INNOVATIONS DEVELOPED IN TIMES OF CRISIS: TEMPORARY VS DEFINITIVE

Jorge Esteban Vásquez Gutiérrez, Jose Orlando Montes De La Barrera

Research output: Working paper

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Abstract

During the pandemic, many companies focused on survival, and to achieve this, they developed different types of innovation. However, it is unknown whether these innovations are temporary or permanent and the mechanisms with which they were financed. Due to this, a qualitative, transversal research method was implemented, based on the interviews conducted with a group of 22 Colombian companies; to characterize the innovations, a theoretical framework was built around the temporality of innovations, the types of innovations according to the OECD, and financing mechanisms in times of crisis. It was found that a large part of the innovations conducted will be maintained (e.g., implementation of digital marketing, digitization of processes and services) and the innovations that occurred temporarily have a strong contextual component (e.g., creation of products that respond to demands generated by the pandemic, implementation of biosafety protocols.).
Original languageEnglish (US)
Place of PublicationBogotá D.C.
PublisherUniversidad del Externado
Pages1261-1279
Number of pages1366
ISBN (Electronic)978-628-762-051-3
StatePublished - 2023

All Science Journal Classification (ASJC) codes

  • Management of Technology and Innovation

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