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A Business Perspective on Social Innovativeness: The Influence on Corporate Reputation and the Relationship with Product Innovativeness

Year 2021, Volume: 23 Issue: 2, 341 - 363, 30.11.2021

Abstract

Social innovation is built within a collaboration of different origin stakeholders like public sector, social sector, people, and private sector. In spite of the substantive studies in the literature for the point of view of the first three players, there seems to be a gap to represent the standing point of the companies within social innovation arena, their contributions and their expectations.
For profit companies deserve an important role in social innovation scheme with their capacity to offer sustainability and scalability to any project. On the other side, companies can enjoy benefits from a social innovation project as well. The study investigates one of these benefits, corporate reputation enhancement. The study also compares the impact of social innovativeness on corporate reputation to the impact of product innovativeness on corporate reputation, and analyzes the correlation between social innovativeness and product innovativeness within a company.
Taking the consumers as the stakeholder in question, the results show that the social innovativeness of a company will positively influence the corporate reputation, and this effect may even surpass the impact of the product innovativeness. Additionally, consumers correlate social innovativeness with product innovativeness, and it is foreseen that the companies having the ability to develop socially innovative projects are also innovative in developing new products or services.

References

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  • ELKINGTON, J. (1994). Towards the Sustainable Corporation: Win-Win-Win Business Strategies for Sustainable Development. California Management Review. 36(2), 90-100 .
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  • FALKENRECK, C., WAGNER, R. (2011). The Impact of Perceived Innovativeness on Maintaining a Buyer–Seller Relationship in Health Care Markets: A Cross-Cultural Study. Journal of Marketing Management. 27(3-4), 225-242.
  • FANG, E. (2008). Customer Participation and the Trade-Off Between New Product Innovativeness and Speed to Market. Journal of Marketing. 72(4), 90-104.
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  • LE BER, M. J., BRANZEI, O. (2010). (Re)Forming Strategic Cross-Sector Partnerships. Relational Processes of Social Innovation. Business and Society. 49(1), 140-172.
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İş Dünyası Açısından Sosyal Yenilikçilik; Kurumsal İtibar Üzerindeki Etkisi ve Ürün Yenilikçiliği ile İlişkisi

Year 2021, Volume: 23 Issue: 2, 341 - 363, 30.11.2021

Abstract

Sosyal yenilik, kamu sektörü, sosyal sektör, halk ve özel sektör gibi farklı kökenden paydaşların işbirliği içinde gerçekleştirilir. Literatürde, ilk üçünün bakış açısına yönelik önemli çalışmalar bulunmasına rağmen, firmaların sosyal yenilik alanındaki yeri, katkıları ve beklentileri konusunda boşluklar bulunmaktadır.
Kâr amaçlı şirketler, herhangi bir projeye sürdürülebilirlik ve ölçeklenebilirlik sunma kapasiteleri ile sosyal yenilik alanında önemli bir rolü hak etmektedir. Öte yandan, şirketler bir sosyal yenilik projesinden fayda da sağlayabilirler. Çalışmada, bu faydalardan biri olan kurumsal itibarın artırılması araştırılmış; sosyal yenilikçiliğin kurumsal itibar üzerindeki etkisi, ürün yenilikçiliğinin kurumsal itibar üzerindeki etkisiyle karşılaştırılmış ve sosyal yenilikçilik ile ürün yenilikçiliği arasındaki ilişki analiz edilmiştir.
Sonuçlara göre, tüketiciler açısından bakıldığında sosyal yenilikçilik firma kurumsal itibarını olumlu yönde etkilemekte, hatta bu etki ürün yenilikçiliğinden daha yüksek oranda gerçekleşebilmektedir. Ayrıca tüketiciler sosyal yenilikçiliği ürün yenilikçiliği ile ilişkilendirmekte, sosyal olarak yenilikçi projeler geliştirme yeteneğine sahip firmaların yeni ürün veya hizmetler geliştirmede de yenilikçi olduğunu öngörmektedir.

