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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Innovation Management Processes and Routines for Business Success and Value Creation
Author(s)
Luís Vala
Renato Pereira
Isabel Caetano
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DOI:10.17265/2328-2185/2017.05.011
Affiliation(s)
Independent Researcher, Lisbon, Portugal
OBSERVARE/UAL, Lisbon, Portugal; ISCTE-IUL, Lisbon, Portugal
COTEC Portugal, Lisbon, Portugal; ISCTE-IUL, Lisbon, Portugal
ABSTRACT
Innovation is managed through
the development of processes and routines, considered as critical for business
success and value creation. The identification of relevant routines as well as
the understanding of which factors affect business innovation is the main
objective of this research, based on a survey applied in Portuguese companies
and their experience shared in best practices guides. Conclusions highlighted 10 key innovation
routines, reinforcing the idea that innovation must be supported through a systematic
and sustained management process. Results also indicate that SMEs face greater
difficulties in benefiting from the potential of innovation practices and
collaboration may present opportunities to overcome their limited resources.
Therefore, regardless of size, business activity, science and technology
intensity or other factors influencing firms dynamic capabilities, innovation
should be considered as a management imperative as it can influence not only the present but also the future of business success.
KEYWORDS
innovation management, innovation process, innovation routines, value creation, SMEs, Portugal
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