The relationship between favorable conditions for innovation in technology parks, the innovation produced, and companies’ performance

Abstract

Purpose Innovation is today considered a competitive differential for improving the performance of companies, and technology parks are seen as environments with favorable conditions for such innovation. The purpose of this study is to develop a framework for analyzing favorable conditions for innovation in technology parks, the innovations produced and organizational performance. Design/methodology/approach To this end, the authors conducted bibliographic research and in-depth interviews with managers of companies based at the Tecnopuc Science and Technology Park, and managers of the park itself, to establish practical support for previous theoretical findings. Findings As a result, a framework was developed to link the favorable conditions for innovation, and organizational performance. Research limitations/implications The analysis model proposed here synthesizes the contributions made by several scholars on the theme, allowing for a more detailed and integrated interpretation of the phenomenon, namely, the ways through which the effective development of innovation takes place in companies residing in technology parks and the contribution of innovation to the specific performance of companies. Practical implications The use of the proposed framework can help direct park managers’ action towards those relationships or activities that prove to be ineffective in achieving desired goals. Originality/value The use of the proposed model in empirical surveys will allow for better understanding of the phenomenon involving the features of technology parks and their effects on innovation and the performance of companies installed there, considering that such parks allow them to access resources with lower transaction costs.

A configurational approach to innovation performance: The role of creativity

“…Thus, in this study, we were able to measure this complex causality and analyze it in terms of sufficiency and necessity based on a small sample using the fsQCA methodology. Previous research has supported the importance of parks in favoring the development of innovation by companies (Bonacina Roldan et al, 2018;Figlioli and Porto, 2012;Kharabsheh, 2012;Moudi and Hajihosseini, 2011). 2011) means presence of the condition.…”

“…Specifically, the sample of companies used in this research belonged to a science and technology center and was characterized by high levels of innovation. The recipe that they followed, which can be used by companies who wish to innovate, is as follows: First, the relationship with other technology centers is the foremost component of the innovation recipe (Bonacina Roldan et al, 2018;Moudi and Hajihosseini, 2011;Vedovello et al, 2006). Openness to external sources allows firms to draw ideas from outsiders and deepen the pool of opportunities available to them (Albahari et al, 2017;Díez-Vial and Fern andez-Olmos, 2015;Díez-Vial and Montoro-S anchez, 2016;V asquez-Urriago et al, 2014).…”

Why choose technology parks for business location in Pakistan

“…On the contrary, users associate the TPs knowledge benefit only with information and training opportunities, suggesting that TPs should look beyond primary infrastructural support. The R&D facilities should also be their priority for mutual learning of tenant firms considering that it is vital for Pakistan because the digital entrepreneurial ecosystem is at a nascent stage, and collaboration for technological development and innovation is of utmost importance to compete at a global level (Roldan, Hansen, & Garcia-Perez-de-Lema, 2018).…”

Science Parks, talent attraction and stakeholder involvement: an international study

“…Studies of technologybased firms in high-technology sectors have observed substantial shortages of competent workers, which in turn undermines business growth and profitability (Sayer and Morgan 2018). Because most firms in Science Parks are technology-based and strongly dependent on access to qualified workers, researchers are beginning to focus on issues linked to the Science Parks that affect their ability to attract and develop customised talent solutions for their tenants (Bellavista and Sanz 2009;Bonacina Roldan et al 2018;Chen and Yu 2008).…”

“…Despite the popularity of Science Parks among researchers and the big interest in promoting entrepreneurship and regional development, very few papers have focussed on Science Park development the attraction of talent and the collaborations that occur regarding the talent attraction processes (Bellavista and Sanz 2009;Bonacina Roldan et al 2018). To our minds, the scarce knowledge in an area that has become of major import points to a clear knowledge gap.…”