Knowledge and Innovation Performance in Czech Firms: The Influence of Decision-Making Structure
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F23%3A39920893" target="_blank" >RIV/00216275:25410/23:39920893 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Knowledge and Innovation Performance in Czech Firms: The Influence of Decision-Making Structure
Original language description
There are plenty of factors that influence a company's innovation performance. They include, for example, the firm's strategy, organizational culture, size, and availability of resources. Besides these factors, a lot depends on the firm's leadership, attitude towards innovation, experience, and knowledge. The influence of external knowledge, like patents and inventions from other businesses, has been studied by researchers many times. However, previous scientific publications contain mixed evidence on the impact of external knowledge on a firm's innovation performance. Many of them defined separate factors, like innovation orientation or knowledge sources, as influential for the firm's innovativeness. However, not enough studies were made on firms' decision-making structure. Scholars suggested that decentralized companies are more likely to experiment in their innovation activities than centralized ones. We aim to determine the role of the decision-making structure in innovation performance by gaining external knowledge among firms in the Czech Republic. We contribute to the existing literature by distinguishing the firms by their legal statuses (sole proprietorship, partnership, shareholding company) and the presence/absence of a supervisory board. Our research is done by applying a quantitative method with empirical data. We use multiple linear regression and SPSS software to determine the influence of external knowledge acquisition and other related factors (R&D inside and outside the firm, age, size) on innovation performance, with decision-making structure indicators included. We divide innovations into process and product ones. The study uses the World Bank Enterprise Survey data for the Czech Republic. The results of this paper present important outcomes for practitioners. They will prompt more efficient innovation strategies for firms, depending on their management type.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 24th European Conference on Knowledge Management
ISBN
978-1-914587-73-3
ISSN
2048-8963
e-ISSN
2048-8971
Number of pages
8
Pages from-to
310-317
Publisher name
Academic Conferences International Limited
Place of publication
Sonning Common
Event location
Lisabon
Event date
Sep 7, 2023
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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