TY - BOOK
T1 - Successful innovation
T2 - The determinants of commercialisation and break-even times of innovations
AU - Palmberg, Christopher
PY - 2002
Y1 - 2002
N2 - Successful innovation is typically defined at the firm
level where market shares, productivity, or profitability
is taken as an indicator of success. Nonetheless, firms
are simultaneously involved in many innovation
development projects with varying success. This paper
defines the success of innovations through the time taken
for the innovations to reach commercialisation and the
point of break-even, to investigate the relationships
between the sources and success of innovations. The paper
uses a database of Finnish innovations commercialised
during the 1980s and 1990s, and contributes to previous
research by covering a range of different types of
innovations from various industries, and by applying
econometric duration analysis. The results carry
implications for the management of innovation and the
design of policy from the viewpoint of trade-offs between
the timeliness, objective and outcomes of innovation.
AB - Successful innovation is typically defined at the firm
level where market shares, productivity, or profitability
is taken as an indicator of success. Nonetheless, firms
are simultaneously involved in many innovation
development projects with varying success. This paper
defines the success of innovations through the time taken
for the innovations to reach commercialisation and the
point of break-even, to investigate the relationships
between the sources and success of innovations. The paper
uses a database of Finnish innovations commercialised
during the 1980s and 1990s, and contributes to previous
research by covering a range of different types of
innovations from various industries, and by applying
econometric duration analysis. The results carry
implications for the management of innovation and the
design of policy from the viewpoint of trade-offs between
the timeliness, objective and outcomes of innovation.
KW - innovation sources
KW - successful innovation
KW - duration analysis
M3 - Report
SN - 951-38-6025-6
T3 - VTT Publications
BT - Successful innovation
PB - VTT Technical Research Centre of Finland
CY - Espoo
ER -
