Product innovation and organizational performance: The manufacturing industry perspective
Keywords:
product innovation, organizational performance, perspectivesAbstract
The study on promoting innovation looked at product innovation and organizational performance drawing the manufacturing industry perspective. Two objectives were drawn for this with the process and promotional innovation and it affects organizational performance in firms. A sample of 124 was used for the study. The two hypotheses showed significant relationships. The paper concluded product innovation is essential and good to be presented in the market provided that the firm is capable of handling it very well. Similarly, recommendations were tailored in that direction of continuous improvement and processing to continue to remain in the market and enhance performance.
References
Abdul, G. A. & Aisha, J. (2015). Impact of Innovation on the Performance of Employees.
Industrial Engineering Letters,5(12), 1-10
Adeyeye, T. C. (2014).The impact of technological innovation on organisational performance.
Lagos, Mixon Publishers Ltd.
Barlow, J. (1999). From craft production to mass customization: Innovation requirements for the
UK house building industry. Housing Studies Journal, 14(1), 23-42.
Becker, S. O., & Egger, P. H. (2013). Endogenous product versus process innovation. Empir
Ecco (44), 329-354.
Belch, G. E. & Belch, M. E. (2007). Advertising and Promotion: An Integrated Marketing
Communication Perspective (4th ed). Mc Graw Hill.
Chagani, F. (1998). Postmodernism: Rearranging the Furniture of the Universe. Irreverence 1(3),
-3.
Cheng, C. C., Yang, C.-l., & Sheu, C. C. (2014). The link between eco-innovation and business
performance. Journal of Cleaner Production (64), 81-90.
Constanzo, L., Keasey, K. & Short, H. (1999). A strategic approach to the study of innovation in
the financial services industry: The case of telephone banking. Journal of Marketing Management, 19, Issue 3-4
Damanpour, F. (1996). Organizational complexity and innovation: developing and testing
multiple contingency models. Management Science. 42(5), 693-716
Doran, J., & Ryan, G. (2014). Eco-Innovation – does additional engagement lead to additional
rewards? International Journal of Social Economics, 41 (11), 1110-1130.
Eugene, O. (2016). Influence of Innovation Strategies on the Performance of Firms Listed in
Nairobi Securities Exchange, Kenya. Degree of Masters in Business Administration from Egerton University
Fowler, S.W., King, A., Marsh, S.J., &Victor, B. (2013). Approaches to measurement. Journal of
Cross-Cultural Psychology August 1, (44), 874-899.
Grint, K. & Woolgar, S. (1997). The Machine at Work - Technology, Work and
Organisation. Polity Press, Cambridge
Gunday, G. Ulusoy, G. Kilic, K & Alpkan L. (2011).Effects of Innovation Types on Firm
Performance. International Journal of Production Economics. 133, 662-676.
Haslam, N. O. (1998). Natural kinds, human kinds, and essentialism. Social Research 65(2),
-314.
Halila, F., & Rundquist, J. (2011). The development and market success of eco-innovations.
European Journal of Innovation Management, 14 (3), 278-302.
Hauser,s J., Tellis, G. J. & A. Griffin. (2006). Research on innovation: A review and agenda for
marketing science. Marketing Science, 25 (6): 687–717.
Hamel, G. (2003), “Innovation as a deep capacity”, Leader to Leader Institute, 27, 19-24.
Iraj H & Nebojsa S (2013). The impact of innovation activities on firm performance using a
multi-stage model, Product Innovation Journal.76-83.
Kotler, P. & Andreasen, A.R. (2006) Strategic Marketing for Non-profit Organizations (5th
in.).Pearson Education/Prentice-Hall, Upper Saddle River, New Jersey.
Kim, W.C., & Mauborgne, R. (1999). Strategy, value innovation, and the knowledge economy,
Sloan Management Review, 40(3), 41-54.
Lim, J.N, Schultmann, F. & Ofori, G. (2010). Tailoring Competitive Advantage Derived From
the Needs of Construction Firms. Journal of Construction Engineering and Management. 568 –580.
