Managerial decisions for innovation strategy of firms: implications for country level innovation. (2018)

• Record Type: Journal Article
• Authors: Sengupta, Keya
• Is Part Of: International journal of business innovation and research. Volume 16:Number 2(2018)
• Page Start: 135
• Page End: 154
• Publication Date: 2018
• Subjects: economic growth -- management decisions -- innovation -- research and development -- R&D -- product process sophistication -- professional management; Management science -- Research -- Periodicals; Industrial management -- Technological innovations -- Periodicals; Industrial management -- Research -- Periodicals; 658.0072
• Languages: English
• ISSNs: 1751-0252

Abstract

There is an integral relationship between economic growth, competitiveness and innovation undertaken by a nation. Innovation lies at the root of growth and competitiveness of a nation. The study with the help of simple and multiple regression models highlights the importance of managerial decision making in determining which management activities should be concentrated upon for bringing the highest level of innovation by the firms. The findings reveal that it is not only the R&D investment but equally important is the product process sophistication and the professional management of the firms for determining the innovation. These motivating determinants of managerial decisions determine how innovative the country is in the global scenario.