What difference is produced by a specific innovation? The answer to this question is the differential concept, Differential Year(n) = RnRn-1, which is the effect on a business's results at the end of an accounting period produced by the value change of a variable. The differential is therefore an exact measure of productivity. If this differential is positive, that is, R-n>Rn-1, the enterprise has improved its management, because it has successfully introduced and applied a variety of technologies in different areas: marketing, financial, production etc. The application of the proposed model of quantitative analysis of changes in results produced by technological innovations makes it possible to analyse the effects of the innovations in general, and above all the effects of the pure technological innovations, using 'money value of results' as a measurement standard, because this has been empirically proved to be the measure that persuades company managers.
Innovation results, Innovation strategies, Monetary value, Productivity, Quantitative analysis, Technological innovation
|Authors||Ambrosio Orizaola, Enrique, Manuel (Dept of Business Administration, University of Cantabria, Santander, Spain)|
|Keywords:||Innovation results, Innovation strategies, Monetary value, Productivity, Quantitative analysis, Technological innovation|