An Innovation Capability Development Process for Firms in Developing Countries: A Theoretical Conceptual Model
Firms in developing nations possess low innovation capabilities due to the absence of an adequate conceptual model that consolidates the innovation capability development (ICD) constructs tailored to their needs. To describe the ICD in these firms, research findings should have consolidated both the...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Cognitione Foundation for the Dissemination of Knowledge and Science
2018-01-01
|
| Series: | Journal of Entrepreneurship, Management and Innovation |
| Subjects: | |
| Online Access: |
http://jemi.edu.pl/uploadedFiles/file/all-issues/vol14/issue3/JEMI_Vol14_Issue3_2018_Article4.pdf
|
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832543934402789376 |
|---|---|
| author | Gezahegn Tesfaye Daniel Kitaw |
| author_facet | Gezahegn Tesfaye Daniel Kitaw |
| author_sort | Gezahegn Tesfaye |
| collection | DOAJ |
| description | Firms in developing nations possess low innovation capabilities due to the absence of an adequate conceptual model that consolidates the innovation capability development (ICD) constructs tailored to their needs. To describe the ICD in these firms, research findings should have consolidated both the technical and financial aspects of innovation. However, they have provided only a little account of information on the ICD process via integrating the technical and financial aspects of innovation. The aim of this research is thus to develop a conceptual model of the ICD process which is highly valuable to firms in developing countries (FDC). Methodologically, this research is based on a broad literature review. Following this, two key findings were obtained. Firstly, three key constructs of ICD, namely knowledge accumulation, knowledge application and fund generation were identified. The first two constructs constitute the technical aspect and the third construct represents the financial aspect of innovation capability. Secondly, using these three key constructs, the research proposed a conceptual model that defines a process of ICD for the FDC. These findings imply that firms’ ICD effort can be better explained by integrating the technical and financial aspects of innovation. As far as our knowledge is concerned, this paper is unique regarding providing a detailed review and discussion regarding the ICD process for FDC. In conclusion, the model can place a great emphasis on the understanding of the key constructs and their relationships to enhance the attitudes and practices of firms to develop their innovation capability. |
| format | Article |
| id | doaj-art-902154b9cee543deb07646701eaf08de |
| institution | Kabale University |
| issn | 2299-7326 |
| language | English |
| publishDate | 2018-01-01 |
| publisher | Cognitione Foundation for the Dissemination of Knowledge and Science |
| record_format | Article |
| series | Journal of Entrepreneurship, Management and Innovation |
| spelling | doaj-art-902154b9cee543deb07646701eaf08de2025-02-03T11:20:29ZengCognitione Foundation for the Dissemination of Knowledge and ScienceJournal of Entrepreneurship, Management and Innovation2299-73262018-01-011438711010.7341/20181434An Innovation Capability Development Process for Firms in Developing Countries: A Theoretical Conceptual ModelGezahegn Tesfaye0Daniel Kitaw1 Addis Ababa University, Addis Ababa Institute of Technology, School of Mechanical and Industrial Engineering, Addis Ababa, Ethiopia Addis Ababa University, Addis Ababa Institute of Technology, School of Mechanical and Industrial Engineering, Addis Ababa, Ethiopia Firms in developing nations possess low innovation capabilities due to the absence of an adequate conceptual model that consolidates the innovation capability development (ICD) constructs tailored to their needs. To describe the ICD in these firms, research findings should have consolidated both the technical and financial aspects of innovation. However, they have provided only a little account of information on the ICD process via integrating the technical and financial aspects of innovation. The aim of this research is thus to develop a conceptual model of the ICD process which is highly valuable to firms in developing countries (FDC). Methodologically, this research is based on a broad literature review. Following this, two key findings were obtained. Firstly, three key constructs of ICD, namely knowledge accumulation, knowledge application and fund generation were identified. The first two constructs constitute the technical aspect and the third construct represents the financial aspect of innovation capability. Secondly, using these three key constructs, the research proposed a conceptual model that defines a process of ICD for the FDC. These findings imply that firms’ ICD effort can be better explained by integrating the technical and financial aspects of innovation. As far as our knowledge is concerned, this paper is unique regarding providing a detailed review and discussion regarding the ICD process for FDC. In conclusion, the model can place a great emphasis on the understanding of the key constructs and their relationships to enhance the attitudes and practices of firms to develop their innovation capability. http://jemi.edu.pl/uploadedFiles/file/all-issues/vol14/issue3/JEMI_Vol14_Issue3_2018_Article4.pdf innovation capabilityfirms in developing countries (FDC)technical aspectfinancial aspectconstructs of innovation capability |
| spellingShingle | Gezahegn Tesfaye Daniel Kitaw An Innovation Capability Development Process for Firms in Developing Countries: A Theoretical Conceptual Model Journal of Entrepreneurship, Management and Innovation innovation capability firms in developing countries (FDC) technical aspect financial aspect constructs of innovation capability |
| title | An Innovation Capability Development Process for Firms in Developing Countries: A Theoretical Conceptual Model |
| title_full | An Innovation Capability Development Process for Firms in Developing Countries: A Theoretical Conceptual Model |
| title_fullStr | An Innovation Capability Development Process for Firms in Developing Countries: A Theoretical Conceptual Model |
| title_full_unstemmed | An Innovation Capability Development Process for Firms in Developing Countries: A Theoretical Conceptual Model |
| title_short | An Innovation Capability Development Process for Firms in Developing Countries: A Theoretical Conceptual Model |
| title_sort | innovation capability development process for firms in developing countries a theoretical conceptual model |
| topic | innovation capability firms in developing countries (FDC) technical aspect financial aspect constructs of innovation capability |
| url |
http://jemi.edu.pl/uploadedFiles/file/all-issues/vol14/issue3/JEMI_Vol14_Issue3_2018_Article4.pdf
|
| work_keys_str_mv | AT gezahegntesfaye aninnovationcapabilitydevelopmentprocessforfirmsindevelopingcountriesatheoreticalconceptualmodel AT danielkitaw aninnovationcapabilitydevelopmentprocessforfirmsindevelopingcountriesatheoreticalconceptualmodel AT gezahegntesfaye innovationcapabilitydevelopmentprocessforfirmsindevelopingcountriesatheoreticalconceptualmodel AT danielkitaw innovationcapabilitydevelopmentprocessforfirmsindevelopingcountriesatheoreticalconceptualmodel |