TY - JOUR
T1 - Enhancing Firm Performance Through Adoption of Innovation
T2 - an Empirical Evidence from Indian Biotechnological Firms
AU - Narayan, Aishwarya
AU - Hungund, Sumukh
N1 - Publisher Copyright:
© 2021, The Author(s).
PY - 2022/9
Y1 - 2022/9
N2 - This paper explores the influence of innovation approaches on innovation performance and firm performance among Indian biotechnology firms. Further, it aims to discuss the interceding role of innovation performance between innovation practices and firm performance. A criteria-based snowball sampling method was adopted for data collection. The collection of data was carried out using a web survey from 200 biotechnology firms located across India. The data is analysed using a covariance-based structural equation modelling (SEM) technique. The results indicate that the adoption of innovation practices positively influences the firms’ innovation and overall performance. Furthermore, the results confirm the mediating role of innovation performance between innovation approach adoption and firm performance. Firms, particularly from the biotechnology industry, can use these results to assess their performance and formulate or modify their strategy to improve their innovation and overall performance.
AB - This paper explores the influence of innovation approaches on innovation performance and firm performance among Indian biotechnology firms. Further, it aims to discuss the interceding role of innovation performance between innovation practices and firm performance. A criteria-based snowball sampling method was adopted for data collection. The collection of data was carried out using a web survey from 200 biotechnology firms located across India. The data is analysed using a covariance-based structural equation modelling (SEM) technique. The results indicate that the adoption of innovation practices positively influences the firms’ innovation and overall performance. Furthermore, the results confirm the mediating role of innovation performance between innovation approach adoption and firm performance. Firms, particularly from the biotechnology industry, can use these results to assess their performance and formulate or modify their strategy to improve their innovation and overall performance.
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U2 - 10.1007/s13132-021-00821-x
DO - 10.1007/s13132-021-00821-x
M3 - Article
AN - SCOPUS:85132589378
SN - 1868-7865
VL - 13
SP - 2431
EP - 2456
JO - Journal of the Knowledge Economy
JF - Journal of the Knowledge Economy
IS - 3
ER -