Forced innovation: leveraging text data to analyse firms' response to COVID-19

Angela, Jovita and Iman, Nofie (2023) Forced innovation: leveraging text data to analyse firms' response to COVID-19. JOURNAL OF SCIENCE AND TECHNOLOGY POLICY MANAGEMENT. ISSN 2053-4620

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Abstract

PurposeThe purpose of this study is to explore and present a clear overview of innovation topics during the first year of the COVID-19 pandemic, and then organise these topics into various analyses. Design/methodology/approachThe authors use multiple language analysis methods, such as text mining and latent Dirichlet allocation topic modelling, to address the research questions. A total of 440 news articles are analysed using Python and Google Colaboratory tools. FindingsThe analysis identified 20 innovation topics, highlighted sector-specific analyses and proposed phases of innovation. The authors suggest that each sector develops unique patterns and forms of innovation for long-term benefits and further research. This study expands upon existing literature on innovation and crisis at a theoretical level by incorporating an actor as the agency. Research limitations/implicationsBased on the findings, the authors conclude that the COVID-19 pandemic has prompted businesses to adopt dynamic capabilities. Furthermore, the authors provide several strategic recommendations for addressing the pandemic in the developing context. The study discusses the roles of policymakers, business practitioners and academia in this context as well. Originality/valueVery few studies specifically explore and identify forced innovation topics in emerging countries during the pandemic. There has been no review of forced innovations implemented in Indonesia using news media as a source. Additionally, this study presents the trajectory of innovation during the time of crises.

Item Type: Article
Uncontrolled Keywords: Innovation; COVID-19; Discourse; Latent Dirichlet allocation; Indonesia
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Economics & Business > Bachelor in Management
Depositing User: Sri JUNANDI
Date Deposited: 18 Nov 2024 02:07
Last Modified: 18 Nov 2024 02:07
URI: https://ir.lib.ugm.ac.id/id/eprint/11491

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