The article discusses recent advances and future challenges in innovation studies. First, it separately considers four main strands of research, studying innovation at the organisational, systemic, sectoral and macroeconomic levels. Then, considering the field as a whole, the article points to...

In many innovation settings, ideas are generated over time and managers face a decision about if and how to provide in-process feedback to the idea generators about the quality of submissions. In this paper, we use design contests allowing repeated entry to examine the effect of in-process...

The choice of performance measures is one of the most critical challenges facing corporate. Performance measurement systems play a key role in developing strategic plans, evaluating the achievement of organizational objectives, and compensating managers. Yet many managers feel that traditional...

Research highlights the role of external knowledge sources in the recognition of strategic opportunities, but is less forthcoming with respect to the role of such sources during the process of exploiting or realizing opportunities. We build on the knowledge-based view to propose that realizing...

The front end of innovation has earned the adjective ‘fuzzy,' particularly as it is considered unstructured, non-linear, and highly iterative (Khurana and Rosenthal 1998; Koen et al. 2001; Verworn et al. 2008). But this should not be misunderstood as a need to rely on hope or chance encounters to...

To ensure long-term competitiveness, companies need to develop the ability to explore, plan, and develop new business fields. A suitable approach faces multiple challenges because it needs to (1) integrate multiple perspectives, (2) ensure a high level of participation of the major stakeholders...

The terms innovation and entrepreneurship are commonly used - but not always with the same understanding. There is an obvious strong relationship of both areas, however, barely articulated. Moreover, so far there is few consensus among researchers regarding innovative and entrepreneurial...

Innovation plays a central role in economic development, at regional and national level. In the competitive environment companies are obliged to produce more rapidly, more effectively and more efficiently in new product development which is a result of research and development (R&D) activities....

To tackle the European Union's innovation system weaknesses in the commercialization of the research results, in 2009 the European Commission (EC) has launched an open call for the creation of 2-3 Knowledge and Innovation Communities (KICs), the operative level of the European Institute of...

Innovation is a key factor for survival of an organization in a global economy and market scenario. It exists in different formats and at different phases of life-cycle of a product at the micro level in an organization or in the society at the macro level. Human resources play the most...