The Impact of Technology Selection on Innovation Success and Organizational Performance

Shengbin Hao, Bo Yu

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DOI: 10.4236/ib.2011.34049                

Abstract

This paper is to analyze the impact of a company’s technology selection on its innovation success and organizational performance. Technological capability enables a company to add value to products and processes, and its impact on innovation success has been examined. Apart from technological capability, a company also needs technology management capability to manage technological resources effectively and efficiently. In this paper, we develop a theoretical model for implementation of technology selection, consisting of five elements: technology selection, technological capability, technology management capability, innovation success and organizational performance. The model is empirically tested using the data of 120 Chinese companies acquired by interviews and surveys. The results indicate that a company’s technology selection has no direct impact on innovation success; technology selection has a significant positive impact on technological capability and technology management capability, which, in turn, have a significant positive impact on innovation success; innovation success has a significant positive impact on organizational performance.

Keywords

Technology Selection, Technological Capability, Technology Management Capability, Innovation Success, Organizational Performance

Conflicts of Interest

The authors declare no conflicts of interest.

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