A Meta-Analysis of Innovation Management in Scientific Research: Unveiling the Frontier

Innovation is a critical element in numerous domains, especially when it comes to determining the course of business success via efficient innovation management systems. The objective of this study is to determine which innovation category has the greatest impact on the effectiveness of innovation m...

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Bibliographic Details
Published in:Systems (Basel) 2024-04, Vol.12 (4), p.130
Main Authors: Juracka, Denis, Nagy, Marek, Valaskova, Katarina, Nica, Elvira
Format: Article
Language:English
Subjects:
Analysis
Competition
Competitive advantage
Correlation coefficients
Economic growth
Empirical analysis
Environmental impact
Expenditures
Global economy
Globalization
innovation management
Innovations
Knowledge economy
Knowledge management
Literature reviews
Management
Management systems
Meta-analysis
Organizational change
R&D
Research & development
Small business
Success
systematic review
Technological change
Technological innovations
types of innovations
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Summary:Innovation is a critical element in numerous domains, especially when it comes to determining the course of business success via efficient innovation management systems. The objective of this study is to determine which innovation category has the greatest impact on the effectiveness of innovation management by analyzing the correlation of innovation and its associated activities on the innovation performance of companies. This study synthesizes empirical research findings regarding the relationship between management and innovation performance through the utilization of meta-analysis. In recent decades, meta-analysis has gained significant prominence as a method to improve the precision of results by integrating multiple studies into a comprehensive analysis. Systematic reviews and meta-analyses enhance the credibility of research outcomes due to their status as the most dependable forms of evidence. A noteworthy correlation is observed between innovation performance and innovation categories, with small and medium-sized enterprises (SMEs) exhibiting the strongest correlation. Significantly, organizational innovations demonstrate the strongest correlation coefficient, indicating that they have the greatest impact on innovation performance. This research highlights the significance of innovation management in effectively addressing enterprise challenges and promoting business success. It specifically emphasizes the critical role that organizational innovations play in facilitating innovation performance.
ISSN:2079-8954
2079-8954
DOI:10.3390/systems12040130