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New approach to the innovation process in emerging economies: the manufacturing sector case in Chile and Peru

New approach to the innovation process in emerging economies: the manufacturing sector case in Chile and Peru
New approach to the innovation process in emerging economies: the manufacturing sector case in Chile and Peru
This paper focuses on paths towards innovation and considers different types of innovation. It develops a new framework to analyze the internal and external factors that influence the types of innovation and their relationships with business performance in the manufacturing sector. A proposed theoretical model is tested and used to evaluate the process of innovation by country (Peru and Chile) and companies by size, type of industry, financial aspects and level of patenting. In Chile, the driver is technological innovation in processes, whereas in Peru, it is non-technological innovation. Companies with high perceptions of financial constraints exhibit a preference for the development of marketing innovations to substantially improve production performance; if a company perceives few financial barriers, it increases innovation resources and process innovation to significantly improve market performance. Small businesses increase non-technological innovation by investing in staff to manage the social networks. Moreover, the participation of foreign capital may overcome the institutional voids and lack of support systems. Furthermore, the combination of process and organizational innovation increases export performance, and the effect of the cooperation depends on the type of industry. Finally, we note the limitations and propose future research.
0166-4972
35-55
Heredia Pérez, Jorge A.
1dae9124-8272-4364-ae3e-b30050bdc7a9
Geldes, Cristian
80df35fe-b311-4840-9b1d-f01161d84039
Kunc, Martin H.
0b254052-f9f5-49f9-ac0b-148c257ba412
Flores, Alejandro
26d39924-c333-4a23-b5e3-af313ded9723
Heredia Pérez, Jorge A.
1dae9124-8272-4364-ae3e-b30050bdc7a9
Geldes, Cristian
80df35fe-b311-4840-9b1d-f01161d84039
Kunc, Martin H.
0b254052-f9f5-49f9-ac0b-148c257ba412
Flores, Alejandro
26d39924-c333-4a23-b5e3-af313ded9723

Heredia Pérez, Jorge A., Geldes, Cristian, Kunc, Martin H. and Flores, Alejandro (2019) New approach to the innovation process in emerging economies: the manufacturing sector case in Chile and Peru. Technovation, 79, 35-55. (doi:10.1016/j.technovation.2018.02.012).

Record type: Article

Abstract

This paper focuses on paths towards innovation and considers different types of innovation. It develops a new framework to analyze the internal and external factors that influence the types of innovation and their relationships with business performance in the manufacturing sector. A proposed theoretical model is tested and used to evaluate the process of innovation by country (Peru and Chile) and companies by size, type of industry, financial aspects and level of patenting. In Chile, the driver is technological innovation in processes, whereas in Peru, it is non-technological innovation. Companies with high perceptions of financial constraints exhibit a preference for the development of marketing innovations to substantially improve production performance; if a company perceives few financial barriers, it increases innovation resources and process innovation to significantly improve market performance. Small businesses increase non-technological innovation by investing in staff to manage the social networks. Moreover, the participation of foreign capital may overcome the institutional voids and lack of support systems. Furthermore, the combination of process and organizational innovation increases export performance, and the effect of the cooperation depends on the type of industry. Finally, we note the limitations and propose future research.

Text
Final version Technovation 04 January 2018 - Accepted Manuscript
Restricted to Repository staff only until 12 March 2021.
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More information

Accepted/In Press date: 23 February 2018
e-pub ahead of print date: 13 March 2019

Identifiers

Local EPrints ID: 427761
URI: https://eprints.soton.ac.uk/id/eprint/427761
ISSN: 0166-4972
PURE UUID: ecc8e11d-e34a-402a-a8cc-ef9ef09de97e

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Date deposited: 28 Jan 2019 17:30
Last modified: 16 Jul 2019 16:45

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Contributors

Author: Jorge A. Heredia Pérez
Author: Cristian Geldes
Author: Martin H. Kunc
Author: Alejandro Flores

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