References

  • ABDULLAH, Z., ABDUL AZIZ. Y. (2013). Institutionalizing corporate social responsibility: effects on corporate reputation, culture, and legitimacy in Malaysia. Social Responsibility Journal. 9(3), 344-361.
  • BASDEO, D. K., SMITH, K. G., GRIMM, C. M., RINDOVA, V. P., DERFUS, P. J. (2006). The Impact of Market Actions on Firm Reputation. Strategic Management Journal. 27(12), 1205-1219.
  • BHATTACHARYA, C. B.,. SEN, S. (2004). Doing Better at Doing Good: When, Why, and How Consumers Respond to Corporate Social Initiatives. California Management Review. 47(1), 9-24.
  • BORZAGA, C., BODINI, R. (2014). What to Make of Social Innovation? Towards a Framework for Policy Development. Social Policy and Society. 13(3), 411-421.
  • BRAMMER, S. J., PAVELIN S. (2006). Corporate Reputation and Social Performance: The Importance of Fit. Journal of Management Studies. 43(3), 435-455.
  • CALANTONE, R. J., CHAN, K., CUI, A. S. (2006). Decomposing Product Innovativeness and Its Effects on New Product Success. Journal of Product Innovation Management. 23(5), 408-421.
  • DAHLSRUD, A. (2008). How Corporate Social Responsibility is Defined: an analysis of 37 definitions. Corporate Social Responsibility and Environmental Management. 15(1), 1-13.
  • DRUCKER, P. F. 1984. The Discipline of Innovation. Harvard Business Review. 63(3), 67-72.
  • ECCLES, R. G., NEWQUIST, S.C., SCHATZ, R. (2007). Reputation and Its Risks. Harvard Business Review. 85(2), 104-14.
  • ELKINGTON, J. (1994). Towards the Sustainable Corporation: Win-Win-Win Business Strategies for Sustainable Development. California Management Review. 36(2), 90-100 .
  • ELLIOTT, G. (2013). Character and Impact of Social Innovation in Higher Education. International Journal of Continuing Education and Lifelong Learning. 5(2), 71-84.
  • FALKENRECK, C., WAGNER, R. (2011). The Impact of Perceived Innovativeness on Maintaining a Buyer–Seller Relationship in Health Care Markets: A Cross-Cultural Study. Journal of Marketing Management. 27(3-4), 225-242.
  • FANG, E. (2008). Customer Participation and the Trade-Off Between New Product Innovativeness and Speed to Market. Journal of Marketing. 72(4), 90-104.
  • FOMBRUN, C. J., SHANLEY, M. (1990) What's In A Name? Reputation Building And Corporate Strategy. Academy of Management Journal. 33(2), 233-258.
  • GAINES-ROSS, L. (2010). Reputation Warfare. Harvard Business Review. 88(12), 70-76.
  • GARDBERG, N. A., FOMBRUN, C. J. (2002). The Global Reputation Quotient Project: First Steps towards a Cross-Nationally Valid Measure of Corporate Reputation. Corporate Reputation Review. 4(4), 303-307.
  • GOTSI, M., WILSON, A. M. (2001). Corporate reputation: seeking a definition. Corporate Communications: An International Journal. 6(1), 24-30.
  • GRIMM, R., FOX, C., BAINES, S., ALBERTSON, K.. (2013). Social innovation, an answer to contemporary societal challenges? Locating the concept in theory and practice. Innovation: The European Journal of Social Science Research. 26(4), 436-455.
  • HALAÇ, D. S., EREN, H., BULUT, Ç. (2014). Sosyal Yenilikçilik:Bir Ölçek Geliştirme Çalışması. H. U. İktisadi ve İdari Bilimler Fakültesi Dergisi. 32(1), 165-190.
  • HALME, M., LAURILA, J. (2009). Philanthropy, Integration or Innovation? Exploring the Financial and Societal Outcomes of Different Types of Corporate Responsibility. Journal of Business Ethics. 84(3), 325-339.
  • HENARD, D. H., DACIN, P. A. (2010). Reputation for Product Innovation: Its Impact on Consumers. Journal of Product Innovation Management. 27(3), 321-335.
  • HERRERA, M. E. B. (2015). Creating competitive advantage by institutionalizing corporate social innovation. Journal of Business Research. 68(7), 1468-1474.
  • HOEFFLER, S., KELLER, K. L. (2002). Building Brand Equity Through Corporate Societal Marketing. Journal of Public Policy & Marketing. 21(1), 78-89.
  • HULT, G. T. M., HURLEY, R. F., KNIGHT, G. A. (2004). Innovativeness: Its antecedents and impact on business performance. Industrial Marketing Management. 33(5), 429-438.
  • KANTER, R.M. (1999). From Spare Change To Real Change. Harvard Business Review. 77(3), 122-132.
