Innovation and Organizational Cost Saving: A Case from Malaysian Innovation Project

Abstract

This study investigates the relationship between innovation and the cost saving per year of the corporation and the governmental sectors. Consideration amount of the cost saving per year by sectors that involved in this study is also accounted as to support the relationship between variables. This study uses the secondary data obtained from Malaysia Productivity Corporation (MPC). The predictor and the outcome of the model will explain whether the relationship with both variables does exist. The data consist of innovation project that conducted by the taskforce in the business organization and non-business organization which previously in the manufacturing sector (MS), servicing sector (SS) and the public sector (PS). The data gathered is in a form of qualitative and quantitative which is needed to be justified first before it simply can be analyzed. The data are analyzed by using SPSS 21. Analysis of variance (ANNOVA) is used to determine the variance between different groups and the Pearson Correlation to determine the relationship between variables.

DOI: 10.5901/mjss.2015.v6n5s2p495