Interactive and synergistic relationships among different types of innovations |
| |
Affiliation: | 1. Korea University Business School, Korea University, Seoul, 02841, South Korea;2. College of Business Administration, University of Seoul, Seoul, 02504, South Korea |
| |
Abstract: | The coronavirus (COVID-19) pandemic has not only led to rapid innovation but also shortened the innovation cycle. By comparing the manufacturing and service industries, this study investigated the controversial relationship between product and process innovation from a long-term perspective and examined the synergistic effects of diverse types of innovation on firm performance. Recent five-year Korean Innovation Survey data showed that product and process innovation had interrelationships rather than a one-way sequential relationship. Furthermore, the four different innovation activities have synergistic effects on the firms’ financial performance. |
| |
Keywords: | Innovation Interactive and synergistic relationships Firm performance |
本文献已被 ScienceDirect 等数据库收录! |
|