Innovation management in the aeronautical sector: the 5F3D model

Abstract

The aeronautical sector is one of the most innovative sectors internationally due to the rigorous levels of safety and quality required of aircrafts. However, we currently have limited knowledge of how firms develop the innovation management processes. The present study proposes an innovation model to evaluate how the innovation is strategically managed through factors and determinants that enable the innovation processes in an aeronautical firm. Based on a case study to a relevant firm in the aeronautical sector, the results show the validity of the proposed model and evaluate the efficiency and robustness of the innovation management process in the aeronautical firm by means of the definition of three indexes. An index of innovation indicates the development of the innovation management process of the analyzed firm. A second index measures the maturity of the determinants that enables the innovation in the firm, and a third index measures the level of global maturity of the innovation process.

Ar-Ge Harcamalarinin Fi̇nansal Performansa Yansimasi: Havacilik Sektörü Örneği̇

“…These results show parallelism with the results of Chin and Tay (2001), Muramalla andAltamimi (2014), Huang (2021) studies investigating the relationship between the aviation sector and financial performance. In other respects, Hidalgo and Palomares (2022) are also consistent with the results of the studies by examining the relationship between the aviation industry and innovation, Jomo et al (2017). Apart from these studies, it also shows parallelism with the results of other studies in the literature (Freihat and Kanakriyah, 2017;Kılıç, 2020;Pham et al, 2021;Tung and Binh, 2021).…”

“…Surkova and Mazhaiskii (2021) investigated the determinants of financial performance in the aviation industry. As a result of the study, the authors determined that profitability and innovation factors were determinative on financial performance Hidalgo and Palomares (2022). proposed a model for innovation in the aviation industry.…”

Open Innovation: A Research Framework and Case Study of Huawei

“…Chesbrough and Bogers (2014) redefined OI as a distributed and across organizational boundaries innovation process based on purposively managed knowledge flows. The process applies pecuniary and nonpecuniary mechanisms based on the organization's business model (Hidalgo & Palomares, 2021;Ghafoor et al, 2022).…”