Product innovation in UK manufacturing companies
by Keith Goffin, Marek Szwejczewski, Michael Sweeney, Colin New
International Journal of Manufacturing Technology and Management (IJMTM), Vol. 2, No. 1/2/3/4/5/6/7, 2000

Abstract: In many sectors of the manufacturing industry, product innovation is an important way for companies to achieve competitive advantage. Regular introductions of new products can be essential, especially in fast-moving markets. But how often do companies introduce new products? A database of UK manufacturing plants was analysed to determine the innovation rates and typical product development times in specific industry sectors. The results show a wide spread in the development times and innovation rates even within closely defined sectors - implying that some companies are particularly efficient at product innovation whereas others need to improve. In addition, the research identifies a number of key areas of innovation, which require further investigation, both within the UK and on an international basis.

Online publication date: Wed, 02-Jul-2003

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