IDEAS home Printed from https://ideas.repec.org/a/wsi/ijimxx/v17y2013i03ns1363919613400148.html
   My bibliography  Save this article

Innovation Process, Decision-Making, Perceived Risks And Metrics: A Dynamics Test

Author

Listed:
  • GLENN BROPHEY

    (Nipissing University, 100 College Dr., North Bay, Ontario, P1B8L7, Canada)

  • ANAHITA BAREGHEH

    (Nipissing University, 100 College Dr., North Bay, Ontario, P1B8L7, Canada)

  • DAVID HEMSWORTH

    (Nipissing University, 100 College Dr., North Bay, Ontario, P1B8L7, Canada)

Abstract

Innovation processes result from a series of decisions and these are influenced by the perceived risks and success metrics faced by the decision-maker. Aiming to understand whether innovation risks and success metrics change during and between innovations, four hypotheses were developed and a questionnaire-based survey was adopted targeting managers of mechanically based manufacturers. Respondents were asked to indicate the importance of perceived risks throughout specific innovations for four domains of risk: marketing, technical, organizational and financial. Respondents were also asked to identify changes in type and magnitude of innovation risk and success metric. Descriptive and statistical tests were conducted to analyse the data. The results suggest that innovation risk changes in type and magnitude during and between innovations and success metrics change in type and magnitude during innovation. This study calls for situation specific research to provide helpful advice to practitioners.

Suggested Citation

  • Glenn Brophey & Anahita Baregheh & David Hemsworth, 2013. "Innovation Process, Decision-Making, Perceived Risks And Metrics: A Dynamics Test," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 17(03), pages 1-22.
    • Handle: RePEc:wsi:ijimxx:v:17:y:2013:i:03:n:s1363919613400148
    DOI: 10.1142/S1363919613400148
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S1363919613400148
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S1363919613400148?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Robbins Peter & O’Gorman Colm, 2016. "Innovation processes: do they help or hinder new product development outcomes in Irish SMEs?," The Irish Journal of Management, Sciendo, vol. 35(1), pages 88-103, April.
    2. Chris C. Gernreich & Sebastian Knop, 2019. "Empowering Creative Employees: Phase-Specific Support In The Front-End Of Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(08), pages 1-31, December.

    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:wsi:ijimxx:v:17:y:2013:i:03:n:s1363919613400148. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ijim/ijim.shtml .

    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.