A regressive analysis of relations between innovation and business sophistication under a quality management holistic approach
My goal in conducting this study is to present strong connections between innovation and business sophistication, worldwide, since innovation and business sophistication issues, related to quality and quality management too, have been subject to increasing interest all around the world. The methodology of the research was collecting data and information about the innovation index and business sophistication worldwide and describing the newly introduced ISO 56000 family of standards, handling descriptive statistics for innovation index and business sophistication as well as a correlation and regressive analysis (inferential statistics) for relations between innovation index and business sophistication, which resulted on the main conclusion of this study that relations between innovation and business sophistication, statistically verified, are strong, so ISO 56000 standards family application is needed in the time of business sophistication, achieving competitive advantage. The main recommendation is that application of ISO standards generally and the application of the ISO 56000 family of standards helps companies to strengthen their commitment to their clients, improving innovation and business sophistication activities, processes and procedures, and economies worldwide to achieve a competitive advantage.
Keywords:Innovation, business sophistication, ISO standards, quality, quality management, competitive advantage.
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