Innovation in Indian Industries: Insights from the First National Innovation Survey

Arora, Parveen,Nath, Pradosh Asian Society for Innovation and Policy 2015 Asian Journal of Innovation and Policy Vol.4 No.3

Technological innovations, as the key to building competitive advantage, need a comprehensive review to address the issues related to transformation of the Indian industries. The present paper reports the broad findings of the first National Innovation Survey undertaken by the Department of Science and Technology, Government of India. The findings presented here highlight the status of innovation related activities in different industrial sectors, its weaknesses, and areas requiring institutional interventions. The survey results underline the fact that the innovation activities in Indian industries are more for survival in a competitive market conditions than to create market advantage. A sort of disconnect between the innovation support system and the production system is a discernible fact that surfaces from the study. The study also indicates certain characteristics of the innovation behaviour of firms that brings out developing country issues of innovation.

An Analytical Framework for a Technological Innovation System: the Case of a Nuclear Power System

Lee, Tae Joon,Lee, Young-Joon Asian Society for Innovation and Policy 2018 Asian Journal of Innovation and Policy Vol.7 No.2

The aim of paper is to develop an alternative framework for the study of technological innovation systems. In contrast with conventional literature, this analytical framework is designed for entrepreneurs, i.e. actors, at the micro level rather than policy-makers at the meso or macro level. Herein, the entrepreneurial innovation system is conceptually refined by synthesizing knowledge regarding technological innovation and innovation systems. Drawing upon the intrinsic technological identity essential for innovation, the entrepreneurial innovation system is shown to involve three core changes in terms of technology, organization and market, and their couplings within its internal boundary over time. This analytical framework also takes into account the fact that the innovation system is influenced by and copes with the external environment during its evolution. Moreover, the framework of the entrepreneurial innovation system considers the recent trend of sustainable development. The technical and socio-economic characteristics of a nuclear powersystem are studied empirically to articulate an analytical framework that should be very useful for technological innovation in other energy systems by reflecting their unique features.

National Strategy of Indigenous Innovation and its Implication to China

Liu, Xielin,Cheng, Peng Asian Society for Innovation and Policy 2014 Asian Journal of Innovation and Policy Vol.3 No.1

Indigenous innovation is the main strategy for China during 2006 - 20 period. China may hope that indigenous innovation policy will spur on industrial upgrading. The purpose of this paper is to evaluate the indigenous innovation policy. The paper begins with the background of the strategy, follows the detailed content of the national strategy, then analyzes how the strategy is implemented. We find that the package of indigenous innovation policy is constructive and efficient for a catch-up economy with clear industry targets but not good for innovation. If China want to be an innovative country, it needs to give market competition more space to incubate and eventually yield increment or disruptive innovation, even radical innovation. Chinese enterprises cannot close themselves off to the global technology system. Only open innovation can give Chinese enterprises the possibility to win in the next wave of innovation in the world and make China an innovative country.

How Does Family Succession Impact Family Firms' Innovation?

Ballal, Juili Milind,Bapat, Varadraj Asian Society for Innovation and Policy 2019 Asian Journal of Innovation and Policy Vol.8 No.2

Family business is the oldest and the most prevalent type of entity in the world. In India, 85% of the enterprises are owned and/or managed by families, contributing to two-third of GDP. Thus the survival of family firms, which also generates 79% of private sector employment, is of paramount importance. Effective succession planning and innovation to gain competitive edge are the two key ways to ensure family firm survival. In this paper, the interplay between family succession and innovation is qualitatively studied using case study approach. Successors and Predecessors are interviewed to gain insights in the areas of succession planning and innovation. It is observed that family succession has a positive relationship with innovation, i.e. the presence of founding family members in the ownership and/or management of the enterprise has a positive influence on innovation tendency of the family firms. The findings contribute to the family business literature on succession planning and innovation, and their inter-relationship.

Towards an Innovation Policy in the Post Catch-Up Era

Hwang, Hye-Ran,Choung, Jae-Yong Asian Society for Innovation and Policy 2013 Asian Journal of Innovation and Policy Vol.2 No.1

As the catch-up innovation system was exposed to a new competition environment in which second-tier catch-up countries reduced the gap with Korea and advanced Korean firms entered into the frontier product market, it is experiencing system delay in terms of organizational and policy change. Therefore, innovation policy needs to be reorganized from a dynamic perspective to analyze the problems in the transition period and enable the system to overcome organizational and institutional delays. This article investigates the characteristics of transition periods in terms of external environment changes and internal socio-economic pressures. Based on the analysis of environment changes and catch-up system characteristics, it suggests the framework for policy intervention, direction, and practical principles for post catch-up innovation policy. In particular, it suggests the network-based developmental state and policy implementation in order to overcome the limitation of centralized developmental state of catch-up periods.

