How do employee training and knowledge stocks affect product innovation?

Caloghirou, Yannis; Giotopoulos, Ioannis; Korra, Efthymia; Τσακανίκας, Άγγελος

doi:10.1080/10438599.2017.1362796

Cited by 36 publications

(29 citation statements)

References 92 publications

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“…The idea contributes to the development of innovation-driven growth theory. Finally, different from prior studies that paid attention to the roles of knowledge stock or knowledge flow (Roper and Hewitt-Dundas, 2015;Caloghirou et al, 2018;Sung and Choi, 2018;Shi et al, 2020), this study assessed the effects of the knowledge base (depth and breadth). The ambidexterity theory would help us better understand the relationships between knowledge depth and breadth.…”

Section: Conclusion Implications and Limitations Conclusionmentioning

confidence: 99%

“…Knowledge is vital for innovation of the firm. First, knowledge stock, which is stored in the brain of talents, working systems, and organizational culture, etc., provides the sources of innovation ( Roper and Hewitt-Dundas, 2015 ; Caloghirou et al, 2018 ; Sung and Choi, 2018 ). Second, knowledge flow, which is driven by activities such as learning, sharing, and creation, enhances the capabilities of innovation ( Roper and Hewitt-Dundas, 2015 ; Sung and Choi, 2018 ; Shi et al, 2020 ).…”

Section: Literature Reviewmentioning

confidence: 99%

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Relationship Between Knowledge Base and Innovation-Driven Growth: Moderated by Organizational Character

Yan

2021

Front. Psychol.

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Purpose: On the background of innovation-driven growth strategy of the Chinese government, this study aims to explore the impact of the knowledge base on innovation-driven growth of a firm, which is moderated by organizational character.Design/methodology/approach: Based on the data of 965 Chinese listed companies, some hypotheses were tested using the method of hierarchical regression analysis.Findings: Organizational growth relies on both technological and business model innovations and their interactive effect. Knowledge base, both breadth and depth, makes a positive impact on the innovation-driven growth of an enterprise. In the impacting mechanism, an explicit organizational character not only has direct positive effects on business model innovation, it also strengthens the effect of knowledge breadth on business model innovation. On the contrary, an implicit organizational character is not significantly related to innovation.Research limitations/implications: In order to achieve growth, enterprises are suggested to adopt such dual innovation strategy, led by technological innovation and supplemented with business model innovation, which is supported by the integrated management of intangible resources, deep and broad knowledge, and explicit organizational character.Originality/value: A new theoretical framework of organizational innovation-driven growth was proposed. The realization paths of innovation-driven growth were explored. The idea of collaborative governance between the knowledge base and organizational character was raised.

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Section: Conclusion Implications and Limitations Conclusionmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Relationship Between Knowledge Base and Innovation-Driven Growth: Moderated by Organizational Character

Yan

2021

Front. Psychol.

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“…To create technological innovations, it is essential for business owners to have sufficient levels of knowledge and skills for SME innovation (Kaminski et al , 2008; Caloghirou et al , 2017) because of a minimum understanding of labor and business owners will hinder ideas to innovate in business (Hossain and Kauranen, 2016). These can be obtained through recruiting a high-quality workforce (Capozza and Divella, 2019) and providing education and training for workers and business owners (McGuirk et al , 2015).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Many SMEs today continue to face a number of barriers in attempting to improve business quality, one of which is the lack of skilled human resources. The problem is allegedly attributable to the lack of knowledge of the owners and workers regarding SMEs, especially their limited ability to innovate (Caloghirou et al , 2017), one of which is technological innovation. Whilst innovation is key to success in the face of competition, many of the companies are still not being innovative enough in their production, technology and marketing.…”

Section: Introductionmentioning

confidence: 99%

Barriers to technological innovations of SMEs: how to solve them?

