Innovation speed and radicalness: are they inversely related?

A. Banu Goktan (University of North Texas at Dallas, Dallas, Texas, USA)
Grant Miles (University of North Texas at Dallas, Dallas, Texas, USA)

Management Decision

ISSN: 0025-1747

Publication date: 3 May 2011

Abstract

Purpose

The objective in this study is to examine the relationship between innovation speed, and radical product and process innovations.

Design/methodology/approach

A survey of firms in the high‐tech (semiconductor, audio video equipment and computer hardware) industries was conducted. Hypotheses were tested using a hierarchical multiple regression analysis.

Findings

The results revealed a significant positive relationship between innovation speed and both radical product and radical process innovations. Radical product and process innovations were highly correlated in the sample.

Research limitations/implications

Response rate was relatively low to the survey, however, control variables were included to ensure accuracy of results. This study empirically tested inter‐innovation relationships within the high‐tech industry.

Practical implications

Findings suggest that firms should not avoid radical innovations with the fear of being late to market. In addition, based on these results, product and process innovations are closely linked to one another, and to innovation speed.

Originality/value

This is one of the few studies to examine inter‐innovation relationships at the firm level.

Keywords

Citation

Banu Goktan, A. and Miles, G. (2011), "Innovation speed and radicalness: are they inversely related?", Management Decision, Vol. 49 No. 4, pp. 533-547. https://doi.org/10.1108/00251741111126477

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Publisher

:

Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited

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