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Dr. Baier-Fuentes, Hugo
Research Outputs
The effects of dynamic absorptive capacity on innovation strategy: Evidence from SMEs in a technological context
2023, Bedoya-Villa, Mauricio, Pérez-Sánchez, Elkin, Baier-Fuentes, Hugo, Zapata-Molina, Cesar, Román-Castaño, Edith
Absorptive capacity and innovation strategies are determining issues for the survival of organizations in current contexts. While organizations are immersed in the knowledge society, managers face great challenges to respond to market needs and performance in innovation ecosystems. This article aims to analyze the effects of absorptive capacity on the implementation of innovation strategy. A quantitative research study was conducted with a sample of 51 SMEs, and the construct model was analyzed using the SEM method. The results indicate that there is a high correlation between the level of absorptive capacity and innovation strategies. Even though firms in this specific sector work with advanced technologies, there is a basic level of development of absorptive capacity, generating some difficulties for the design and implementation of innovation strategies. Furthermore, by using the acquisition, assimilation, transformation, and exploitation of knowledge from the competitive landscape, firms improve their adaptability in the technological environment. The effects of absorptive capacity on innovation strategy contribute to the development of the extant literature on innovation management strategy and provide some managerial implications and future research areas.
The Valley of Death of Start-ups: A Systematic Literature Review
2022, Zapata-Molina, Cesar, Montes-Hincapié, Juan Manuel, Londoño-Arias, José Alban, Dr. Baier-Fuentes, Hugo
Purpose: The main factor that contributes to the socioeconomic development of a local territory is entrepreneurship; unfortunately, start-ups in Latin America have high failure rates during the first 5 years of operation, failing to overcome the so-called valley of death. This article aims to determine how literature explains this phenomenon, mapping current knowledge and identifying gaps in the relevant literature. Design/methodology/approach: A bibliometric analysis was carried out in order to build a state of the art starting from a search equation elaborated with the Citation Pearl Growing technique, which was entered into the SCOPUS and Web of Science (WOS) indexers, then the study of keywords co-occurrence was carried out with the VOSviewer® software, and as a result, the content analysis of 91 articles was performed with ATLAS.ti®. Findings: The review allowed to classify three clusters: valley of death, causes of the valley of death, and how to overcome the valley of death. This article identifies and reflects on the perception of various authors. There are still gaps in the literature and this work will allow researchers, legislators, and entrepreneurs to have an approach to information and updated scientific knowledge and to continue with its development, to identify the causes and possible ways to face this phenomenon. Originality/value: This document offers a mapping of information and scientific knowledge related to the valley of death, referring to the early stage in which enterprises are more vulnerable and tend to fail.
Entrepreneurial orientation and transformational leadership for the development of innovation capabilities
2024, Dr. Baier-Fuentes, Hugo, Bedoya, Mauricio, Pérez-Sanchéz, Elkin, Zapata, Cesar, Hernandez-Sanchez, Blanca
Purpose: This paper aims to analyse the impact of entrepreneurial orientation (EO) through the relationship of transformational leadership (TL) for the development of dynamic capabilities (DC) for organisational innovation. Methodology/Approach: Under a qualitative method, and a single case study strategy, data were obtained from interviews with 15 senior managers and leaders of innovation activities; the document review and data triangulation method was used to analyse causality relations proposed in the theoretical framework. Findings: The empirical results confirm that the EO and TL have a positive relationship with the development of innovation capabilities. Findings indicate that risk-taking, proactiveness, assimilation, and exploitation of internal and external knowledge remain the main difficulties in improving innovation capabilities and adaptability in the technological environment. Research Limitation/implication: The present paper gathered data from a specific organisation in the field of EO. The research allowed us to better understand the incidence of EO, TL, and DC regarding the relationship between variables, and it should be considered a potential source for enhancing innovation management capabilities. Originality/Value of paper: This work is the first that integrates the concepts of EO with other related disciplines into a single case strategy, within a specific entrepreneurship and innovation ecosystem context in a large automotive industry.