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Journal of Economics, Finance and Administrative Science

versão impressa ISSN 2077-1886


GARAVITO HERNANDEZ, Youseline  e  RUEDA GALVIS, Javier Francisco. Innovation and patents as a business success factor. Journal of Economics, Finance and Administrative Science [online]. 2021, vol.26, n.51, pp.143-159.  Epub 30-Jan-2021. ISSN 2077-1886.


. The purpose of this paper is to expose the impact of innovation and patent registration, as a strategy that contributes to business success in the current competitive and globalized market conditions.


. This paper presents a study on the innovation and contribution of the patent registry in the growth of economic sales of 1,746 companies in the Colombian manufacturing sector, whose applied methodology was a statistical correlation analysis and a binary logistic regression.


The results reveal a positive relationship among incremental product innovations with the achievement of sales success, although it is evident that patent registration negatively influences business success as a factor in innovation.


. This study allows organizations to understand the importance of developing innovation processes and patent registration as a competitive factor that drives sales growth and success.

Palavras-chave : Innovation; Business success; Patent registration; Sales growth.

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