RELATIONSHIP BETWEEN INNOVATION STRATEGY AND ORGANIZATIONAL PERFORMANCE: A BIBLIOMETRIC AND VISUAL STUDY
DOI:
https://doi.org/10.62985/j.huit_ojs.vol26.no3E.655Keywords:
Innovation Strategy, organizational performance, bibliometric analysis, visual study.Abstract
Strategic innovation has become a critical driver of competitive advantage and long-term organizational performance in increasingly dynamic and technology-driven business environments. However, despite the rapid growth of research examining the relationship between strategic innovation and organizational performance, the existing literature remains fragmented across different theoretical perspectives and research contexts. This study aims to provide a comprehensive overview of the research landscape on strategic innovation and organizational performance by identifying the intellectual structure, key research themes, and emerging trends in the field. To achieve this objective, the study adopts a bibliometric analysis combined with a systematic literature review approach. Data were collected from the Scopus database, resulting in a dataset of 902 journal articles published between 1990 and 2025. Bibliometric techniques were applied using VOSviewer and Bibliometrix to analyze publication trends, citation structures, co-citation networks, bibliographic coupling, and keyword co-occurrence patterns. The study also follows the PRISMA framework to ensure transparency and reproducibility in the literature selection process. The findings reveal a significant growth in publications on strategic innovation and organizational performance, particularly after 2010. The analysis identifies several dominant theoretical perspectives, including the Resource-Based View, dynamic capability theory, and the knowledge-based view of the firm. Furthermore, the keyword co-occurrence analysis highlights five major research clusters: sustainable innovation and dynamic capabilities, innovation strategies in SMEs and emerging markets, digital transformation and innovation management, organizational resources and innovation performance, and open innovation collaboration. This study contributes to the literature by providing a systematic mapping of strategic innovation research and identifying emerging directions for future studies. The findings also offer practical insights for managers and policymakers by emphasizing the strategic role of innovation capabilities, digital technologies, and collaborative networks in enhancing organizational performance and sustaining competitive advantage.
References
[1] M. A. Schilling, Strategic Management of Technological Innovation. New York, NY, USA: McGraw-Hill Education, 2018.
[2] S. M. Lee and S. Trimi, “Convergence innovation in the digital age and in the COVID-19 pandemic crisis,” Journal of Business Research, vol. 123, pp. 14-22, 2021. https://doi.org/10.1016/j.jbusres.2020.09.04
[3] E. Nybakk and S. T. Jenssen, “Innovation strategy, working climate, and financial performance in traditional manufacturing firms: An empirical analysis,” International Journal of Innovation Management, vol. 16, no. 2, 2012. https://doi.org/10.1142/S1363919611003374
[4] A. T. Karabulut, “Effects of innovation types on performance of manufacturing firms in Turkey,” Procedia - Social and Behavioral Sciences, vol. 195, pp. 1355-1364, 2015. https://doi.org/10.1016/j.sbspro.2015.06.322
[5] V. Ramadani, R. D. Hisrich, H. Abazi-Alili, L. P. Dana, L. Panthi, and L. Abazi-Bexheti, “Product innovation and firm performance in transition economies: A multi-stage analysis,” Technovation, vol. 80, pp. 43-54, 2019. https://doi.org/10.1016/j.techfore.2018.12.010
[6] J. Barney, “Firm resources and sustained competitive advantage,” Journal of Management, vol. 17, no. 1, pp. 99-120, 1991.
[7] D. J. Teece, Dynamic Capabilities and Strategic Management: Organizing for Innovation and Growth. Oxford, U.K.: Oxford University Press, 2009.
[8] H. W. Chesbrough, Open Innovation: The New Imperative for Creating and Profiting from Technology. Boston, MA, USA: Harvard Business Press, 2003.
[9] H. Chesbrough and M. Bogers, “Explicating open innovation: Clarifying an emerging paradigm for understanding innovation,” in New Frontiers in Open Innovation. Oxford, U.K.: Oxford University Press, 2014. https://doi.org/10.1093/acprof:oso/9780199682461.003.0001
[10] B. Cassiman and R. Veugelers, “In search of complementarity in innovation strategy: Internal R&D and external knowledge acquisition,” Management Science, vol. 52, no. 1, pp. 68-82, 2006. https://doi.org/10.1287/mnsc.1050.0470
[11] K. Laursen and A. J. Salter, “The paradox of openness: Investigative search, knowledge sets and innovation performance,” Strategic Management Journal, vol. 35, no. 6, pp. 867-893, 2014. https://doi.org/10.1016/j.respol.2013.10.004
[12] O. Carrasco-Carvajal, C. Hernández-Mosqueira, and S. Peña-Troncoso, “Strategic innovation and digital transformation: A systematic review,” Journal of Open Innovation: Technology, Market, and Complexity, 2023.
[13] E. A. Henao-García and R. A. Cardona Montoya, “Emerging trends in sustainable innovation: A bibliometric perspective,” Sustainability, 2024.
[14] N. Donthu, S. Kumar, D. Mukherjee, N. Pandey, and W. M. Lim, “How to conduct a bibliometric analysis: An overview and guidelines,” Journal of Business Research, vol. 133, pp. 285-296, 2021. https://doi.org/10.1016/j.jbusres.2021.04.070
[15] J. A. Schumpeter, The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle. Cambridge, MA, USA: Harvard University Press, 1934.
[16] M. K. Linnenluecke, M. Marrone, and A. K. Singh, “Conducting systematic literature reviews and bibliometric analyses,” Australian Journal of Management, vol. 45, no. 2, pp. 175-194, 2020.
[17] V. K. Singh, P. Singh, M. Karmakar, J. Leta, and P. Mayr, “The journal coverage of Web of Science, Scopus and Dimensions: A comparative analysis,” Scientometrics, vol. 126, no. 6, pp. 5113-5142, 2021. https://doi.org/10.1007/s11192-021-03948-5
[18] P. C. Sauer and S. Seuring, “A practical guide for conducting systematic literature reviews in supply chain management,” Supply Chain Management: An International Journal, 2023.


