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Innovativeness Catalysts of Indian Firms

Innovativeness has become a crucial factor contributing to the firm’s success, and several factors enable it. First of all, innovations are promoted by knowledge and information, which have become a resource of vital importance (Nair et al., 2016). Indeed, today’s science and technology experience unprecedented development rates. The second factor comes from the opposite direction, as innovations can emerge both within and outside organizations. Customers are capable of expressing their views of the product, and successful companies devote increasing attention to this feedback. As a result, when demand for innovation appears, the supply can adjust accordingly. Finally, innovativeness can be instigated by global political and economic processes, which are particularly strong today. Overall, the three factor groups exist in an interrelated system, forming the complex business environment of the 21st century.

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Reference

Nair, S., Pillai, K. G., Hirekhan, M., & Budhwar, P. (2016). Innovativeness of Indian firms — Catalysts and deterrents. In H. Shipton, P. Budhwar, P. Sparrow, & A. Brown. (Eds.), Human resource management, innovation and performance (pp. 97-114). London: Palgrave Macmillan.

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StudyCorgi. (2022, May 29). Innovativeness Catalysts of Indian Firms. Retrieved from https://studycorgi.com/innovativeness-catalysts-of-indian-firms/

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StudyCorgi. (2022, May 29). Innovativeness Catalysts of Indian Firms. https://studycorgi.com/innovativeness-catalysts-of-indian-firms/

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StudyCorgi. "Innovativeness Catalysts of Indian Firms." May 29, 2022. https://studycorgi.com/innovativeness-catalysts-of-indian-firms/.

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StudyCorgi. 2022. "Innovativeness Catalysts of Indian Firms." May 29, 2022. https://studycorgi.com/innovativeness-catalysts-of-indian-firms/.

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StudyCorgi. (2022) 'Innovativeness Catalysts of Indian Firms'. 29 May.

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