Long-run technological progress is cyclical because drastic innovations that introduce new technological opportunity are only profitable at times when repeated incremental innovation has nearly exhausted existing technological opportunity and driven entrepreneurial profit and income growth towards zero. The article presents a ’technological opportunity model’ where endogenous drastic and increm...

Economic models suggest that firms use a simple cost-benefit calculation to evaluate customer requests for new product features, but an extensive organizational literature shows the decision to implement innovation is more nuanced. We address this theoretical tension by studying how firms respond to customer requests for incremental product innovations, and how these responses change when the r...

The paper explores the institutional determinants of differences in European, Japanese and American unemployment and innovation pattern in a „comparative institutional analysis“ perspective. Building on the definition of different modes of coordination among firms, the question is addressed as to how institutional settings affect firms’ innovation strategy. A generalized efficiency wage model i...

The purpose of this study was to find out the relationship between Organizational Inertia, Customer Orientation, Incremental Innovation and Performance. sample used in were 180 MSME companies spread across East Java. reason MSMEs are is related concept organizational inertia that attached small-scale companies. From it found incremental innovation not a mediating variable links customer orienta...

Using a knowledge-based theory of the firm within the larger framework of resource-based theory, this ongoing study examines how firm knowledge structures are disrupted under different modes of innovation. Building further on innovation management theory, it is proposed that e-business innovation must be analysed at two related levels: the business model level and systems level. Irrespective of...

Innovation and knowledge creation—these two concepts have a strong relationship but this relationship has not been examined systematically. This paper reviews the important theoretical work in both streams of research, highlighting the fundamental similarities and differences. Four major models of innovation are compared, and the distinction between radical and incremental innovation is examine...

The concepts of market orientation and innovation and their interrelationship with business success have been explored from a number of perspectives. However, research in this area has not explored the differences between start-up and mature companies. The research study acquired data from over two hundred Chief Operating Officers (CEO’s) and Managing Directors from both start-up and mature com...