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Innovativeness In The Face Of Decline: Performance Implications

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  • ERIC HANSEN

    (Oregon State University, College of Forestry, 108 Richardson Hall, Corvallis, OR 97331, USA)

Abstract

The recent global recession has focused efforts towards better understanding of both firm response and the outcome of that response to recession, or decline. Past research suggests that firms either respond by being conservative, reducing costs, etc., or, they proactively try to innovate out of the decline. This work examines the various responses to decline with respect to firm innovativeness. Using data from US manufacturing firms, it is shown that innovativeness has important performance implications even in dire economic times. However, increasing innovativeness levels during decline is not shown to be superior to maintaining innovativeness. Findings provide limited evidence that decreasing innovativeness is not a desirable downturn strategy. Potential, practical, and theoretical implications of the findings are presented.

Suggested Citation

  • Eric Hansen, 2014. "Innovativeness In The Face Of Decline: Performance Implications," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 18(05), pages 1-20.
    • Handle: RePEc:wsi:ijimxx:v:18:y:2014:i:05:n:s136391961450039x
    DOI: 10.1142/S136391961450039X
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    Citations

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    Cited by:

    1. Jung, Hyejin & Hwang, JungTae & Kim, Byung-Keun, 2018. "Does R&D investment increase SME survival during a recession?," Technological Forecasting and Social Change, Elsevier, vol. 137(C), pages 190-198.
    2. Eric Hansen & Erlend Nybakk, 2018. "Response to the global financial crisis: a follow-up study," Journal of Innovation and Entrepreneurship, Springer, vol. 7(1), pages 1-12, December.
    3. Franziska Handrich & Sven Heidenreich & Tobias Kraemer, 2022. "Innovate or game over? Examining effects of product innovativeness on video game success," Electronic Markets, Springer;IIM University of St. Gallen, vol. 32(2), pages 987-1002, June.
    4. Ana Ferreira & Ana Lúcia Teixeira, 2016. "Intra- And Extra-Organisational Foundations Of Innovation Processes — The Information And Communication Technology Sector Under The Crisis In Portugal," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(06), pages 1-44, August.
    5. Katarzyna Kozioł-Nadolna, 2020. "The Role of a Leader in Stimulating Innovation in an Organization," Administrative Sciences, MDPI, vol. 10(3), pages 1-18, August.

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