Treble innovation firms: Antecedents, outcomes, and enhancing factors
Metadatos
Mostrar el registro completo del ítemEditorial
Elsevier
Materia
Ambidexterity Open innovation Servitization Resource-based view Manufacturing firms SMEs
Fecha
2022-10-18Referencia bibliográfica
Ferran Vendrell-Herrero... [et al.]. Treble innovation firms: Antecedents, outcomes, and enhancing factors, International Journal of Production Economics, Volume 255, 2023, 108682, ISSN 0925-5273, [https://doi.org/10.1016/j.ijpe.2022.108682]
Patrocinador
Spanish Government; Government of Andalusia A-SEJ-196-UGR20; Portuguese Foundation for Science and Technology; European Commission UID/ECO/00124/2013 LISBOA-01-0145FEDER007722; Social Sciences Data Lab 22209Resumen
Drawing on the interplay between strategic ambidexterity, resource-based view, and digital servitization, we
conceptualize how the rise of digitalization and service business models in industrial settings have materialized
in a distinctive category of innovation-oriented manufacturing firms, labeled as treble innovation firms. We
propose that said firms are characterized by simultaneously developing the three types of technological innovation
—process, product, and digital service. We use a random and representative survey of 423 Spanish
manufacturing firms to analyze antecedents, outcomes, and enhancers of digital service innovation adoption in
firms that already possess process and product innovations (i.e., dual innovation firms). We report several
findings. First, treble innovation firms epitomize the new norm (rather than the exception), representing 21.7%
of all manufacturing firms. Second, product leadership and open innovation breadth increase the probability that
dual innovation firms implement digital service innovation. Third, treble innovation firms achieve considerably
greater profit margins than dual innovation firms. Finally, treble innovation firms can enhance said profit
advantage by adopting resource retrenchment and value migration practices.