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Relational Capital and Open Innovation: Two Cases of Successful Italian Companies
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作者 Attilio Mucelli carlo marinoni 《Journal of Modern Accounting and Auditing》 2011年第5期474-486,共13页
Praxis and doctrine agree on the importance of innovation for the competitiveness and profitability of the firm. Innovation is considered as a leverage to start a virtuous circle that improves company performance and,... Praxis and doctrine agree on the importance of innovation for the competitiveness and profitability of the firm. Innovation is considered as a leverage to start a virtuous circle that improves company performance and, consequently, reduce financial constraints for its development. Being creative is definitely the first mechanism that leads to innovation. Creativity spreads from both the individuals that work in the firm and from the social processes and contextual factors that characterize individual relationships within the company. Relational capital is the second mechanism that brings innovation. Relationships with clients, suppliers, competitors, producers of complementary products, public and private research institutions provide creative elements that, once screened, give rise to innovation. The first mechanism requires the firm to be creative on its own as innovations come directly from within the organization ("closed innovation" model). In the second, the firm must get in touch with potentially innovative idea~ coming from outside ("open innovation" model). Doctrine and praxis point out that firms, which do not stop at the first mechanism of innovation, turn out to be more innovative. The paper is structured as follows. In the first part, a theoretical framework is provided, describing the main findings, in the literature, in terms of relationships among innovation, creativity and relational capital. The second part is based on the analysis of two case studies. The first case (Coswell), the very different degree of success (in terms of generated income) of its products seems to be tightly related on how much "relational capital" is "inside" the innovation. In the second case (Pastificio Rana) shows that innovation resulting from relational capital allows the company to excel against its far bigger and financially superior competitors. 展开更多
关键词 intangible assets relational capital INNOVATION case study analysis
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