Abstract
In an increasingly competitive environment, technical innovation in products and processes is by a vast number of manufacturing companies regarded as one of the most powerful enablers to differentiate from competitors and achieve competitive advantage. Accordingly, some manufacturing companies spend significant amounts of investments in innovation projects. In this paper, we examine the relationship between financial investments in innovation practices and competitive advantage. The results show that there is not a significant correlation between both constructs and higher financial investments do not necessarily lead to an increased competitive advantage.
| Original language | English |
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| Publication status | Published - 2014 |
| Event | 21st EurOMA Conference, 2014 - Palermo, Italy Duration: 2014 Jun 20 → 2014 Jun 25 Conference number: 21 |
Conference
| Conference | 21st EurOMA Conference, 2014 |
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| Country/Territory | Italy |
| City | Palermo |
| Period | 2014/06/20 → 2014/06/25 |
Bibliographical note
Vahid Sohrabpour, one of the authors of this paper, gratefully acknowledges use of the travel grant from Fysiografen.Subject classification (UKÄ)
- Economics and Business
Free keywords
- innovation practices
- competitive advantage
- incremental and radical innovation