Innovation Activities and Their Impact on Product Innovation Results: Evidence from a Sectorial Study

Abstract

In the current competitive context, innovation has become a necessity, to the point that it seems that no company can survive without developing innovation processes. One of the great concerns of small and medium-sized companies is about the investment of resources in innovation activities and their success. Therefore, this article analyzes the influence of different innovation activities performed by small and medium-sized enterprises (SMEs) of the Colombian Caribbean region on their product innovation outcomes and thereby provides a solid groundwork for the design of innovation strategies. To achieve this objective, a data collection instrument was first validated in 56 SMEs, followed by the application of a reflective measurement model with convergent validity analysis. The results of the model application revealed that investment in Research and Development (R&D) and innovation, knowledge transfer, technology adoption, and financial aspects explain to a greater extent the introduction of new products to the market.

Creating Sustainable Innovation Performance: A Systematic Review and Bibliometric Analysis

“…Ref. [46] confirms a positive correlation between product innovation development activities and the level of successfully implemented innovations by companies. The systematic process of identifying and exploring misalignments at each stage of product development has been proven to enhance the innovation capacity of products.…”

“…In the research by [46], there is confirmation of a positive correlation between product innovation development activities and the level of successfully implemented innovations by companies. The higher the organization's intensity in executing research and experi-mentation activities to create new flagship products, the greater their chances of success in marketing the latest products.…”

From environmental sustainability practices to green innovations: Evidence from small and medium‐sized manufacturing companies

“…A green process innovation (GPrI) consists of developing or modifying a production process, in operational and management terms, to make it environmentally sustainable (Amores-Salvad o et al, 2014;Li et al, 2017;Wang, Li, et al, 2021). Thus, process innovation is essential in product innovation (Chang-Muñoz et al, 2023;Lager & Simms, 2023;Xie et al, 2019). The production processes are one of the central elements of manufacturing industries.…”