IES Management College And Research Centre

An Analytical Modelling Approach for Assessing the Impact of Competition on a Homogenous Product Firm’s Investment Decision in Innovation (Record no. 50988)

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003 - CONTROL NUMBER IDENTIFIER
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005 - DATE AND TIME OF LATEST TRANSACTION
control field 20190124154250.0
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100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Adhikari, Arnab
9 (RLIN) 32979
245 ## - TITLE STATEMENT
Title An Analytical Modelling Approach for Assessing the Impact of Competition on a Homogenous Product Firm’s Investment Decision in Innovation
300 ## - PHYSICAL DESCRIPTION
Extent S39–S53 p.
520 ## - SUMMARY, ETC.
Summary, etc Since the 2000s, the world has experienced a phenomenal growth of innovation initiatives in the homogenous product business. In this context, market competition is considered as one of the most important factors that influence innovation. Still, there is an absence of studies that capture the impact of competition on the innovation activities of homogenous product firms. Also, there is a dearth of analytical works that facilitate the theorization of the impact of competition on a firm’s innovation activities. It motivates us to propose an analytical methodology to assess the impact of the competition on a firm’s innovation in the context of the homogenous product market. We present a quantity competition based Cournot model to determine a homogenous product firm’s optimal output quantity and profitability. Here, we introduce a novel ‘innovation factor’ that describes a homogenous product firm’s innovation capability. We also devise the criteria regarding firm’s incentive to make an investment decision in innovation activity. According to our findings using analytical modelling and numerical analysis, a firm’s profitability decreases with increasing degree of competition. Also, a firm’s incentive to engage in innovation activity depends on the degree of competition, its innovation capability and fixed costs associated with the innovation.
653 ## - INDEX TERM--UNCONTROLLED
Uncontrolled term Operations
Uncontrolled term innovation
Uncontrolled term Cournot model,
Uncontrolled term investment decision
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Paul, Samit
9 (RLIN) 32980
773 0# - HOST ITEM ENTRY
Host Biblionumber 29349
Host Itemnumber 70967
Main entry heading BANIK, ARINDAM
Place, publisher, and date of publication NEW DELHI SAGE PUBLISHING PVT. LTD.
Other item identifier 5558945
Title GLOBAL BUSINESS REVIEW
International Standard Serial Number 0972-1509
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme
Koha item type Journal Article
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent Location Current Location Date acquired Full call number Barcode Date last seen Price effective from Koha item type
          Main Library Main Library 2019-01-24 Vol 19, No 3/ 5558945JA3 5558945JA3 2019-01-24 2019-01-24 Journal Article

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