Interactive and synergistic relationships among different types of innovations

Jeong Bin Whang; Woojung Chang; Jong Ho Lee

doi:10.1016/j.jretconser.2023.103422

Interactive and synergistic relationships among different types of innovations

Jeong Bin Whang, Woojung Chang, Jong Ho Lee

School of Business Administration

Korea University

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

Abstract

The coronavirus (COVID-19) pandemic has not only led to rapid innovation but also shortened the innovation cycle. By comparing the manufacturing and service industries, this study investigated the controversial relationship between product and process innovation from a long-term perspective and examined the synergistic effects of diverse types of innovation on firm performance. Recent five-year Korean Innovation Survey data showed that product and process innovation had interrelationships rather than a one-way sequential relationship. Furthermore, the four different innovation activities have synergistic effects on the firms’ financial performance.

Original language	English
Article number	103422
Journal	Journal of Retailing and Consumer Services
Volume	74
DOIs	https://doi.org/10.1016/j.jretconser.2023.103422
State	Published - Sep 2023

Keywords

Firm performance
Innovation
Interactive and synergistic relationships

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.jretconser.2023.103422

Cite this

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abstract = "The coronavirus (COVID-19) pandemic has not only led to rapid innovation but also shortened the innovation cycle. By comparing the manufacturing and service industries, this study investigated the controversial relationship between product and process innovation from a long-term perspective and examined the synergistic effects of diverse types of innovation on firm performance. Recent five-year Korean Innovation Survey data showed that product and process innovation had interrelationships rather than a one-way sequential relationship. Furthermore, the four different innovation activities have synergistic effects on the firms{\textquoteright} financial performance.",

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AB - The coronavirus (COVID-19) pandemic has not only led to rapid innovation but also shortened the innovation cycle. By comparing the manufacturing and service industries, this study investigated the controversial relationship between product and process innovation from a long-term perspective and examined the synergistic effects of diverse types of innovation on firm performance. Recent five-year Korean Innovation Survey data showed that product and process innovation had interrelationships rather than a one-way sequential relationship. Furthermore, the four different innovation activities have synergistic effects on the firms’ financial performance.

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ER -

Interactive and synergistic relationships among different types of innovations

Abstract

Keywords

UN SDGs

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