Global innovation performance: Strategic challenges for multinational corporations

Authors:
M. Hosein Fallah;Thomas G. Lechler
Affiliations:
Stevens Institute of Technology, Wesley J. Howe School of Technology Management, Castle Point on Hudson, Hoboken, NJ 07030 USA;Stevens Institute of Technology, Wesley J. Howe School of Technology Management, Castle Point on Hudson, Hoboken, NJ 07030 USA
Venue:
Journal of Engineering and Technology Management
Year:
2008

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Abstract

In the emerging knowledge economy many companies are forced to access globally dispersed technological and market knowledge to maintain their competitive advantage. A conceptual model is presented to analyze the relationship between the globalization of the innovation function and firm performance. Longitudinal data from 10 multinational companies are used to support the proposed model. The analysis concludes that the relationship between global innovation reach and firm performance is concave and time lagged. The results suggest the strategic importance of globalization decisions. The managerial implications are structured in five distinctive strategic challenges to successfully manage global innovation.