Impact of barriers on innovation outcomes: novelty as a contingent in the case of service and commerce sectors in Colombia

This article analyzes the impact of revealed barriers - those challenges faced by firms during their innovation endeavors - on the firms’ innovation outcomes. The central hypothesis of this study proposes that this impact varies depending on the level of novelty associated with the innovation developed. To accomplish this objective, probit regression models are employed using data sourced from the Sixth Survey of Innovation and Technological Development in the Service and Commerce Sectors (EDITS VI) conducted by the National Administrative Department of Statistics (DANE) of Colombia for the period 2016-2017. The obtained results demonstrate that innovation barriers exert distinct impacts on the attainment of innovations of varying degrees of novelty (radical innovation versus incremental innovation). Based on these findings, the discussion delves into recommendations for policy design and managerial implications.

• Autores: Manjarrés-Henriquez, Liney; Gomez-Posso, Carolina; Vega-Jurado, Jaider; Juliao-Rossi, Jorge
• Tipo de recurso: Article of investigation
• Fecha de publicación: 2024
• Institución: Corporación Universidad de la Costa
• Repositorio: REDICUC - Repositorio CUC
• Idioma: eng
• OAI Identifier: oai:repositorio.cuc.edu.co:11323/13925
• Acceso en línea: https://hdl.handle.net/11323/13925; https://repositorio.cuc.edu.co/
• Palabra clave: Innovation barriers; Revealed barriers; Radical innovation; Incremental innovation
• Rights: openAccess
• License: Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)