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Exploring the Influence of Innovation Management Tools on Product Innovation
Jean Pierre Seclen-Luna1 ,
Fatima Ponce Regalado 2
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1
Pontifical Catholic University of Peru,
PE
2
Pontifical Catholic University of Peru,
PE
IJOSI null , 6(2), 42–52;
https://doi.org/10.6977/IJoSI.202009_6(2).0005
Submitted: 8 April 2020 | Revised: 11 July 2020 | Accepted: 8 April 2020 | Published: 11 July 2020
© by the Authors. Licensee AccScience Publishing, USA. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution -Noncommercial 4.0 International License (CC BY-NC 4.0) ( https://creativecommons.org/licenses/by-nc/4.0/ )
Abstract
This paper investigates the influence of innovation management tools on product innovation in 84 Peruvian companies that received public funding to carry out innovation projects. The empirical exploratory study is based on a comprehensive questionnaire for collecting data and is analysed using a binary Probit method. The results indicate that although the use of tools is scarce in Peruvian companies, innovation management tools influence product innovation. Furthermore, all the evidence shows that innovation management is important, and therefore the innovation process must be structured and systematized.
