Determinants of firm innovation in Singapore

Despite the numerous studies on the topic of innovation, there is still a lack of consensus as to a single definition. By taking the broadest view of the term, this study considers innovation as a process that involves the generation, adoption and implementation of new ideas or practices within the organization. Using data from 71 companies in Singapore, this study examines the relationship between firm innovation and six of its potential determinants. The results indicate positive and significant relationships between organizational innovation and (1) decentralized structure; (2) presence of organizational resources; (3) belief that innovation is important; (4) willingness to take risks and (5) willingness to exchange ideas.