Impact of business model objectives on marketing innovation activities: A comparison between manufacturing and service firms

Abstract

Purpose

The purpose of this paper is to analyze the differences and similarities that arise between manufacturing and service firms with regard to the impact of business model objectives on marketing innovation activities.

Design/methodology/approach

This study focuses on business model objectives and marketing innovations activities. As described by Oslo Manual, marketing innovations involve changes in product design, promotion, placement and pricing. Relationships between business model objectives and marketing innovations are based on the analysis of 9,525 firms, 5,488 of which are manufacturing companies and 4,037 of which are service companies.

Findings

Findings reveal distinctive results in the adoption of marketing innovation, depending on the business model objectives being pursued and the type of companies (manufacture or service) considered.

Research limitations/implications

This research goes further than prior studies by identifying more precisely the particularities that differentiate the manufacturing and service sectors.

Practical implications

Firm’s age and size are not significant restrictions to introduce new marketing innovations in manufacturing or service sectors. In contrast, the business model objective to enter a new market is a significant driver of marketing innovations in most cases.

Originality/value

The focus on business model objectives and their impact on marketing innovations is novel. In addition, this study focuses on a large-scale sample that allows us to compare differences between manufacturing and service companies.

Citation

Molina-Castillo, F.-J., Meroño-Cerdan, A.-L. and López-Nicolás, C. (2020), "Impact of business model objectives on marketing innovation activities: A comparison between manufacturing and service firms", European Journal of Innovation Management, Vol. 23 No. 1, pp. 177-195. https://doi.org/10.1108/EJIM-12-2018-0259