  • KANTER, R.M. (2008). Transforming Giants. Harvard Business Review. 86(1), 43-52.
  • KANTER, R. M. (2011). How Great Companies Think Differently. Harvard Business Review. 89(11), 66-78.
  • KAYA, N., SEYREK, I. H. (2005). Performance Impacts of Strategic Orientations: Evidence from Turkish Manufacturing Firms. Journal of American Academy of Business. 6(1), 68-71.
  • KIM, H., HUR, W. M., YEO, J. (2015). Corporate Brand Trust as a Mediator in the Relationship between Consumer Perception of CSR, Corporate Hypocrisy, and Corporate Reputation. Sustainability. 7(4), 3683-3694.
  • KUNZ, W., SCHMITT, B., MEYER, A. (2011). How does perceived firm innovativeness affect the consumer?. Journal of Business Research. 64(8), 816-822.
  • LE BER, M. J., BRANZEI, O. (2010). (Re)Forming Strategic Cross-Sector Partnerships. Relational Processes of Social Innovation. Business and Society. 49(1), 140-172.
  • LEE, D. H., CHOI, S. B., KWAK, W. J. (2014). The Effects of Four Dimensions of Strategic Orientation on Firm Innovativeness and Performance in Emerging Market Small-and Medium-Size Enterprises. Emerging Markets Finance and Trade. 50(5), 78-96.
  • LUO, X., BHATTACHARYA, C.B.(2006). Corporate Social Responsibility, Customer Satisfaction, and Market Value. Journal of Marketing. 70(4), 1-18.
  • MACKENZIE, S. B., PODSAKOFF, P. M., & PODSAKOFF, N. P. (2011) Construct measurement and validation procedures in MIS and behavioral research: Integrating new and existing techniques. MIS Quarterly. 35(2), 293-334.
  • MANDELLI, A., MARI, A. (2012). The Relationship Between Social Media Conversations and Reputation During a Crisis: The Toyota Case. International Journal of Management Cases. 14(1), 456-489.
  • MCNALLY, R. C., ÇAVUŞGİL, E., CALANTONE, R. J. (2010). Product Innovativeness Dimensions and Their Relationships with Product Advantage, Product Financial Performance, and Project Protocol. Journal of Product Innovation Management. 27(7), 991-1006.
  • MENGÜÇ, B., AUH, S. (2006). Creating a Firm-Level Dynamic Capability through Capitalizing on Market Orientation and Innovativeness. Journal of the Academy of Marketing Science. 34(1), 63-73.
  • MERAL, A. B., BAŞ, M. (2013). Türkiye'de Faaliyet Gösteren GSM Operatörlerinin Hizmet Kalitesi Bakımından Karşılaştırılması ve Uygulanan Rekabet Stratejileri. Gazi Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 15(2), 41-70.
  • MULGAN, G. (2010). Measuring Social Value. Stanford Social Innovation Review. 8(3), 38-43.
  • MURPHY, M., ARENAS, D., BATISTA J. M. (2015). Value Creation in Cross-Sector Collaborations: The Roles of Experience and Alignment. Journal of Business Ethics. 130(1), 145-162.
  • MURPHY, M., PERROT, F., RIVERA-SANTOS. M. (2012). New perspectives on learning and innovation in cross-sector collaborations. Journal of Business Research. 65(12), 1700-1709.
  • NEVILLE, B. A., BELL, S. J., MENGÜÇ, B. (2005). Corporate reputation, stakeholders and the social performance-financial performance relationship. European Journal of Marketing. 39(9-10), 1184-1198.
  • OLSON, E. M., WALKER JR O. C., RUEKERT, R. W. (1995). Organizing for Effective New Product Development: The Moderating Role of Product Innovativeness. Journal of Marketing. 59(1), 48-62.
  • OU, W. M., SHIH, C. M., CHEN, C. Y., TSENG, C. W. (2012). Effects of ethical sales behaviour, expertise, corporate reputation, and performance on relationship quality and loyalty. The Service Industries Journal. 32(5),: 773-787.
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Details

Primary Language English
Journal Section Articles
Authors

Ayşe Mine Yurdagel 0000-0002-5270-294X

Azize Yalçın 0000-0002-9393-3090

Publication Date November 30, 2021
Submission Date July 31, 2021
Published in Issue Year 2021 Volume: 23 Issue: 2

Cite

APA Yurdagel, A. M., & Yalçın, A. (2021). A Business Perspective on Social Innovativeness: The Influence on Corporate Reputation and the Relationship with Product Innovativeness. Bilgi Sosyal Bilimler Dergisi, 23(2), 341-363.

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