WCSE 2022 Spring
ISBN: 978-981-18-5852-9 DOI: 10.18178/wcse.2022.04.031

How Innovative are Companies? Exploring a New Approach to Characterize the Innovation Level

Marcelo Gaspar, Luís Serrano, Jorge Julião, Ana Sofia Silva

Abstract— This study aims to develop an innovative method that allows classifying and characterizing the degree of innovation in companies. As part of this investigation, a new methodology was developed to allow for characterizing and quantifying the innovation effort of a company without the need for its feedback through surveys or questionnaires. To such end, relevant data of 571 companies available on two official databases were analyzed and discussed. As a result, an innovative framework was presented based on a dedicated set of indicators, and an empirical parameter was derived to characterize and quantify the Innovation Level of companies.

Index Terms— Innovation, Innovative Capacity, Incentive Programs, Financing, Innovation Level.

Marcelo Gaspar
School of Management and Technology, Polytechnic Institute of Leiria, Portugal
Luís Serrano
School of Management and Technology, Polytechnic Institute of Leiria, Portugal
Jorge Julião
Católica Porto Business School, Universidade Católica Portuguesa, Portugal
Ana Sofia Silva
Católica Porto Business School, Universidade Católica Portuguesa, Portugal

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Cite: Marcelo Gaspar, Luís Serrano, Jorge Julião, Ana Sofia Silva, "How Innovative are Companies? Exploring a New Approach to Characterize the Innovation Level," WCSE 2022 Spring Event: 2022 9th International Conference on Industrial Engineering and Applications, pp. 261-268, Sanya, China, April 15-18, 2022.