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Enhancing Firm Performance Through Adoption of Innovation: an Empirical Evidence from Indian Biotechnological Firms

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  • Aishwarya Narayan

    (RMIT University)

  • Sumukh Hungund

    (Manipal Institute of Technology, Manipal Academy of Higher Education)

Abstract

This paper explores the influence of innovation approaches on innovation performance and firm performance among Indian biotechnology firms. Further, it aims to discuss the interceding role of innovation performance between innovation practices and firm performance. A criteria-based snowball sampling method was adopted for data collection. The collection of data was carried out using a web survey from 200 biotechnology firms located across India. The data is analysed using a covariance-based structural equation modelling (SEM) technique. The results indicate that the adoption of innovation practices positively influences the firms’ innovation and overall performance. Furthermore, the results confirm the mediating role of innovation performance between innovation approach adoption and firm performance. Firms, particularly from the biotechnology industry, can use these results to assess their performance and formulate or modify their strategy to improve their innovation and overall performance.

Suggested Citation

  • Aishwarya Narayan & Sumukh Hungund, 2022. "Enhancing Firm Performance Through Adoption of Innovation: an Empirical Evidence from Indian Biotechnological Firms," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(3), pages 2431-2456, September.
    • Handle: RePEc:spr:jknowl:v:13:y:2022:i:3:d:10.1007_s13132-021-00821-x
    DOI: 10.1007/s13132-021-00821-x
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    Cited by:

    1. Qiaohong Pan & Wenping Luo & Benjamin Ohene Kwapong Baffoe, 2024. "The Impact of Control and Innovation Capabilities on Performance in a Platform Ecosystem: An Assessment of Chinese Firms," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 12783-12808, September.
    2. Ehsan Namdar Joyami & Nour Mohammad Yaghoubi & Seyed AliGholi Rowshan, 2024. "Quality Management and Environmental Management: Role of Knowledge Transfer and Organizational Innovation in Knowledge-Based Firms," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 8457-8494, June.
    3. Heira Georgina Valdez Bocanegra, 2024. "Supply Chain Management and Innovation Practices as Core Strategies for Business Competitiveness and Performance," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 14(4), pages 1-3.

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