The effects of innovation on firm performance of supporting industries in Hanoi – Vietnam
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hdl:2117/88993
Tipus de documentArticle
Data publicació2016-06
EditorOmnia Science
Condicions d'accésAccés obert
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continguts d'aquesta obra estan subjectes a la llicència de Creative Commons
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Reconeixement-NoComercial 3.0 Espanya
Abstract
Purpose: Innovation, including product, process, marketing, and organizational innovation
within a firm, is considered as one of essential component for surviving and growing. These
innovation activities create value and competitive advantages for successful organizations;
therefore, understanding the organization’s overall innovation is the first and foremost to
understand the role of innovation on firm performance. The objective of this research is to
explore two parts: the impacts of innovation on the different aspect of innovation performance,
then their effects to firm performance (production, market, and financial performance).
Design/methodology/approach: This study uses primary data from questionnaire survey. The
questionnaire involves 4 parts including general information, innovation activities; innovative
performance, and firm performance. This research focuses on firms in supporting industries of
mechanics, electronics, motorbike and automobile. These firms are in a list of companies (known
as The Excellent Vietnamese Companies in Northern and Central Vietnam) established by
JETRO and VCCI. There are 150 firms in this list. The questionnaire survey was administered to
directors, CEO of those firms during April and May, 2014. Out of the 150 questionnaires sent
out, 118 were valid, accounting for 78.7% of the true response rate. Analysis methodologies of
reliability, factor analysis and regression are utilized in this paper.
Findings: The result demonstrated there are positive effects of process, marketing, and
organizational innovations on firm performance in supporting firms. More specifically, the higher
the level of innovation activities is, the greater the innovative performance is, which means the
larger level of Process, organization and marketing innovation activities are, the higher level of
innovative performance are likely to be. Secondly, the higher level of Process, organization and
marketing innovative performance, the better level of firm performances is likely to be. To sum
up, in order to improve the innovative and firm performance, those firms in supporting industry
should highly concentrate on process, marketing, and organizational innovation activities, rather
than product innovation activities.
Originality/value: Initially, this study applies successfully the model which supposing
innovation is a process, then clarifying innovation definition through the impact of innovation
activities on innovative performances. Secondly, this research confirmed the positive impact of
innovative performances on firm performances. It provided one more empirical evidence of the
relationship between innovation and firm performance. For practitioners, organizational
innovation and process innovation are more important factors affecting innovative performance
and firm performance than product and marketing innovation. Therefore, enterprises should
focus and mobilize resources to create improvement in organizational structure and
manufacturing processes.
CitacióTuan, Nham [et al.]. The effects of innovation on firm performance of supporting industries in Hanoi – Vietnam. "Journal of Industrial Engineering and Management", Juny 2016, vol. 9, núm. 2, p. 413-431.
Dipòsit legalB-28744-2008
ISSN2013-0953
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