A recently released discussion paper by The Research Institute of the Finnish Economy discusses the use of strategic innovation profiles to understand the overall innovativeness of the firms. The discussion paper entitled “Innovation does not equal R&D: Strategic Innovation Profiles and Firm Growth” by Mikko Ketokivi and Jyrki ALi-Yrkko (October, 2010) examines firm innovation and its link to firm growth. Instead of using R&D budget as a measure of innovation they adapted the ‘innovation radar’ developed by Sawhney et al. (2006) and created strategic innovation profiles based on that.
The 12 dimensional operationalization scale they used took into account the non technical aspects of innovation into account. They found that apart from R&D, innovation in other dimensions like value chain strategy, brand and distribution channels are all linked to new product introduction.
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