IDEAS home Printed from https://ideas.repec.org/a/but/manage/v32y2020i1p34-41.html
   My bibliography  Save this article

The concept of innovation with some insights from resource-based view and evolutionary theory

Author

Listed:
  • Radu Herman

    (Faculty of Business and Administration, University of Bucharest, Romania)

  • Cornelia Nistor

    (Faculty of Business and Administration, University of Bucharest, Romania)

Abstract

The aim of this paper is to present some approaches to study innovative activities from the company’s perspective with a focus on resource-based view and evolutionary theory. In the resource-based approach, companies develop competitive advantages through resources and innovations that are rare and difficult to imitate. The current economic environment is increasingly turbulent and companies are developing skills through human resources, technologies and Research & Development to cope with declining product cycles and faster technological changes. In evolutionary theory, innovations are heterogeneous and firms learn dynamically from interacting with other firms and technologies, from which incremental or radical innovations can emerge. After a new technology appears, the embedded part of the technology will be disseminated within the industry through some channels and the non-embedded part of the technology will accumulate some idiosyncratic knowledge within the innovative companies through the appropriation of knowledge and knowledge spillovers. There are two major trends in studies, some do not study the innovation per se but are oriented towards the transformations regarding the innovative strategies of the companies in different economic and social environments. The other trend of studies is oriented towards the innovation process itself which has evolved from a linear process of R&D-patent-innovation-market to one towards open-innovation in which the company interacts with other entities

Suggested Citation

  • Radu Herman & Cornelia Nistor, 2020. "The concept of innovation with some insights from resource-based view and evolutionary theory," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 32(1), pages 34-41, December.
    • Handle: RePEc:but:manage:v:32:y:2020:i:1:p:34-41
    as

