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Innovation Within The Firm: A Complicated Picture

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  • Elena Otilia CADAR
  • Daniel BADULESCU

Abstract

Nowadays, innovation has a particular relevance to all countries and firms, regardless of the level of development, dimension or performance achieved. Innovation defines the stages of development and success, especially in the creation and diffusion of technologies and workforce commitment; it ensures economic growth and the well-being of the individual, firms or economy. Understanding how companies integrate innovation into current actions and processes to ensure performance, but also the obstacles and lack of motivation for innovation are essential in managerial decisions, regardless of the size of the firm, the sector of activity or the technological endowment. The findings have shown that companies are struggling to adjust innovation efforts to business strategies, adopt technology as the benchmark for decisions, and market-mind new ideas, while also recognizing that technology is just as good as the people who use it, from employees to clients and partners. On the other hand, our research finds, on a significant panel of European countries, that the innovative process is often stuck in various obstacles or abandoned in a lack of motivation and interest, a fact that is difficult to explain and understand in a European Union concerned about the relaunch of innovation and, implicitly, the competitiveness of the economies of the Member States.

Suggested Citation

  • Elena Otilia CADAR & Daniel BADULESCU, 2018. "Innovation Within The Firm: A Complicated Picture," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(1), pages 213-222, November.
    • Handle: RePEc:rom:mancon:v:12:y:2018:i:1:p:213-222
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    References listed on IDEAS

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    1. Otilia Cadar & Daniel Badulescu, 2015. "Entrepreneur, Entrepreneurship And Intrapreneurship. A," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 658-664, December.
    2. Elena Otilia Cadar & Daniel Badulescu, 2017. "Innovation And Performance. An Analysis On European And Romanian Companies," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 59-71, July.
    3. Murphy, Gregory B. & Trailer, Jeff W. & Hill, Robert C., 1996. "Measuring performance in entrepreneurship research," Journal of Business Research, Elsevier, vol. 36(1), pages 15-23, May.
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    5. Diana Sava & Alina Badulescu, 2017. "The Creative Economy: Facts And Figures," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 127-135, December.
    6. Daiana-Maria Tont & Mihu-Dan Tont, 2016. "An Overview of Innovation Sources in SMEs," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 58-67, March.
    7. Ritter, Thomas & Gemunden, Hans Georg, 2004. "The impact of a company's business strategy on its technological competence, network competence and innovation success," Journal of Business Research, Elsevier, vol. 57(5), pages 548-556, May.
    8. Cadar, Otilia & Badulescu, Daniel, 2015. "Entrepreneur, Entrepreneurship and Intrapreneurship. A Literature Review," MPRA Paper 78871, University Library of Munich, Germany.
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    Cited by:

    1. Mariana SEHLEANU & Ramona SIMUT & Ciprian SIMUT, 2021. "Economic Growth And R&D Expenditure In Romania. An Empirical Research," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(1), pages 231-242, November.

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