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Revista Universidad y Sociedad

On-line version ISSN 2218-3620

Abstract

UYEN, Nguyen Thi et al. New realities: a literature review and reality of innovation practices and sustainable competitive advantage of young firms in Vietnam. Universidad y Sociedad [online]. 2022, vol.14, n.4, pp. 413-420.  Epub Aug 30, 2022. ISSN 2218-3620.

Under the light of the RBV Theory and the power of the fourth industrial revolution perspectives, the present study aims firstly to review the literature on the prominent role of innovation practices in sustaining the competitive advantage for young firms. The study explores the reality in innovation practices and sustainable competitive advantage of young firms in Vietnam based on 12 experts’ opinions and responses from 289 young firms’ leaders. Based on the remarkable gaps of current literature on competitive advantage and the fresh reality in the innovation of young firms in Vietnam, the study proposes an agenda for future research on innovation utilization for youth firms in order to create superior competitive advantage in the current context of the industry 4.0.

Keywords : Innovation; Value co-creation; Sustainable Competitive advantage; young firm; Industry 4.0..

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