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What is Market Innovation

Handbook of Research on Global Business Opportunities
The improvement of the mix of target markets and of the way in which these are served. It refers to new markets and to new distribution process in foreign and local markets.
Published in Chapter:
Innovation Scope and the Performance of the Firm: Empirical Evidence from an Italian Wine Cluster
Guido Bortoluzzi (University of Trieste, Italy), Patrizia de Luca (University of Trieste, Italy), Francesco Venier (University of Trieste, Italy), and Bernardo Balboni (University of Trieste, Italy)
Copyright: © 2015 |Pages: 18
DOI: 10.4018/978-1-4666-6551-4.ch025
Innovation is a key factor for surviving and competing in the global scenario. However, findings from existing studies provide conflicting evidence in this regard, and the relationship between company innovation and performance remains undetermined. This chapter aims to deepen our understanding of this subject by looking at a less studied topic: the relationship between the innovation scope of a firm and its performance. The study is based on empirical research carried out in a sample of 74 firms belonging to the Friuli Wine Cluster located in northeastern Italy. Empirical results support the view that the most successful winemakers are those who have a wider innovation scope and who, in the last years, have considerably revised their innovation-related processes in a more market- and experience-related way.
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