InImpact: The Journal of Innovation Impact

Publisher Future Technology Press
Vol. 7 No. 2 KES Transactions on SDM I - Sustainable Design and Manufacturing 2014
Volume Editors KES International
Journal ISSN 2051-6002
 
Article TitleThe role of innovative management on firm performance
Primary AuthorYH Venus Lun, The Hong Kong Polytechnic University
Other Author(s) Quaddus Mohammed
Pages 1000 - 1012
Article ID sdm14-018
Publication Date 01-May-16
AbstractAbstract

Firm competes on capabilities. Capability governs firmís efficiency to produce desirable outcomes by using business practices as input. Capability can be classified into different categories. A previous research also proposes a time sequence of n + 1 value of a variable suffices to compute the value of nth order rate of change. In the context of the manufacturing industry, firm capability consists of functional-based capability reflects the ability to perform business to achieve its operational excellence or customer intimacy, network-based capability possesses the theme of dynamic improvements to enhance the operation linkage with customers and suppliers, and innovative capability of capability allows manufacturing firms to develop novel strategies for business development. Innovative capability can be consider as a high order level capability. Objective of this study is to use an input-output approach to investigate firm capability of manufacturing firms in China and its association with firm performance. The findings of this study imply the significant role of innovative management in the manufacturing industry.

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