Our research examines the role of prior knowledge in learning about really new products that make existing product knowledge obsolete. Those with higher prior knowledge incorrectly generalize from their knowledge of existing products in the same product market and assume that they already know...

We present a broad-based, consumer-centric view of innovation – referred to as “perceived firm innovativeness” (PFI). PFI is conceptualized as the consumer’s perception of an enduring firm capability that results in novel, creative, and impactful ideas and solutions. We develop and...