Recently, there has been increasing attention on the speed versus quality paradox in operations and innovation management literature. This study examines the innovation speed-quality paradox on operational performance in small and medium-sized enterprises (SMEs) from high-tech industries. Specifically, we seek to understand how R&D investment with organizational risk influences the innovation speed-quality paradox and how this paradox further influences a firm's operational performance. Based on a panel data of 247 firms (1782 firm-year observations), the empirical results show that R&D investment positively affects innovation speed and quality, and organizational risk positively moderates the relationship between R&D investment and innovation quality. Also, both the innovation speed and quality are positively related to firm's operational performance, while the interaction of speed and quality is negatively related to firm's operational performance. The theoretical and practical implications of our research are also discussed.
Purpose
Developing multigenerational products through iteration helps enterprises cope with environmental uncertainty and maintain lasting competitive advantages in a globally competitive environment. From the knowledge integration perspective, this study aims explore how enterprises achieve multigenerational product innovation.
Design/methodology/approach
An exploratory case study design is used to explore the multigenerational product innovation process.
Findings
This study proposes a model of the multigenerational product innovation process and shows that knowledge integration includes two important parts: the internalization of external knowledge and intergenerational knowledge integration. This study further conclude that multigenerational innovation has three main channels: rapid iteration, continuous reflection and coordination.
Originality/value
First, this study presents a theoretical model of the process of multigenerational product innovation, including triggers, knowledge integration, learning systems and outcomes, and further enhances our understanding from product innovation to multigenerational product innovation. Second, this study contributes to the literature on the multigenerational product innovation process by revealing the knowledge integration process of the internalization of external knowledge and intergenerational knowledge integration.
Our study provides a new research perspective on firms’ recovery during the COVID-19 pandemic, i.e., can similar events experienced by firms in the past have an imprinting effect on the improvement of firm’s recovery? We focus on firms’ Severe Acute Respiratory Syndromes (SARS) imprints. Based on four quarters of panel data of Chinese A-share listed companies in 2020, our study finds that SARS imprints are positively related to firms’ recovery ability during the COVID-19 pandemic. Meanwhile, if the more severe the SARS pandemic experienced by a firm, the more significant the effect of SARS imprint on the firm’s recovery ability during the COVID-19 pandemic. In addition, the higher the level of digitization of firms during the COVID-19 pandemic, the more it contributed to the enhancing effect of the SARS seal on firm recovery. Our study makes an important theoretical contribution to the recovery literature as well as to imprinting theory, while providing practical guidance for improving the recovery of firms during the COVID-19 pandemic.
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