This paper empirically examines the relationship between a firm’s financial
success and its innovation strategy, that is, how it utilises or does not
utilise professional service workers and researchers. Our empirical analysis
uses a survey administered in 2006 to 324 Jamaican business and
governmental organisations. We empirically investigate two questions: 1)
what factors determine a firm’s innovation strategy; and, 2) which
innovation strategies increase the financial success of firms. We find that