Some works consider that innovation orientation “encompasses the total innovation programs of
companies and is strategic in nature because it provides direction in dealing with markets” (Manu,1992). In the same vein, Manu and Sriram (1996) conceptualize innovation orientation as a multicomponent construct consisting of new product introduction, R&D expenditures and order of market entry, whereby “single variable categorizations of innovativeness do not fully capture the complexities of innovativeness”. However, this latter work considers variables that determine the impact of the market strategy on benefits exclusively, which constitutes a limitation.