Innovation and patents as a business success factor

Artikel

Purpose - The purpose of this paper is to expose the impact of innovation and patent registration, as a strategy that contributes to business success in the current competitive and globalized market conditions. Design/methodology/approach - This paper presents a study on the innovation and contribution of the patent registry in the growth of economic sales of 1,746 companies in the Colombian manufacturing sector, whose applied methodology was a statistical correlation analysis and a binary logistic regression. Findings - The results reveal a positive relationship among incremental product innovations with the achievement of sales success, although it is evident that patent registration negatively influences business success as a factor in innovation. Originality/value - This study allows organizations to understand the importance of developing innovation processes and patent registration as a competitive factor that drives sales growth and success.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Journal of Economics, Finance and Administrative Science ; ISSN: 2218-0648 ; Volume: 26 ; Year: 2021 ; Issue: 51 ; Pages: 143-159 ; Bingley: Emerald Publishing Limited

Classification and Topics

• Classification: Wirtschaft
• Subject: Business success ; Innovation ; Patent registration ; Sales growth

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Garavito Hernández, Youseline ; Rueda Galvis, Javier Francisco
• Event: Veröffentlichung
• (who): Emerald Publishing Limited
• (where): Bingley
• (when): 2021

Further information

• DOI: doi:10.1108/JEFAS-09-2019-0218
• Handle: http://hdl.handle.net/10419/253815
• Last update: 10.03.2025, 11:43 AM CET