{"title":"FIRM STRATEGY AND INNOVATION DYNAMICS: A CONCEPTUAL MODEL OF INNOVATION COMPETITION","authors":"Branko Ilič, Dana Mesner Andolšek","doi":"10.51936/TIP.58.1.136-159","DOIUrl":null,"url":null,"abstract":"Firms of different business strategy types reveal different behavioural patterns in their innovation and business performance while facing various difficulties as they seek to adapt to a turbulent competitive environment. Accordingly, we want to make progress by using the dynamic view, which follows the Schumpeterian perspective of firm behaviour through innovation (business) strategy. We advocate a dynamic approach to the strategic and behavioural patterns influencing business performance that is appropriate for small and mediumsized firms as well as giant corporations in highly competitive industries and catching-up economies. Thus, by combining different theoretical approaches we develop an alternative conceptual ‘cost-advantage leader-follower’ (CALF) model of innovation for when firms are developing cost-cutting process inventions.","PeriodicalId":78802,"journal":{"name":"Tip Fakultesi mecmuasi","volume":"34 1","pages":"136-159"},"PeriodicalIF":0.0000,"publicationDate":"2021-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Tip Fakultesi mecmuasi","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.51936/TIP.58.1.136-159","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
Firms of different business strategy types reveal different behavioural patterns in their innovation and business performance while facing various difficulties as they seek to adapt to a turbulent competitive environment. Accordingly, we want to make progress by using the dynamic view, which follows the Schumpeterian perspective of firm behaviour through innovation (business) strategy. We advocate a dynamic approach to the strategic and behavioural patterns influencing business performance that is appropriate for small and mediumsized firms as well as giant corporations in highly competitive industries and catching-up economies. Thus, by combining different theoretical approaches we develop an alternative conceptual ‘cost-advantage leader-follower’ (CALF) model of innovation for when firms are developing cost-cutting process inventions.
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