Indrawati

Caska

Suarman

2020

IJIS

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Purpose This study aims to analyze the inhibiting factors of small and medium enterprises (SMEs’) technology innovation, supporting institutions for SMEs technology innovation development, SMEs’ technology innovation development model and strategies for developing SMEs in technology innovation. Design/methodology/approach This is a mixed-method research project conducted through a survey of SMEs in Riau Province, Sumatera Indonesia (primarily in the districts of Siak, Kampar and Pelalawan) from April to July 2019. SMEs that have been operating for at least five years were chosen purposively as samples. Based on the requirement, there are 277 entities used in this study. A focus group discussion (FGD) was also conducted to formulate SME models and development strategies in technological innovation. In addition, in-depth interviews and observations were also carried out on technological innovations undertaken by respondents. Findings It was found that there are five inhibiting factors of SMEs’ technology innovation: government support, quality of human resources, funding of technological innovation, economic conditions and business partners. The biggest inhibiting factor remains to be the funding of technological innovation. Therefore SMEs provide independent technological innovation costs to develop technological innovations for business sustainability. Supporting institutions for developing SME technology innovation consist of government institutions, private institutions, financial institutions (banks) and nonbank financial institutions. To survive and excel amid competition, SMEs need to pay attention to technological innovation. The business strategy that needs to be done is to improve services to consumers and improve their attitude toward innovation in the implementation and development of SMEs’ businesses. Research limitations/implications This research is limited to research on the inhibiting factors for SME technology innovation from the aspect of the production sector. This research has not studied various business fields in the trade, service and digital SME sectors. Future studies can reveal factors inhibiting SME technological innovation, except production aspects and various SME business fields. In addition, this study has not analyzed the cost of technological innovation provided by SMEs. Therefore, future studies could also reveal the large costs of technological innovation provided by SMEs. Originality/value This research investigates barriers hindering the SMEs’ technological innovations in Southeast Asia, including Indonesia as a maritime country. It also formulates strategies to reduce the barriers to SME’s technological innovation and contributes to the development of knowledge of technological innovations in SMEs. Moreover, this paper involves investigating government support from a nonfinancial aspect. To the best of the authors’ knowledge, this aspect has not been much discussed by studies on innovation at SMEs till now.

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“…González et al () confirm that R&D is more effective when firms also invest in worker training. Moreover, for some smaller firms, investing in workers’ skills (via training programs) boosts innovation even in the absence of R&D. Studies have also shown that on‐the‐job training improves innovation (Baldwin and Johnson ; Ballot et al ; Bauernschuster et al ; Caloghirou et al ). Hashimoto () also finds that the effective use of new technology is highly correlated with employee training in Japan.…”

Section: Literature Reviewmentioning

confidence: 99%

Do Foreign Mergers and Acquisitions Increase Acquired Firms’ Innovation? Evidence from Chinese Manufacturing Firms

Zhang

Deng

Tang³

2018

Australian Economic Review

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By merging China's manufacturing enterprise, patent and customs databases, we construct a sample of 27,130 firms from 2002-2007. Using Poisson fixed-effects regressions to control for firm and year heterogeneities and a host of control variables, we find that acquired firms of foreign mergers and acquisitions (FMA) apply for significantly more patents than their domestic counterparts in invention, utility model and design patents. Furthermore, FMA increases innovation through expanding firm size, exports and human capital formation. Wholly foreign-owned firms are more innovative than partially foreign-owned firms, and acquired firms in labour-intensive industries are more innovative than those in capitalintensive industries.

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How do employee training and knowledge stocks affect product innovation?

Cited by 36 publications

References 92 publications

Relationship Between Knowledge Base and Innovation-Driven Growth: Moderated by Organizational Character

Relationship Between Knowledge Base and Innovation-Driven Growth: Moderated by Organizational Character

Barriers to technological innovations of SMEs: how to solve them?

Do Foreign Mergers and Acquisitions Increase Acquired Firms’ Innovation? Evidence from Chinese Manufacturing Firms

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