are played when and by whom.In this article, roles are attributed to different stages of innovation and organizational … development.A central theme is the relation between discontinuity, in radical innovation (exploration), and continuity, in … towards radical innovation.Parallel to this there are processes of organisational development. …

This paper constructs an equilibrium model of entrepreneurial innovation where individuals differ in their attitude … toward uncertainty.Unlike previous models of innovation, the firm-formation process is endogenous.An entrepreneur, who owns …'s willingness to work with the uncertain technology.The general equilibrium setting allows us to explore the impact of innovation on …