A measurement scale for product innovation performance

Purpose – The purpose of this paper is to report the results of a study aimed at conceptualising and developing valid measurements for two key dimensions of product innovation performance‐efficacy and efficiency – in the context of firm competition. Design/methodology/approach – Data were collected from French biotechnology firms. Using structural equations modeling, the constructs’ measurement models were tested and the scale was validated. Findings – The results of the study indicate that the operational measures developed here satisfy the criteria for unidimensionality, reliability, and validity. Research limitations/implications – This study contributes to innovation management research by providing a set of valid and reliable operational measures. These measures are expected to help researchers in theory testing. Because of the sample features, final results should be considered with caution. Practical implications – The proposed measurement scale for product innovation performance could be implemented as an innovation audit tool. Originality/value – This paper provides a new measurement instrument for product innovation performance.