Title: Discovering the role of innovation in contemporary business systems: an assessment technique from the literature analysis
Authors: Maria Teresa Bianchi
Addresses: Department of Diritto ed Economia delle attività produttive, University of Rome La Sapienza, Via del Castro Laurenziano n. 9, 00161 Rome, Italy
Abstract: In an increasingly changing environment, innovation is recognised as one of the main sources of sustainable competitive advantage. Innovation is able to improve company products and processes and this progress allows companies to survive and be more efficient, in other words to be more profitable that non-innovators. In this way, the aim of the paper is to investigate, through a literature analysis, the connection between innovation and company performance by referring to a whole range of sectors such as entertainment, culture, sports and IT in order to highlight that private equity investments are associated with a consequent increase in innovation. The method used for the research is based on a qualitative approach. International literature on the topic is examined in order to define the role of private equity in the increase of company innovation. The findings of the paper emphasise how innovation, private equity, social and environmental factors are increasingly connected to the business systems that decide to invest in product and process innovation.
Keywords: business systems; product innovation; process innovation; sociability; CSR; corporate social responsibility; self-financing; social reporting; social balance sheet; literature review; firm performance; private equity investment; sustainability; green issues.
International Journal of Digital Culture and Electronic Tourism, 2017 Vol.2 No.1, pp.1 - 15
Received: 18 Feb 2016
Accepted: 06 Jul 2016
Published online: 24 Feb 2017 *