Technological- and Non-Technological Innovation During the Growth Phase of Industry Life Cycle: An Evidence From Vietnamese Manufacturing Enterprises
| Autor: | Trinh-Hoang Hong-Hue, My-Linh Tran, Huy-Cuong Vo-Thai |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Industry life cycle
General Arts and Humanities Supply chain Growth phase Vietnamese 05 social sciences Social Sciences General Social Sciences Context (language use) Manufacturing enterprises language.human_language Competition (economics) AZ20-999 0502 economics and business language History of scholarship and learning. The humanities 050211 marketing Business 050203 business & management Industrial organization |
| Zdroj: | SAGE Open, Vol 11 (2021) |
| ISSN: | 2158-2440 |
| DOI: | 10.1177/21582440211032169 |
| Popis: | In the context of Industrial 4.0, Vietnam has emerged to play a critical role in the global supply chain while facing intense competition and fast changes. However, what drives manufacturing enterprises in Vietnam to innovate themselves and how well they perform in coping with business obstacle remains one of the central questions in the extent of studies. Therefore, this research primarily attempts to establish how innovation investment and obstacles affect technological and non-technological innovations, especially in the growth phase of the industry life cycle (ILC), with an analysis of available data obtained from the General Statistics Office of Vietnam and World Bank Enterprise Survey data with the use of descriptive statistics and regression analysis. The outcome of this article highlights that researchers and practitioners should consider the importance of the industry life cycle in the choice of technological or non-technological innovation through third significant contributions. First, the innovation investment is driven by R&D, and formal training enables both technological- and non-technological innovation. Second, the innovation obstacle related to finance, policy, competition, and regulation directly impacts the choice of innovation activities. Third, this study demonstrates that the firm’s engagement in technological- and non-technological innovation in line with innovation investment can help maintain successful post-innovation performance. |
| Databáze: | OpenAIRE |
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