Antecedents and Consequences of Indigenous Innovation: Evidence from Mobile Phone Producers in Turkey

Knowledge intensive processes are being deployed as the conditions of the market evolve according to the needs of the customers. Firms need to adopt their production systems to catch up the latest technology and this challenge involves intensive use of innovation. However, innovation is accepted to be a risky and costly process as it includes the use of venture capital not for being more profitable in the short term. Thus, the economic outcomes of innovation is more important for firms as the position of the firm mostly depends on it.