Research Article

Product Innovation Strategies: A Firm Level Analysis

Volume: 8 Number: 1 July 21, 2022
  • Cemil Faruk Durmaz *
  • Burcu Düzgün Öncel
TR EN

Product Innovation Strategies: A Firm Level Analysis

Abstract

In this study, we examine the association between firms’ innovation process and their product quality improvement and new product introduction strategies. Our focus is on the distinction between firms’ product quality improvement and variety extension objectives. We use data from Turkish Statistical Institute (TURKSTAT) Innovation Survey between the years 2014 and 2016. According to the descriptive results, number of firms report that product quality as very important is greater than the firms report that product variety. Logit estimations results show that majority of the product variety objective and technology level indicators are significant and positively related with probability of product innovation. There is also a positive relationship between probability of product innovation and patent applications for small and medium sized firms. Moreover, probability of innovation is positively related with variety objective whereas quality objective indicators are insignificant.

Keywords

References

  1. Aghion, P., & Peter, H. (1992). A model of growth through creative destruction. Econometrica, 60(2), 323–351.
  2. Bogliacino, F., & Pianta, M. (2016). The Pavitt Taxonomy, revisited: patterns of innovation in manufacturing and services. Economia Politica, 33(2), 153–180. [CrossRef]
  3. Cozzi, G., & Spinesi, L. (2006). How much Horizontal innovation is consistent with vertical innovation? Research in Economics, 60(1), 47–53. [CrossRef]
  4. Grossman, G. M., & Helpman, E. (1991). Quality ladders in the theory of growth. The Review of Economics Studies, 58(1), 43–61. [CrossRef]
  5. Gunday, G. Ulusoy, G. Kilic, K. Alpkan, L. (2011). Effects of innovation types on firm performance. International Journal of Production Economics, 133, 662–676. [CrossRef]
  6. Karabulut, A. T. (2015). Effects of innovation strategy on firm performance: A study conducted on manufacturing firms in Turkey. Procedia – Social and Behavioral Sciences, 195, 1338–1347. [CrossRef]
  7. Kim, Y., & Lui S. S. (2015). The impacts of external network and business group on innovation: Do the types of innovation matter? Journal of Business Research, 68(9), 1964–1973. [CrossRef]
  8. Klomp, L., & Van Leeuwen, G. (2001). Linking innovation and firm performance: A new approach. International Journal of the Economics of Business, 8(3), 343–364. [CrossRef]

Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Cemil Faruk Durmaz * This is me
0000-0002-2304-8870
Türkiye

Burcu Düzgün Öncel This is me
0000-0002-6834-7874
Türkiye

Publication Date

July 21, 2022

Submission Date

June 14, 2021

Acceptance Date

May 10, 2022

Published in Issue

Year 2022 Volume: 8 Number: 1

APA
Durmaz, C. F., & Düzgün Öncel, B. (2022). Product Innovation Strategies: A Firm Level Analysis. Yildiz Social Science Review, 8(1), 66-71. https://doi.org/10.51803/yssr.1146881
AMA
1.Durmaz CF, Düzgün Öncel B. Product Innovation Strategies: A Firm Level Analysis. YSSR. 2022;8(1):66-71. doi:10.51803/yssr.1146881
Chicago
Durmaz, Cemil Faruk, and Burcu Düzgün Öncel. 2022. “Product Innovation Strategies: A Firm Level Analysis”. Yildiz Social Science Review 8 (1): 66-71. https://doi.org/10.51803/yssr.1146881.
EndNote
Durmaz CF, Düzgün Öncel B (July 1, 2022) Product Innovation Strategies: A Firm Level Analysis. Yildiz Social Science Review 8 1 66–71.
IEEE
[1]C. F. Durmaz and B. Düzgün Öncel, “Product Innovation Strategies: A Firm Level Analysis”, YSSR, vol. 8, no. 1, pp. 66–71, July 2022, doi: 10.51803/yssr.1146881.
ISNAD
Durmaz, Cemil Faruk - Düzgün Öncel, Burcu. “Product Innovation Strategies: A Firm Level Analysis”. Yildiz Social Science Review 8/1 (July 1, 2022): 66-71. https://doi.org/10.51803/yssr.1146881.
JAMA
1.Durmaz CF, Düzgün Öncel B. Product Innovation Strategies: A Firm Level Analysis. YSSR. 2022;8:66–71.
MLA
Durmaz, Cemil Faruk, and Burcu Düzgün Öncel. “Product Innovation Strategies: A Firm Level Analysis”. Yildiz Social Science Review, vol. 8, no. 1, July 2022, pp. 66-71, doi:10.51803/yssr.1146881.
Vancouver
1.Cemil Faruk Durmaz, Burcu Düzgün Öncel. Product Innovation Strategies: A Firm Level Analysis. YSSR. 2022 Jul. 1;8(1):66-71. doi:10.51803/yssr.1146881