Set Up 5P Model to Figure out the Different Factors of Innovation between Employees from Developing and Developed Countries

Abstract

The primary goal of the research is to establish a 5P model. The 5P model is a five-stage paradigm that comprises preparation, promotion, process, purpose, and prosperity. Inside each of the five phases are 16 critical variables. To study the various parameters mentioned above, 202 employees from emerging and developed nations were recruited. We discovered that 152 applicants work in companies of the same level after completing 202 questionnaire 1 surveys under "which level is your firm's standing”. These applicants will be invited to complete the second inquiry, titled "Company Needs 5P to Go Forward." An independent T-test of 107 responses from 152 employees revealed that the greatest difference between the two groups was caused by the strength component in the promotion stage. Except for the inspection in the process stage, all of the 5P elements created a substantial difference between the two groups. Group 1 has a greater disparity between the two groups than Group 2. Activity in the process stage is the most important factor for group 1; strategy in the prospective stage is the most important factor for group 2. Employees of Group 1 are choosing time in preparation, strength in promotion, activity in process, product in purpose, and strategy in the prospective stage as the most important factors. Employees in Group 2 selected employee preparation, competition in promotion, activity in process, service in purpose, and strategy in the prospective stage as the most essential factors. The factors have a significant impact on the outcomes. By changing the level of 16 factors in the "5 P model," the level of the company will be changed.