A business analytical nexus study on the triple helix, entrepreneurship, innovation, and global competitiveness

College

Ramon V. Del Rosario College of Business

Document Type

Article

Source Title

Journal of Global Business

Volume

7

First Page

1

Last Page

13

Publication Date

2018

Abstract

In a globalized world, keeping up with the drastic changes in an economy through the enhancement of the ability to innovate and to content in the international arena becomes a necessity for countries to remain relevant. Given this phenomenon, understanding what enhances innovation and competitiveness of a country becomes of utmost importance as such will be the key to attain a sustainable socio-economic development.

This study examines the effect of individual and institutional factors (Triple Helix, Entrepreneurial Attitudes, and Entrepreneurial Activities) that influence innovativeness and global competitiveness of each country measured by Global Entrepreneurship Monitor (GEM) and World Economic Forum (WEF). The factors in specific are: government support and policies, R&D transfer, business sophistication, entrepreneurial intention, perceived opportunities, motivational index, total early-stage entrepreneurial activity, and entrepreneurial employee activity (EEA). The data for each factor were collected from GEM‘s database and WEF‘s Global Competitiveness Report, both of which were from the year 2016. Pearson correlation was utilized to test the relationship between variables. On the other hand, simple and multiple regression analysis were performed to test the effect of each factor to the dependent variables.

Test results indicated that only R&D transfer and EEA were significant to both innovation and global competitiveness. This suggests that for an innovative and globally competitive environment to thrive, knowledge generated by R&D activities must be transferred for practical application. Similarly, EEA should be utilized as a platform for employees to share their ideas and knowledge; hence driving organizations to take a more innovative and globally competitive stance.

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Disciplines

Business

Keywords

Competition; Technological innovations

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