Measuring innovation in long product development cycle industries: an insight in biotechnology

6533b86cfe1ef96bd12c7f00

RESEARCH PRODUCT

Measuring innovation in long product development cycle industries: an insight in biotechnology

Ricardo Chiva Joaquin Alegre Rafael Lapiedra

subject

Knowledge creation Knowledge management business.industry Strategy and Management New product development Innovation management Context (language use)Business Management Science and Operations Research Construct (philosophy)Biotechnology Biotechnology industry

description

This paper examines and measures innovation in the context of biotechnology firms by analysing the link between R&D, innovation performance and organisational growth. We conceptualise innovation performance as a latent construct with two dimensions: innovation efficacy and innovation efficiency. We use structural equations modelling to test the hypotheses on a data set from the biotechnology industry. Results support our innovation performance conceptualisation which is found to be especially useful to measure innovation in industries with long product development cycles. Findings also underline the importance of R&D knowledge creation for biotechnology firms.

year	journal	country	edition	language
2009-05-01	Technology Analysis & Strategic Management

https://doi.org/10.1080/09537320902819247

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