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Different Sources of Market Information and Product Innovativeness

Different Sources of Market Information and Product Innovativeness AbstractThe purpose of this study is to identify whether the gathering of market information from different sources - i.e. from customers, competitors and other entities - is related to product innovativeness. The relationships proposed so far have not been empirically investigated but they can have important theoretical and practical implications for product innovation. To achieve the purpose of the paper data concerning 287 new products were used by applying confirmatory factor analysis and structural equation modelling. The findings indicate that the obtaining of market information from customers and market entities, other than customers and competitors, has a positive impact on product innovativeness, but there was no such relationship in the case of gathering information from competitors http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics and Business Review de Gruyter

Different Sources of Market Information and Product Innovativeness

Economics and Business Review , Volume 4 (3): 17 – Jul 1, 2018

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Publisher
de Gruyter
Copyright
© 2018 Dariusz Dąbrowski, published by Sciendo
eISSN
2450-0097
DOI
10.18559/ebr.2018.3.2
Publisher site
See Article on Publisher Site

Abstract

AbstractThe purpose of this study is to identify whether the gathering of market information from different sources - i.e. from customers, competitors and other entities - is related to product innovativeness. The relationships proposed so far have not been empirically investigated but they can have important theoretical and practical implications for product innovation. To achieve the purpose of the paper data concerning 287 new products were used by applying confirmatory factor analysis and structural equation modelling. The findings indicate that the obtaining of market information from customers and market entities, other than customers and competitors, has a positive impact on product innovativeness, but there was no such relationship in the case of gathering information from competitors

Journal

Economics and Business Reviewde Gruyter

Published: Jul 1, 2018

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