Role of Informal Sector Competition on Innovation in Urban Formal Manufacturing Enterprises in India

Shekar, K Chandra Asian Society for Innovation and Policy 2021 Asian Journal of Innovation and Policy Vol.10 No.1

The paper examines the role of the informal sector on innovation activities of urban formal manufacturing enterprises in India. It provides empirical evidence on firm-level linkages between formal and informal sectors by using the World Bank Enterprise Survey, 2013-14 and the Innovation Follow-up survey, 2014. Primarily, the paper aims to examine the effect of informal sector competition on innovation in urban formal manufacturing enterprises in India. Secondly, the paper analyses the mediation effect of informal sector competition on innovations in the urban manufacturing enterprises. It determines the direct and indirect influence of business regulations and constraints on innovation outcomes through the mediation effect of informal sector competition by using the SEM "Structural Equation Modeling" guidelines. The econometric results show that informal sector competition has a negative effect on the introduction of product innovations while industry-level informal sector competition has a positive effect on product innovation through the local knowledge spillovers from the informal to the formal sector. However, the informal sector competition was found to have no significant effect on the probability of introducing process innovations. Further, the results show the inhibitive role of informal sector competition on innovation in urban formal manufacturing enterprises is more severe for firms with heavy regulatory burdens and is relatively weakened in firms with resource constraints. This suggests that the informal sector plays an important role in the NIS (National Innovation System) in India.

Book Review: Innovation and Public Policy in India

Sharma, Gautam Asian Society for Innovation and Policy 2021 Asian Journal of Innovation and Policy Vol.10 No.3

The role of innovation in economic growth and development is extensively recognized today. Innovations allow firms to stay ahead in a competitive environment while also playing a leading role in developing a nation or a region. The capacity to solve critical problems depends on the generation of innovations. Innovations are more important for a developing nation as only through them, they can find appropriate solutions to the issues unique to their context. A robust roadmap that fosters and nurtures innovations in a country has thus become an essential aspect of public policy. In this context, the book The Black Box: Innovation and Public Policy in India by Prof. Rakesh Basant provides an overview of the innovation landscape in India and the challenges it faces in building a robust entrepreneurial and innovation ecosystem in the country. The author provides an extensive analysis of different actors within India's innovation system and recommends policy initiatives to boost and foster innovation.

Inclusive Innovation in India: Historical Roots

Krishna, Venni V Asian Society for Innovation and Policy 2017 Asian Journal of Innovation and Policy Vol.6 No.2

Inclusive innovation refers to different types and forms of innovation activities or performance by which we can get more for lesser cost and which could cater and meet the needs and demands of more people. The essence of inclusive innovation is to help poor, marginalized and underprivileged sections of society to improve their livelihoods and enable them to climb up the socio-economic ladder. In the current phase of economic slowdown, increasing unemployment and inequalities, World Bank, OECD and various governments are turning towards inclusive innovation as a new source of optimism or even as a new innovation strategy. Whilst it is being reframed or packaged as a novel or a new strategy, one can trace its historical roots to the AT movement and the Gandhian ideas of economy and society in the 1940s and 1950s. These ideas have inspired and influenced a range of individuals, institutions and civil society groups in inclusive innovation.

S&T Policy for SMEs: Lessons Learned and Implications from Korea

Park, Young Il Asian Society for Innovation and Policy 2019 Asian Journal of Innovation and Policy Vol.8 No.3

This article puts forward the opinion of a policy expert, who had been involved in Korea's science and technology policy for 30 years, about technology policy for SMEs. This article first explains why technology policies for SMEs are needed, and from what point of view. The next section looks at the current problems facing Korean SMEs, followed by the introduction of past and current polices to support SMEs. The comparison between current issues facing SMEs and past and current policies leads to lessons that can be learned. There are four lessons for the policy itself and three for the implementation of these policies. As for policy, the first four are about stages of development, concentration, R&D and diffusion, and policy mix. The latter three are policymakers, institutional building, and cooperation between ministries. This article makesfour suggestions for future policy: the importance of startups' culture, cooperation with others, infrastructure to reduce uncertainty, and policy monitoring and evaluation.

Inclusive Innovation in India: Contemporary Landscape

Krishna, Venni V Asian Society for Innovation and Policy 2017 Asian Journal of Innovation and Policy Vol.6 No.1

The essence of inclusive innovation is to serve poor, marginalized and underprivileged sections of society to improve their livelihoods and enable them to climb up the socio-economic ladder. In this article, we explore the contemporary Indian landscape. There is a diversity of institutions and institutional approaches, multiple methodologies and goals in promoting inclusive innovations in this landscape. There are grassroots innovation institutions. All these institutions and groups have demonstrated how to improve the living conditions of poor people and enhance their income. They have developed different methodologies of inclusive innovation to intervene, build capacities and capabilities of poor people towards bridging informal and formal sectors of economy. Indian landscape can now boast of some successful models and a "social laboratory" for inclusive innovation. The challenge, however, remains to replicate and multiply these models to impact other sectors of Indian informal economy.