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Towards Balancing Innovation and Imitation Practices in the Value Creation Process

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  • Najda-Janoszka, Marta

Abstract

Numerous studies challenge the ultimately advantageous position of innovators and indicate that imitation, in the whole spectrum of its diverse forms, generates a considerable potential for enhancing the competitiveness of the followers and shaping the path for effective surpassing the innovators. The emerging literature suggest strategic integration of innovative and imitative practices in order to achieve above average profits. Therefore, in this article imitation is considered on par with innovation as an alternative strategic option for successful business performance. The article presents the fundamental conditions affecting the managerial decision on the model of value creation for particular project or its modules

Suggested Citation

  • Najda-Janoszka, Marta, 2013. "Towards Balancing Innovation and Imitation Practices in the Value Creation Process," MPRA Paper 58609, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:58609
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    References listed on IDEAS

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    1. Mansfield, Edwin, 1985. "How Rapidly Does New Industrial Technology Leak Out?," Journal of Industrial Economics, Wiley Blackwell, vol. 34(2), pages 217-223, December.
    2. Olga Slivko & Bernd Theilen, 2014. "Innovation or imitation? The effect of spillovers and competitive pressure on firms’ R&D strategy choice," Journal of Economics, Springer, vol. 112(3), pages 253-282, July.
    3. Najda-Janoszka, Marta, 2011. "Zatrzymywanie Wartości W Sieciach Kooperacyjnych Przedsiębiorstw [Value Appropriation in Cooperative Networks]," MPRA Paper 42582, University Library of Munich, Germany.
    4. Hagedoorn, John, 1996. "Innovation and Entrepreneurship: Schumpeter Revisited," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 5(3), pages 883-896.
    5. Jan Fagerberg & Manuel Godinho, 2003. "Innovation and catching-up," Working Papers 24, Centre for Technology, Innovation and Culture, University of Oslo.
    6. Marta Najda-Janoszka, 2012. "Matching Imitative Activity of High-Tech Firms with Entrepreneurial Orientation," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 8(1), pages 52-67.
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    More about this item

    Keywords

    innovation; imitation; value creation process;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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