    Download full text from publisher

    File URL: https://manager.faa.ro/archive/manager_32/m_32_34_41.pdf
    Download Restriction: no
    File URL: https://manager.faa.ro/archive/manager_32/m_32_34_41.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Martínez-Sánchez, Angel & Vicente-Oliva, Silvia & Pérez-Pérez, Manuela, 2020. "The relationship between R&D, the absorptive capacity of knowledge, human resource flexibility and innovation: Mediator effects on industrial firms," Journal of Business Research, Elsevier, vol. 118(C), pages 431-440.
    2. Dirk Meissner & Maxim Kotsemir, 2016. "Conceptualizing the innovation process towards the ‘active innovation paradigm’—trends and outlook," Journal of Innovation and Entrepreneurship, Springer, vol. 5(1), pages 1-18, December.
    3. Stefano Brusoni & Elena Cefis & Luigi Orsenigo, 2006. "Innovate or Die? A critical review of the literature on innovation and performance," KITeS Working Papers 179, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Sep 2006.
    4. Cirera,Xavier & Muzi,Silvia, 2016. "Measuring firm-level innovation using short questionnaires : evidence from an experiment," Policy Research Working Paper Series 7696, The World Bank.
    5. Cirera, Xavier & Muzi, Silvia, 2020. "Measuring innovation using firm-level surveys: Evidence from developing countries✰," Research Policy, Elsevier, vol. 49(3).
    6. Franco Malerba & Maureen McKelvey, 2020. "Knowledge-intensive innovative entrepreneurship integrating Schumpeter, evolutionary economics, and innovation systems," Small Business Economics, Springer, vol. 54(2), pages 503-522, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Skare, Marinko & Soriano, Domingo Riberio, 2021. "Technological and knowledge diffusion link: An international perspective 1870–2019," Technology in Society, Elsevier, vol. 66(C).
    2. Ceccagnoli, Marco & Lee, You-Na & Walsh, John P., 2024. "Reaching beyond low-hanging fruit: Basic research and innovativeness," Research Policy, Elsevier, vol. 53(1).
    3. Shyaam Ramkumar, 2020. "Influence of Inter-Firm Network Relationships on Circular Economy Eco-Innovation Adoption," Sustainability, MDPI, vol. 12(18), pages 1-22, September.
    4. Barasa, L. & Kinyanjui, B. & Knoben, Joris & Kimuyu, P. & Vermeulen, P.A.M., 2016. "Export and Innovation in Sub-Saharan Africa," Other publications TiSEM 5243a1d6-7a6a-4871-b4f2-7, Tilburg University, School of Economics and Management.
    5. D'Al, Francesco & Santarelli, Enrico & Vivarelli, Marco, 2024. "The KSTE+I approach and the advent of AI technologies: evidence from the European regions," GLO Discussion Paper Series 1473, Global Labor Organization (GLO).
    6. Morris, Diego M., 2018. "Innovation and productivity among heterogeneous firms," Research Policy, Elsevier, vol. 47(10), pages 1918-1932.
    7. Thorsten Lammers & Dilek Cetindamar & Maren Borkert, 2021. "A Digital Tale of Two Cities—Observing the Dynamics of the Artificial Intelligence Ecosystems in Berlin and Sydney," Sustainability, MDPI, vol. 13(19), pages 1-19, September.
    8. Martijn J. Smit & Maria A. Abreu & Henri L.F. Groot, 2015. "Micro-evidence on the determinants of innovation in the Netherlands: The relative importance of absorptive capacity and agglomeration externalities," Papers in Regional Science, Wiley Blackwell, vol. 94(2), pages 249-272, June.
    9. Afrifa, Godfred Adjapong & Tingbani, Ishmael & Yamoah, Fred & Appiah, Gloria, 2020. "Innovation input, governance and climate change: Evidence from emerging countries," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    10. Dustin T. G. RODRIGUEZ, 2016. "Returns to Education of Colombian Economists: Analysis from the Theory of Human Capital (2009-2013)," Journal of Economic and Social Thought, KSP Journals, vol. 3(1), pages 139-149, March.
    11. Fernandes, Kiran Jude & Milewski, Simon & Chaudhuri, Atanu & Xiong, Yu, 2022. "Contextualising the role of external partnerships to innovate the core and enabling processes of an organisation: A resource and knowledge-based view," Journal of Business Research, Elsevier, vol. 144(C), pages 146-162.
    12. Martijn J. Smit, 2017. "Innovation through new blood," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 58(3), pages 543-578, May.
    13. Williams, Christopher & Tesfaye Hailemariam, Atsede & Allard, Gayle, 2022. "Exploring entrepreneurial innovation in Ethiopia," Research Policy, Elsevier, vol. 51(10).
    14. Viktor Květoň & Josef Novotný & Jiří Blažek & David Marek, 2022. "The role of geographic and cognitive proximity in knowledge networks: The case of joint R&D projects," Papers in Regional Science, Wiley Blackwell, vol. 101(2), pages 351-372, April.
    15. Sergey M. Aseev & Masakazu Katsumoto, 2020. "On Optimal Leader’s Investments Strategy in a Cyclic Model of Innovation Race with Random Inventions Times," Games, MDPI, vol. 11(4), pages 1-21, November.
    16. Tilman Reinhardt, 2023. "The farm to fork strategy and the digital transformation of the agrifood sector—An assessment from the perspective of innovation systems," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(2), pages 819-838, June.
    17. Liu, Jiali & Zhou, Haibo & Chen, Feng & Yu, Jiang, 2022. "The coevolution of innovation ecosystems and the strategic growth paths of knowledge-intensive enterprises: The case of China’s integrated circuit design industry," Journal of Business Research, Elsevier, vol. 144(C), pages 428-439.
    18. Qazi Muhammad Moinuddin & Pir Irfanullah Shah Rashdi & Arabella Bhutto, 2010. "Innovations In Nanotechnology Organizations," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 7(04), pages 377-388.
    19. Pindado, Emilio & Sánchez, Mercedes & García Martínez, Marian, 2023. "Entrepreneurial innovativeness: When too little or too much agglomeration hurts," Research Policy, Elsevier, vol. 52(1).
    20. Laura Pütz & Sabrina Schell & Arndt Werner, 2023. "Openness to knowledge: does corporate social responsibility mediate the relationship between familiness and absorptive capacity?," Small Business Economics, Springer, vol. 60(4), pages 1449-1482, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:but:manage:v:32:y:2020:i:1:p:34-41. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cosmin Catalin Olteanu (email available below). General contact details of provider: https://edirc.repec.org/data/faaubro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.