TY - JOUR
T1 - The relationships between firm's strategy, resources and innovation performance: Resources-based view perspective
AU - Laosirihongthong, Tritos
AU - Prajogo, Daniel Indarto
AU - Adebanjo, Dotun
PY - 2014
Y1 - 2014
N2 - Besides basic competitive priority (quality, cost, delivery and flexibility), innovation has been recognised as one of the primary sources of competitive advantage for manufacturing industry to compete in global markets. This paper, therefore, presents an empirical study on the relationship between firm strategy, resources and innovation performance. Drawing from the grounded theory of resource-based view, and using 218 responses from Thai production/operation managers, this paper shows that differentiation strategy had a positive relationship with both internal capital or internal resources (represented by knowledge and creativity management) and networks capital or external resources (represented by customer and supplier network). The findings also revealed that only internal capital had a positive effect on innovation performance. Finally, contributions to industry practitioner, academia and national agency in supporting and promoting innovation are presented.
AB - Besides basic competitive priority (quality, cost, delivery and flexibility), innovation has been recognised as one of the primary sources of competitive advantage for manufacturing industry to compete in global markets. This paper, therefore, presents an empirical study on the relationship between firm strategy, resources and innovation performance. Drawing from the grounded theory of resource-based view, and using 218 responses from Thai production/operation managers, this paper shows that differentiation strategy had a positive relationship with both internal capital or internal resources (represented by knowledge and creativity management) and networks capital or external resources (represented by customer and supplier network). The findings also revealed that only internal capital had a positive effect on innovation performance. Finally, contributions to industry practitioner, academia and national agency in supporting and promoting innovation are presented.
U2 - 10.1080/09537287.2013.819593
DO - 10.1080/09537287.2013.819593
M3 - Article
VL - 25
SP - 1231
EP - 1246
JO - Production Planning & Control
JF - Production Planning & Control
SN - 0953-7287
IS - 15
ER -