Capon, Noel; Farley, John U.; Lehmann, Donald R.; … - In: Management Science 38 (1992) 2, pp. 157-169
groups are based on 27 measured elements of corporate environment, corporate strategy, and formal and informal organization … heavily in innovation perform best financially. A smaller group of firms that are not innovative but which follow a strategy … of acquisition perform nearly as well financially. Firms focusing research resources on process innovation perform poorly …