2016. Revealing Hidden Innovation: Patterns of External Innovation Investment in Australian Businesses. Technology Innovation Management Review, 6(6): 41-48
Introduction
Over the past decades, empirical innovation research has widened in scope to incorporate a broad definition of innovation that includes the business introduction of new or improved products, processes, organizational, or marketing methods (OECD, 2005). However, government policies and empirical studies of business innovation investments invariably focus on in-house research and development (R&D) expenditures as the main type of investment (Damanpour & Aravind, 2012; Demirel & Mazzucato, 2012).