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The impact of business strategies and business conditions on innovation

Manley, Karen & McFallan, Stephen (2005) The impact of business strategies and business conditions on innovation. In Creating an Entrepreneurial Nation: The Role of Enterprise and Innovation, International Research Conference, 7 – 8 July, 2005, University of Waikato, Hamilton, New Zealand.

Abstract

This paper focuses on the factors that drive innovation activity by businesses. A survey of over 200 businesses in the Queensland road and bridge industry was undertaken in 2002 and respondents were asked to rate the importance of key elements of business strategy to business success and to identify key elements of their business conditions. The results were then correlated with two measures of innovativeness. Exploratory tests indicated that the most important business strategies involve ‘investing in R&D’ and ‘protecting intellectual property’, while the most important business condition to innovation success is ‘obtaining high quality external technical support’. The conclusions stress the importance of building inter-organisational relationships and effective business networking. In future research, the results will be interpreted more widely, by undertaking a comprehensive integrative analysis of emerging academic literature.

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206 since deposited on 02 May 2007
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ID Code: 7303
Item Type: Conference Paper
Additional URLs:
Keywords: innovation, business strategies, business conditions, construction industry, business networking, industry relationships, CRC for Construction Innovation, Program A : Business and Industry Development, Project 2001-012-A : Innovation Potential, Directions and Implementation in the Building and Construction Product System BRITE
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Innovation and Technology Management (150307)
Divisions: Current > Research Centres > CRC Construction Innovation
Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Copyright Owner: Copyright 2004 Icon.Net Pty Ltd
Copyright Statement: The Participants of the CRC for Construction Innovation have delegated authority to the CEO of the CRC to give Participants permission to publish material created by the CRC for Construction Innovation. This delegation is contained in Clause 30 of the Agreement for the Establishment and Operation of the Cooperative Research Centre for Construction Innovation. The CEO of the CRC for Construction Innovation gives permission to the Queensland University of Technology to publish the papers/publications provided in the collection in QUT ePrints provided that the publications are published in full. Icon.Net Pty Ltd retains copyright to the publications. Any other usage is prohibited without the express permission of the CEO of the CRC. The CRC warrants that Icon.Net Pty Ltd holds copyright to all papers/reports/publications produced by the CRC for Construction Innovation.
Deposited On: 02 May 2007
Last Modified: 29 Feb 2012 23:11

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