This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...

Forward-looking activities (FLAs) can influence innovation systems in various ways to a significant extent. This paper focuses on changes induced by FLAs in the innovation policy governance sub-systems (IPGSs) of the national innovation system (NIS). Our knowledge is surprisingly limited even on...

Understanding the factors affecting the direction of innovation is a central aim of research in the economics and strategic management of innovation. Progress on this topic has been inhibited by difficulties in measuring the location and movement of innovation in ideas space. To date, most...

What is a disruptive innovation? This study confronts this question here by presenting different approaches, which endeavor to explain the dynamic behavior of disruptive technologies in competitive markets. Firstly, this study introduces destructive technology as a radical innovation, based on...

Technology is a complex system formed by different elements given by incremental and radical innovations to satisfy needs, achieve goals and/or solve problems of adopters to take advantage of important opportunities or to cope with consequential environmental threats. This study suggests...

The recent surge in AI technologies places a premium on decision-making skills as a complement to the technology. Yet, little is known about how decision-making skills are developed. We theorize and provide empirical evidence of the benefits of experience – intensity, diversity and difficulty...

The European Council in Lisbon set the European Union the strategic goal of becoming the most competitive and dynamic knowledge-based economy in the world by 2010. The measures to be implemented by 2010 pursuant to the conclusions of the Council are primarily to serve the goals among which one...

This article is a survey of literature that provides general suggestions and recommendations as to how the top ten wealthiest African American owned businesses (six of the ten companies operating in two industries) can partner with African countries suitable to their expertise for mutual...

This paper reviews recent economic theorising on innovation from the angle of analysing social innovations (SI). It is structured as follows: Some of the basic notions used in innovation analyses are considered in section 2, focusing on the subject, objectives and levels of change. Section 3...