An Examination of the Economic and Social Impacts of Corporate Innovation and Interventions
Keywords:
Innovative technologies, technological interventions, innovations, business environment, society and technology, policy institutions, multinational corporations, innovation
Abstract
There has been a major shift in the concept of innovation as one of the key factors of production, as a factor that drives and sustains a company's productivity and competitiveness, of innovation as a key factor of production. Despite the fact that the importance of innovation continues to grow, it is observed that existing studies have produced a variety of results regarding the factors that drive firm-level innovations, despite the increasing importance placed on innovation. Throughout the world, there are a number of factors that drive innovation in a company, whether it is in the service sector or in the manufacturing sector, and this study examines some of these factors. A number of research results suggest that certain aspects of the business environment, such as policy instability, legal institutions, corruption, and informal competition, have a negative impact on the introduction of non-technological innovations, as indicated in the research findings. Additionally, the results indicate that both technological and non-technological innovations are positively impacted by formal training, multinational technology companies, and research and development. These effects have both marginal and additional effects. The paper aims at providing practical implications for firm managers and policymakers around the world concerning how the business environment can be improved in order to make it more conducive to innovative activity at the firm level, thus making it a more conducive business environment for generating innovations at the firm level.
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2. Burgelman, Robert A. "Designs for corporate entrepreneurship in established firms." California management review 26.3 (1984): 154-166.
3. Baisya, Rajat K., and Siddhartha Paul Tiwari. "E-governance Challenges and Strategies for Better-managed Projects." Emerging Technologies in E-Government (2008): 203-208.
4. Baysinger, Barry, and Robert E. Hoskisson. "The composition of boards of directors and strategic control: Effects on corporate strategy." Academy of Management review 15, no. 1 (1990): 72-87.
5. Burchinal, Lee G. "The communications revolution: America's third century challenge." European Conference on Information Literacy (ECIL). 1976.
6. Connor, Denis J. "Network Distribution of Digital Television Signals." Digital Video Volume 3: 14th SMPTE Television Conference. SMPTE, 1980.
7. Douglas, David H. "Experiments to locate ridges and channels to create a new type of digital elevation model." Cartographica: The International Journal for Geographic Information and Geovisualization 23.4 (1986): 29-61.
8. Guth, William D., and Ari Ginsberg. "Guest editors' introduction: Corporate entrepreneurship." Strategic management journal (1990): 5-15.
9. Hepworth, Mark E. "Geography of the information economy." NETCOM: Réseaux, communication et territoires/Networks and communication studies 4.1 (1990): 266-267.
10. Jennings, Daniel F., and Dean M. Young. "An empirical comparison between objective and subjective measures of the product innovation domain of corporate entrepreneurship." Entrepreneurship Theory and Practice 15.1 (1990): 53-66..
11. Jennings, Daniel F., and James R. Lumpkin. "Functioning modeling corporate entrepreneurship: An empirical integrative analysis." Journal of management 15.3 (1989): 485-502.
12. Knight, Russell M. "Corporate innovation and entrepreneurship: A Canadian study." Journal of Product Innovation Management: An International Publication of the Product Development & Management Association 4.4 (1987): 284-297.
13. Kuratko, Donald F., Ray V. Montagno, and Jeffrey S. Hornsby. "Developing an intrapreneurial assessment instrument for an effective corporate entrepreneurial environment." Strategic management journal (1990): 49- 58.
14. MEHMOOD, FAHAD. "Business Models and Strategies of M-Commerce: A Review." The Journal of Internet Banking and Commerce 20, no. 1 (1970): 1-17.
15. Mansfield, Edwin. "Patents and innovation: an empirical study." Management science 32, no. 2 (1986): 173-181.
16. McElderry, Andrea. "Confucian capitalism? Corporate values in Republican banking." Modern China 12, no. 3 (1986): 401-416.
17. Quinn, James Brian. "Innovation and corporate strategy: Managed chaos." Technology in society 7.2-3 (1985): 263-279.
18. Schendel, Dan. "Introduction to the special issue on corporate entrepreneurship." Strategic Management Journal (1990): 1-3.
19. Sexton, Donald L., and Raymond W. Smilor. "The art and science of entrepreneurship." University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship (1986).
20. Tiwari, Siddhartha Paul. "Information and communication technology initiatives for knowledge sharing in agriculture." arXiv preprint arXiv:2202.08649 (2022).
21. Tiwari, Siddhartha Paul. "Organizational Competitiveness and Digital Governance Challenges." Archives of Business Research 10.3 (2022).
22. Tiwari, Siddhartha Paul. "Strengthening E-Commerce Product Launches-Improving Efficiencies from Development to Production." Project And Technology Management Foundation (A Non-Profit Organization) Member of Asia Pacific Federation of Project Management 1.2 (2015): 4-6.
