The paper questions what influence high-growth firms in Australia have on the Australian innovation system. Is their influence on the innovation system as significant as their contribution to the Australian economy? What role do research and development activities play in this context, especially research and development expenditures?
It is the aim of this scientific work, especially with publications from the Australian government, to provide answers to these questions. To answer the questions just mentioned, this paper is structured as follows. Section 2 deals entirely with the phenomenon of high-growth firms in Australia. First, a few selected data on the Australian economy are presented and put into context with those of another economy. In addition, two innovation indices are discussed in order to classify Australia's innovative capacity. Sections 2.1 and 2.2 define high-growth firms, explain their typical characteristics and then discuss the performance of high-growth firms and their impact on Australian economic performance.
Section 3 continues with the relationship between business performance and innovation. It uses literature and studies to explain the relationship between business performance and innovation and how it is expressed. Building on this, Section 3.1 discusses the role of R&D activities and especially research and development expenditure in high-growth firms in Australia in this relationship. Finally, before concluding this paper, Section 4 provides an outlook on the impact of high-growth firms on Australia's innovation system. First, we define what is meant by a national innovation system and then use this as a basis for answering the main question of this paper.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Australia's phenomenon of high-growth firms
- Definition and attributes of high-growth firms
- The performance characteristics of high-growth firms in Australia and their impact on economic performance
- The relationship between business performance and innovation
- The role of R&D activities/expenditures in high-growth firms in Australia
- Outlook - Impact of high-growth firms on Australia's innovation system
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper aims to explore the impact of high-growth firms (HGFs) on Australia's innovation system. Specifically, it investigates the relationship between business performance, innovation, and research and development (R&D) activities in these firms. The paper also aims to provide a comprehensive understanding of the characteristics and contributions of HGFs to the Australian economy.
- The role of high-growth firms in driving economic growth and innovation in Australia
- The relationship between business performance and innovation in the context of HGFs
- The impact of R&D activities and expenditures on HGF performance in Australia
- The influence of HGFs on the overall Australian innovation system
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction highlights the importance of innovation for economic growth and introduces the concept of HGFs in Australia, focusing on their significant contribution to the economy.
Chapter 2 explores the phenomenon of HGFs in Australia, providing background information on the Australian economy, discussing two innovation indices (Bloomberg Innovation Index and Global Innovation Index), and defining HGFs with their specific attributes.
Chapter 3 examines the relationship between business performance and innovation, drawing from relevant literature and studies. It further delves into the role of R&D activities, particularly research and development expenditure, in HGFs in Australia.
Schlüsselwörter (Keywords)
This paper focuses on the key themes of high-growth firms, innovation, R&D activities, business performance, and Australia's innovation system. It also explores relevant concepts such as GDP, GDP per capita, the Global Innovation Index (GII), and the Bloomberg Innovation Index.
- Quote paper
- Max Radünzel (Author), 2020, Assessing the Innovation System of Australia. The Influence of Australian Economy, Munich, GRIN Verlag, https://www.grin.com/document/982744
