How do Firms Innovate in Latin America? Identification of Innovation Strategies and Their Main Adoption Determinants
The study of innovation in Latin American firms has concentrated almost exclusively on the determinants and impacts of innovation investments and outputs. Less attention has been paid to how firms innovate. This study applies factor and cluster analysis to a unique dataset of harmonized innovation surveys from Argentina, Chile, Colombia, Ecuador, El Salvador, Paraguay, Peru, and Uruguay, to identify the main innovation practices and strategies performed by Latin American firms. Three of the four identified innovation strategies can be linked to results from similar studies using European firm-level data. However, none of these strategies resembles a strong science or research orientation. An approach to "open management" innovation emerges as idiosyncratic for Latin American firms. These innovation strategies are associated with differences in sales growth and labor productivity. The analysis also shows that firm resources and capabilities drive innovation strategy selection.
Saved in:
Bibliographic Details
| Main Author: |
Inter-American Development Bank |
|---|
| Other Authors: |
Fernando Vargas |
|---|
| Language: | English |
|---|
| Published: |
Inter-American Development Bank
|
|---|
| Subjects: | Small Business,
Innovative Firm,
Innovation Strategy,
Innovation,
Innovation Policy,
Research and Development,
Science and Technology,
Economy,
Labor Force,
Investment,
Educational Institution,
Knowledge,
L20 - Firm Objectives Organization and Behavior: General,
O12 - Microeconomic Analyses of Economic Development,
O14 - Industrialization • Manufacturing and Service Industries • Choice of Technology,
O30 - Innovation • Research and Development • Technological Change • Intellectual Property Rights: General,
O32 - Management of Technological Innovation and R&D,
O33 - Technological Change: Choices and Consequences • Diffusion Processes,
O54 - Latin America • Caribbean,
innovation;innovation strategy;innovation survey;Latin America, |
|---|
| Online Access: | http://dx.doi.org/10.18235/0004211
https://publications.iadb.org/en/how-do-firms-innovate-latin-america-identification-innovation-strategies-and-their-main-adoption
|
|---|
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
|---|
