Technology and Influence on Innovation

Ruben Joaquim Pinto Loureiro, Jorge Manuel Marques Simões, Sílvio Manuel Valente da Silva,
António Gabriel Simão de Castro  
(Departmental Unit of Business Science, Polytechnic Institute of Tomar, Portugal)

Abstract: Innovation can be the key element of a company, yet it is dependent on business resources. The relationship between innovation and performance is addressed by several authors who advocate this theme as a driver to solve problems at the business level and subsequently improve performance. Innovation is essentially under great uncertainty, but little information exists about innovation in developing countries. The present research aims to add knowledge about innovation in developing countries, analyzing whether innovation improves business performance (influenced by technology). Thus, the research question is: What is the relationship between innovation and performance in companies? These hypotheses are related to a specific objective: to identify the factors that improve the company’s performance. Using secondary data obtained by the World Bank, and seeking to make known developments in innovation and the relationship with technology and performance in developing countries, the correlation of several variables was worked out in a first approach to the theme through an analysis factorial. It is concluded that there is no positive relationship between performance and innovation in developing countries.

Key words: innovation; performance; technology; business; resources