What is it about?
Knowledge relatedness is understood as the degree of similarity between a firm’s knowledge and that of its parent, i.e. the company that the entrepreneur leaves to establish his or her own firm. Innovation performance results from the competitive position that the company achieves through its management of new products and services on the market. This paper reports a positive and significant correlation between knowledge relatedness and innovation performance for a number of young firms.
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Why is it important?
The factors that determine business innovation performance can be grouped into three broad categories: contextual, organizational and personal (Crossan and Apaydin, 2010). There is evidence that many variables related to these categories affect innovation performance. However, understanding all of the factors that affect innovation performance, particularly if we refer to micro and small-sized businesses (which are the most numerous in most countries), remains an open question. Knowledge relatedness has not been studied as a possible determinant of innovation performance. We did it.
Perspectives
From the theoretical perspective, this article contributes to identifying possible factors that affect innovation performance. According to the literature, there are three broad categories of influential factors in innovation performance: contextual, organizational and personal (Crossan and Apaydin, 2010). Knowledge relatedness, as defined here, joins the list of factors of a personal nature that may affect innovation performance. Adding knowledge relatedness as a possible factor affecting innovation performance acquires more relevance in regard to small and medium-sized businesses.
Juan Carlos Leiva
Instituto Tecnólogico de Costa Rica
Read the Original
This page is a summary of: The influence of knowledge related to innovative performance, Journal of Economics Finance and Administrative Science, May 2018, Emerald,
DOI: 10.1108/jefas-11-2017-0106.
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