Abstract
PurposeThe textile industry is a labor-intensive industry in which where innovation-oriented studies are conducted intensively. However, identifying potential innovation gaps for a firm operating in the textile industry is not easy and greatly influences the firm's future success. To this end, this study aims to propose a novel integrated approach for the pre-assessment of the firm-level innovation process.Design/methodology/approachThe proposed approach uses two important tools: the technology capability audit tool and innovation audit tool. The proposed approach integrates these tools to discover possible innovation opportunities for firms. The proposed approach is called the innovation gap finder model (IGFM).FindingsA real case study in the textile industry is conducted to show how IGFM works in practice. The results of this study show that decision-makers can easily identify existing innovation gaps using IGFM.Originality/valueFirms must first identify innovation gaps in order to initiate achievable projects in line with their current situation. Addressing a firm-level pre-assessment of the textile innovation process helps achieve growth and enables the firm to know what it should do in the near future. By identifying innovation gaps by considering the innovation processes at the firm level, it is also easier to prepare an action plan on what and how to do in accordance with the firm's own culture. There is no specific tool developed to discover potential innovation gaps in the literature. To fill this gap, a novel integrated approach is proposed for a pre-assessment of firm level innovation process in this study. The proposed approach can also accelerate the establishment of the “idea-invention-innovation” path within the firm.
Subject
Business, Management and Accounting (miscellaneous),Business and International Management
Cited by
2 articles.
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