Forsaking innovation: addressing failure and innovation behaviour variety. Issue 12 (2nd December 2019)

• Record Type: Journal Article
• Authors: Marzocchi, Chiara; Ramlogan, Ronnie
• Is Part Of: Technology analysis & strategic management. Volume 31:Issue 12(2019)
• Page Start: 1462
• Page End: 1473
• Publication Date: 2019-12-02
• Subjects: Innovation failure -- innovation behaviour -- innovation sources -- UK Innovation Survey; Technological innovations -- Management -- Periodicals; Research, Industrial -- Management -- Periodicals; High technology industries -- Management -- Periodicals; Strategic planning -- Periodicals; 658.401205
• DOI: 10.1080/09537325.2019.1628937
• Languages: English
• ISSNs: 0953-7325

Abstract

ABSTRACT: This paper analyses how innovation active firms respond when innovation projects fail or are abandoned. We regard innovation as a process where firms engage in a variety of behaviours combining internal and external characteristics including their propensity to cooperate, to compete, to engage in research and development activities as well as on the composition of their knowledge base. We compare how their aggregate innovation behaviour responds when failure is experienced. Using data from the UK innovation survey, our results first highlight that failure has an effect only on specific innovation strategies, and second, when failure occurs, it can either reinforce existing behaviours or reverse them.