López-Mielgo, N., Montes-Peón, J.M., Vázquez-Ordás, C.J. (2009) „Are quality and innovation
management conflicting activities?‟ Technovation, 29 (8), 537-545.
Muchoki, E. (2013). The effect of product innovation on the financial performance of Mobile
Telephony firms in Kenya. Degree of Master of Business Administration, University of Nairobi
Oakland, M. (1999), Configurations revisited. Strategic Management Journal, 17(7), 505-512.
Odumeru, J.A. (2013), Innovation and Organisational Performance. Kuwait Chapter of Arabian
Journal of Business and Management Review, 2 (12), 18-22.
OECD, Paris OECD, Oslo Manual (2005). Proposed Guidelines for Collecting and Interpreting
Technological Innovation Data. Paris.
Ojo, U.S (2000). Marketing Principles: Owerri, Afr. Educ. Serv.
Onikoyi, I. A. (2017). Journal of Marketing and Consumer Research www. iiste.org ISSN 2422-
An International Peer-reviewed Journal 37, 2017
Parashar, M. & Singh, S.M. (2005). Innovation Capability, IIBM Management Review.115- 123.
Peterson, S. J., & Zhang, Z. (2011). Examining the relationships between top management team
psychological characteristics, transformational leadership, and business unit performance. In M. A. Carpenter (Ed.), Handbook of top management research (pp. 127-149). New York, NY: Edward Elgar.
Raynor, A., & Christensen, P. (2008). Alignment between product innovation and competitive
priorities, International Journal of Business Performance Management, 6(3/4), 287-297.
Reinganum, J. (1983). Uncertain innovation and the persistence of monopoly, American
Economic Review, 73(4), 741-748
Reinhilde, G. & Bruno, B. (1999). Perspectives on innovation technology. Cambridge, London
and N.Y.: Cambridge University Press
Rennings, K., Andreas, Z., Kathrine, A., & Esther, H. (2006). The Influence of Different
Characteristics of the EU Environmental Management and Auditing Scheme on Technical Environmental Innovations and Economic Performance. Ecological Economics, 57 (1), 45-59.
Robbins, S. P. & M. Coulter (2005). Management (8th ed.). Englewood Cliffs: Prentice
Hall.
Rogers, E. M. (1995). Diffusion of Innovations. (4th edition). The Free Press, New York.
Seng, L.K., Yusof, N. A & Abidin, N. Z (2011). Types of Innovation Implemented by Housing
Developer in Developing Countries. International Journal of Academic Research, (3), 614–618
Spann-Merchant, S. (1998). A Proposed Model of the Influence of Communication on the
Diffusion of Technological Innovations. Association for Information Systems – 1998 Americas Conference, Association for Information Systems, Baltimore, USA.
Teece, D.J., Pisano, G. & Shuen, A. (2007), ‘‘Dynamic capabilities and strategic management’’,
Strategic Management Journal, 18(7), 509-33.
Udegbe, S.E (2013), Impact of Product Development and Innovation on Organization
Performance, International Journal of Management and Sustainability.
United Nations Industrial Development Organisation (UNIDO) (2002). Innovative Technology
Transfer Framework Linked to Trade for UNIDO Action. UNIDO, Vienna.
Wirtz, H. (2010). Innovation Networks in Logistics –Management and Competitive Advantage.
International Journal of Innovation Science. 3(4), 177 –191
Yannele, W.T (2005). Marketing: Theory, Principles and Practice, London, Macmillan
Published
How to Cite
Issue
Section
Copyright (c) 2022 IGEMOHIA Fidelia, MORKA Ogor
This work is licensed under a Creative Commons Attribution 4.0 International License.
Allows users to: distribute and copy the article; create extracts, abstracts, and other revised versions, adaptations or derivative works of or from an article (such as a translation); include in a collective work (such as an anthology); and text or data mine the article. These uses are permitted even for commercial purposes, provided the user: gives appropriate credit to the author(s) (with a link to the formal publication through the relevant URL ID); includes a link to the license; indicates if changes were made; and does not represent the author(s) as endorsing the adaptation of the article or modify the article in such a way as to damage the authors' honor or reputation. CC BY
