Brooks, C., Gherhes, C. orcid.org/0000-0003-2085-3580, Vorley, T. orcid.org/0000-0002-3889-245X et al. (1 more author) (2018) The nature of publicly funded innovation and implications for regional growth: Reflections from the Sheffield City Region. Competitiveness Review, 28 (1). pp. 6-21. ISSN 1059-5422
Abstract
Purpose: The aim of this paper is to unpack the nature of business innovation and understand the impact on regional innovation and competitiveness. Design/methodology/approach: The article is based on a qualitative study of Advanced Manufacturing and Advanced Materials businesses in the Sheffield City Region (UK). Interviews were conducted with 23 firms in the exploring how innovation in the firm translates to innovation-led regional economic growth. Findings: The paper demonstrates that there is a tendency of owner managers to focus on innovation in terms of the development of new products, processes and/or services. Many of the businesses interviewed were technologically innovative, yet there was little evidence of wider business model innovation. This, we conclude, stymies regional innovation and with it regional economic growth. Research limitations/implications: This study is based on a case study of the Sheffield City Region (SCR henceforth) is not generalizable, but offers insights into the nature of business model innovation which are valuable in generating questions for further research. Practical implications: The paper highlights the need to think of innovation in broader terms and the scope of business model innovation to not only improve the performance of firms but with it regional economic growth. Social implications: Originality/value: Business model innovation is a growing domain of the literature and this paper highlights how narrow interpretations of innovation may serve to limit growth business growth, and with it regional economic growth.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © Emerald Publishing Limited 2018. This is an author produced version of a paper subsequently published in Competitiveness Review: An International Business Journal incorporating Journal of Global Competitiveness. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Business Model; Innovation; Regional Competitiveness; Regional Growth |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Management School (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 05 Jan 2017 15:58 |
Last Modified: | 12 Mar 2018 10:02 |
Published Version: | https://doi.org/10.1108/CR-06-2016-0034 |
Status: | Published |
Publisher: | Emerald |
Refereed: | Yes |
Identification Number: | 10.1108/CR-06-2016-0034 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:110096 |