The effects of internal and external innovation strategies on process innovation in Vietnamese firms
Purpose – This paper aims to investigate the antecedents of process innovation to provide more alternates for Vietnamese firms as they are still struggling to find an appropriate innovation strategy. Design/methodology/approach – The research analyzes the separate impacts of each innovation strategy...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2021-07-01
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| Series: | Asia Pacific Journal of Innovation and Entrepreneurship |
| Subjects: | |
| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/APJIE-08-2020-0134/full/pdf |
| _version_ | 1797791582761517056 |
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| author | Thuy Minh Thu Phung Dat Tho Tran Patrick Alexander Maria Vermeulen Joris Knoben |
| author_facet | Thuy Minh Thu Phung Dat Tho Tran Patrick Alexander Maria Vermeulen Joris Knoben |
| author_sort | Thuy Minh Thu Phung |
| collection | DOAJ |
| description | Purpose – This paper aims to investigate the antecedents of process innovation to provide more alternates for Vietnamese firms as they are still struggling to find an appropriate innovation strategy. Design/methodology/approach – The research analyzes the separate impacts of each innovation strategy on process innovation using logistic regression models. Data were collected using a stratified random sampling method. Findings – The results show that having an innovation strategy is good for innovation, regardless of whether the strategy is internal or external. Internal and external strategies are proved not complements but substitutes. However, the internal strategy seems to be most beneficial. Weak institutional settings further strengthen the importance of internal strategies, whereas strong institutional settings favor external strategies. Originality/value – This paper analyzes the impact of different innovation strategies on process innovation in Vietnamese firms using firm-level data. The findings strongly recommend that in weak institutional settings such as Vietnam, firms should focus on an internal strategy because the emphasis on external innovation strategies might be a western bias stemming from research in mostly strong institutional contexts. |
| first_indexed | 2024-03-13T02:20:55Z |
| format | Article |
| id | doaj.art-604c6493aa52483b8d02238b432245d2 |
| institution | Directory Open Access Journal |
| issn | 2071-1395 2398-7812 |
| language | English |
| last_indexed | 2024-03-13T02:20:55Z |
| publishDate | 2021-07-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Asia Pacific Journal of Innovation and Entrepreneurship |
| spelling | doaj.art-604c6493aa52483b8d02238b432245d22023-06-30T09:35:52ZengEmerald PublishingAsia Pacific Journal of Innovation and Entrepreneurship2071-13952398-78122021-07-01151263810.1108/APJIE-08-2020-0134The effects of internal and external innovation strategies on process innovation in Vietnamese firmsThuy Minh Thu Phung0Dat Tho Tran1Patrick Alexander Maria Vermeulen2Joris Knoben3Faculty of Management Science, National Economics University, Hanoi, VietnamVietnamese Center for Management, National Economics University, Hanoi, VietnamInstitute for Management Research, Radboud University, Nijmegen, The NetherlandsInstitute for Management Research, Radboud University, Nijmegen, The NetherlandsPurpose – This paper aims to investigate the antecedents of process innovation to provide more alternates for Vietnamese firms as they are still struggling to find an appropriate innovation strategy. Design/methodology/approach – The research analyzes the separate impacts of each innovation strategy on process innovation using logistic regression models. Data were collected using a stratified random sampling method. Findings – The results show that having an innovation strategy is good for innovation, regardless of whether the strategy is internal or external. Internal and external strategies are proved not complements but substitutes. However, the internal strategy seems to be most beneficial. Weak institutional settings further strengthen the importance of internal strategies, whereas strong institutional settings favor external strategies. Originality/value – This paper analyzes the impact of different innovation strategies on process innovation in Vietnamese firms using firm-level data. The findings strongly recommend that in weak institutional settings such as Vietnam, firms should focus on an internal strategy because the emphasis on external innovation strategies might be a western bias stemming from research in mostly strong institutional contexts.https://www.emerald.com/insight/content/doi/10.1108/APJIE-08-2020-0134/full/pdfVietnamInstitutional qualityProcess innovationInnovation strategiesFirm level |
| spellingShingle | Thuy Minh Thu Phung Dat Tho Tran Patrick Alexander Maria Vermeulen Joris Knoben The effects of internal and external innovation strategies on process innovation in Vietnamese firms Asia Pacific Journal of Innovation and Entrepreneurship Vietnam Institutional quality Process innovation Innovation strategies Firm level |
| title | The effects of internal and external innovation strategies on process innovation in Vietnamese firms |
| title_full | The effects of internal and external innovation strategies on process innovation in Vietnamese firms |
| title_fullStr | The effects of internal and external innovation strategies on process innovation in Vietnamese firms |
| title_full_unstemmed | The effects of internal and external innovation strategies on process innovation in Vietnamese firms |
| title_short | The effects of internal and external innovation strategies on process innovation in Vietnamese firms |
| title_sort | effects of internal and external innovation strategies on process innovation in vietnamese firms |
| topic | Vietnam Institutional quality Process innovation Innovation strategies Firm level |
| url | https://www.emerald.com/insight/content/doi/10.1108/APJIE-08-2020-0134/full/pdf |
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