23. Tiwari, Siddhartha Paul. "Emerging Technologies: Factors Influencing Knowledge Sharing." World Journal of Educational Research (2022).
24. Tiwari, Siddhartha Paul. "Re-emergence of Asia in the New Industrial Era." Technium Soc. Sci. J. 29 (2022): 471.
25. Tiwari, Siddhartha Paul. "Covid-19: Knowledge Development, Exchange, and Emerging Technologies." International Journal of Social Science Research and Review 5.5 (2022): 310-314.
26. Tiwari, Siddhartha Paul. "Knowledge Enhancement and Mobile Technology: Improving Effectiveness and Efficiency." arXiv preprint arXiv:2208.04706 (2022).
27. Tiwari, Siddhartha Paul. "Knowledge Management Strategies and Emerging Technologies--An Overview Of the Underpinning Concepts." arXiv preprint arXiv:2205.01100 (2022).
28. Tiwari, Siddhartha Paul. "Emerging trends in soybean industry." (2017).
29. Tiwari, Siddhartha Paul, and S. P. Tiwari. "Is export-oriented and currency dynamics-based Indian soybean revolution environment-friendly." Current Science 114.08 (2018): 1604-1605.
30. Tiwari, Siddhartha Paul, and Rajat K. Baisya. "E–governance and its impact on enterprise competitiveness: Trends, Status and Challenges." MDI, Gurgaon INDIA in Association with Australian Centre for Asian Business, University of South Australia, Adelaide, AUSTRALIA 1 (2014).
31. Tiwari, Siddhartha Paul. "The Potential Impact of COVID-19 on the Asian Rural Economy: A Study Based on Asian Countries." Journal of Education, Management and Development Studies 2.3 (2022): 1-7.
32. Tiwari, Siddhartha Paul. "Business: Innovation & Survival, by a Googler." (2015).
33. Tiwari, Siddhartha Paul. "Diversity and its importance in today’s corporate environment." (2015).
34. Tiwari, Siddhartha Paul. "Exploring the Linkage between a Successful Digital Campaign and Gaming." Casual Connect, Asia Pacific, Singapore 1.1 (2014): 5-6.
35. Tiwarim, Siddartha Paul. "Knowledge Enhancement and Understanding of Diversity." Technium Soc. Sci. J. 30 (2022): 159.
36. Tiwari, Siddhartha Paul. "Editorial: Project and Technology Management Foundation (PTMF) Newsletter (June, 2015)." (2015).
37. Tiwari, Siddhartha Paul. "Editorial: Project and Technology Management Foundation (PTMF) Newsletter (December, 2014)." (2014).
38. Tiwari, Siddhartha Paul. The Impact of New Technologies on Society: A Blueprint for the Future. Scholarly Publisher RS Global Sp. z OO, 2022.
39. Tiwari, Siddhartha Paul. "Knowledge Sharing and Content Creator Best Practices Online." (2015): 5-12. 40. Tiwari, Siddhartha Paul. “Workshop on Digital Marketing: Credit Course, IIM, Indore.” (2010): 1-24.
40. Tiwari, Siddhartha Paul. "External factors which shape and influence an organisation's operating environment." Syngenta Workshop on Social, economic, political, technological & environmental trends, Singapore 1.1 (2016): 1-5.
41. Tushman, Michael, and David Nadler. "Organizing for innovation." California management review 28.3 (1986): 74-92.
42. Wortman Jr, Max S. "Rural entrepreneurship research: An integration into the entrepreneurship field." Agribusiness 6.4 (1990): 329-344.
43. Yang, Meongcho. "Cartel Regulations in Korea-Comparative and International Aspects." Korean J. Comp. L. 13 (1985): 123.
44. Yoffie, David B., and Sigrid Bergenstein. "Creating political advantage: The rise of the corporate political entrepreneur." California management review 28.1 (1985): 124-139.
45. Yoffie, David B., and Helen V. Milner. "An alternative to free trade or protectionism: Why corporations seek strategic trade policy." California Management Review 31.4 (1989): 111-131.
46. Yoffie, David B. "The newly industrializing countries and the political economy of protectionism." International Studies Quarterly 25.4 (1981): 569-599.
47. Zhang, Jian, Xin Xuan, and Zheng Xu. "NRDC continues to thrive." (1971).
Published
2023-03-31
How to Cite
Maestracci, A. (2023). An Examination of the Economic and Social Impacts of Corporate Innovation and Interventions. International Journal on Economics, Finance and Sustainable Development, 5(3), 160-167. Retrieved from https://journals.researchparks.org/index.php/IJEFSD/article/view/4219
