Organizational Innovation and Value Creation in Small Technology-based Companies in Malaysia
DOI:
https://doi.org/10.11113/jt.v69.3238Keywords:
Organizational innovation, technology-based companies, value creationAbstract
This paper seeks to apply the resource-based view theory of organisational competitiveness based on in-depth interview, document review and observation of 13 small technology-based companies in Malaysia. Based on an exploratory study, the interplay of innovativeness and value creation as the main drivers of competitiveness within the perspective of time were studied. In addition, three types of value creation and the transition from compatitive advantage to comparative advantage were uncovered. To conclude, only a few companies were able to demonstrate capabilities to become global players in the near future. We propose that Malaysian companies embrace the concept of learning culture to be the driver for the attainment of high value added value creation and organization innovation.
References
Freeman, C. 1982. The Economics of Industrial Innovation. London, Frances Pinter.
Wolfe, R. A. 1994. Organisational Innovation: Review, Critique and Suggested Research Directions. Journal of Management Studies. 31(3): 405–431.
Jaskyte, K. 2011. Predictors of Administrative and Technological Innovations in Non-Profit Organizations. Public Administration Review. 71: 77–86. DOI: 10.1111/j.1540-6210.2010.02308.
EC. 1995. Green Paper on Innovation. European Commission, Directorate-General XIII/D.
Walker, R. M. 2005. Innovation and Organizational Performance: A Critical Review of the Evidence and a Research Agenda. Academy of Management Proceeding. B1–B6.
Carol, Y. L .& Mavis Y. C. 2007. Does Innovation Lead to Performance? An Empirical Study of SMEs in Taiwan. Management Research News. 30(2): 115–132.
Garcia, R. and Calantone, R. 2002. ‘A Critical Look at Technological Innovation Typology and Innovativeness Terminology: A Literature Review. The Journal of Product Innovation Management. 19(2): 110–32.
Cardinal, L. 2001. Technological Innovation in the Pharmaceutical Industry: The Use of Organizational Control in Managing Research and Development. Organization Science. 12(1): 19–36.
Ravichandran, T. 2000. Swiftness and Intensity of Administrative Innovation Adoption: An Empirical Study of TQM in Information Systems. Decision Sciences. 31(3): 691–724.
Turock, A. 2001. Strategic innovation. Executive Excellence. 19(9): 9–10.
O’Neill, H. M., Pouder, R. W. and Buchholtz, A. K. 1998. Patterns in the Diffusion of Strategies Across Organisations; Insights from the Innovation Diffusion Literature. Academy of Management Review. 23(1): 98–114.
King, N. 1990. Innovation at Work: The Research Literature. In West, M. A. and Farr, J. L. (Eds). Innovation and Creativity at Work. John Wiley & Sons, Chichester. 15–59.
Damanpour, F. and Evan, W. M. 1984. Organizational Innovation and Performance: The Problem of Organizational Lag. Administrative Science Quarterly. 29(3): 392–409.
Damanpour, F. 1991. Organizational Innovation: A Meta-analysis of Effects of Determinants and Moderators. Academy of Management Journal. 34(3): 555–90.
Li, H. and Atuagene-Gima, K. 2001. Product Innovation Strategy and the Performance of New Technology Ventures in China. Academy of Management Journal. 44(6): 1123–34.
Johannessen, J.-A., Olaisen, J. and Olsen, B. 2001. Mismanagement of Tacit Knowledge: The Importance of Tacit Knowledge, The Danger of Information Technology, and What to Do About It. International Journal of Information Management. 21: 3–20.
Trott, P. 1998. Innovation Management & New Prod-uct Development. Pearson Education, Harlow.
Markides, C. 1997. Strategic Innovation. Sloan Management Review. 38: 9–23.
Johnson, Mark W., Clayton M. Christensen, and Henning Kagermann. 2008. Reinventing Your Business Model. Harvard Business Review. 86(12).
Christensen, C.M., Bohmer, R., Kenagy, J. 2000. Will Disruptive Innovations Cure Health Care? Harv Bus Rev. 78: 102–12.
Christensen, P. R., J. L. Bandfield, M. D. Smith, V. E. Hamilton, R. N. Clark. 2000. Identification of a Basaltic Component on the Martian Surface from Thermal Emission Spectrometer data. J. Geophys. Res. 105: 9609–9621.
Johnson, P. T. J., Hartson, R. B., Larson, D. J. & Sutherland, D. R. 2008. Diversity and Disease: Community Structure Drives Parasite Transmission and Host ï¬tness. Ecol. Lett. 11: 1017–1026. (doi:10.1111/j.1461-0248.2008.01212.x).
Lisa O’Malley. 1998. Can Loyalty Schemes Really Build Loyalty. Marketing Intelligence & Planning. 16(1): 47–55.
Makadok, Richard. 2001. Toward a Synthesis of the Resource-Based and Dynamic Capability Views of Rent Creation. Strategic Management Journal. 22 (May): 387-401.
Hunt, Shelby D. and Robert M. Morgan. 1995. The Resource-Advantage Theory of Competition: A Review. In Review of Marketing Research, Naresh K. Malhotra, Ed. Vol. 1. Armonk, NY: M.E. Sharpe.
Wernerfelt, B. 1984. A Resource-based View of the Firm. Strategic Management Journal. 5(2): 171–180.
Dobni, C. 2010. Achieving Synergy Between Strategy and Innovation: the Key to Value Creation. Int. Journal of Business Science and Applied Management. 5(1).
Peteraf M. A. 1993. The Cornerstones Of Competitive Advantage: Aresource-Based View. Strategic Management Journal. 14. Website: https://faculty.fuqua.duke.edu/~moorman/GeneralMills/Section2/Section2Documents/Peteraf.pdf.
Lavie D. 2006. The Competitive Advantage Of Interconnected Firms: An Extension of the Resource-based View. Academy Of Management Review. 31(3): 638–658.
Grant, R. M. 1991. The Resource-based Theory of Competitive Advantage: Implications for Strategy Formulation. California Management Review. 33(3): 114–135.
Newbert, S. L. 2007. Empirical Research on the Resource-based View of The Firm: An Assessment and Suggestions for Future Research. Strategic Management Journal. 28(20): 121–146.
Ray, G., Barney, J. B., and Muhanna, W. A. 2004. Capabilities, Business Processes, and Competitive Advantage: Choosing the Dependent Variable in Resource-based View. Strategic Management Journal. 25: 23–37.
Wade, M. and Hulland, J. 2004 The Resource-Based View and information Systems Research: Review, Extension, and Suggestions for Future Research. MIS Quarterly. 28(1): 107–142.
Miles M. B. and Huberman, M. A. 1994. Qualitative Analysis: An Expanded Handbook. 2nd ed. Thousand Oaks, CA: Sage.
Downloads
Published
Issue
Section
License
Copyright of articles that appear in Jurnal Teknologi belongs exclusively to Penerbit Universiti Teknologi Malaysia (Penerbit UTM Press). This copyright covers the rights to reproduce the article, including reprints, electronic reproductions, or any other reproductions of similar nature.
