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Publication
Business Dynamism and Innovation Capacity, an Entrepreneurship Worldwide Perspective
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Advisor(s)
Abstract(s)
This research aims to identify which factors best explain business dynamics and innovation
capacity in the continents of Africa, Asia, Europe, Latin America and the Caribbean, and North
America. To achieve this, data from the Global Entrepreneurship Monitor and the Global Competitiveness
Report is used. The linear regression method is utilized with the stepwise procedure for data
analysis. It is possible to ascertain that, with a view to increasing innovation capacity in the African
continent, business leaders and managers should be acquainted with innovation studies to better
understand technological advances. In relation to Asia, the detected models of business dynamism
and capacity for innovation are positive. On the European continent, the results show that RIS3
has a positive impact on the capacity for innovation. In Latin America and the Caribbean, it seems
that business dynamism and the capacity for innovation are negative and regional development
policies should be more flexible. In North America, it appears that business dynamism and the
capacity for innovation are negative. The research contributes with measures that can be applied
by organizations and policymakers to these five continents to improve the performance of business
dynamism and the capacity for innovation in their territories. The resulting data give originality
to the research as well as important contributions, not only to the theory, but also to the entities
(organizations and governments) acting in the field who can implement new policies, such as tax
incentives to companies for the first purchase of high-tech equipment, products, or products with
intellectual property rights developed by national companies and provide support policies directed
to companies that purchase high-tech domestic equipment.
Description
Keywords
Dynamism Innovation capability Open innovation GEM GCR Policies Entrepreneurship
Pedagogical Context
Citation
Lopes, J.; Oliveira, M.; Silveira, P.; Farinha, L.; Oliveira, J. (2021). Business Dynamism and Innovation Capacity, an Entrepreneurship Worldwide Perspective. J. Open Innov. Technol. Mark. Complex. 7, 94. https://doi.org/10.3390/joitmc7010094
Publisher
Journal of Open Innovation: Technology, Market, and Complexity