Modern innovation challenges to firms and cities: The case of Portugal
Keywords:innovation accelerators, open innovation, innovation return, customer-driven, competitor-driven, HJ-Biplot
AbstractModern competition is tough due to emergent information systems and technologies. Managers must cope with these challenges continuously to keep their businesses sustainable. An important step is to employ strategies based on open innovation. This work analyses where Portugal stands in terms of innovation in general, propensity for open innovation and innovation sustainability. An HJ-Biplot methodology was applied to a valid sample from CIS 2012 (Community Innovation Survey). It suggests that Portuguese firms must cut back on activities that are not leading to the outcomes needed. Also, with the right partners they can have more ideas executed and diffused.
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