Purpose: This article analyses the new venture creation by patient innovators in 40 countries examining the effects of the four macro-level factors on entrepreneurship, adding a fifth sector-specific (healthcare) factor. Design/methodology/approach: By applying the statistical tool of principal...

Purpose – This paper aims to develop a conceptual decision‐making model aimed at supporting managers' selection of alternative strategic reactions to technological change. Design/methodology/approach – The paper begins with a literature review of strategic reactions incumbent firms have...