; O32; (follow links to similar papers)
29 pages, February 2, 2015
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