We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

Technology strategy variables tend to predominate as predictors of survival in the fast-changing rigid disk drive … particular, we propose that firms that target new market segments with an architectural innovation will tend to be more … successful than those that target existing markets or innovate in component technology, even after controlling for all the …