In order to gain competitive advantages and maintain high market shares, businesses have to constantly adapt, not only by implementing the latest technology available, but also by creating their own innovations, aiming to make the business both more profitable and more sustainable. Changing the...

Because of its importance in understanding and explaining growth, the topic of innovation has received a huge attention in the economic literature. However, our knowledge of the factors that influence innovation and its related activities is not as exhaustive as it could be. The present study...

The subject of investigation includes the issue of adjusting an innovation strategy of an industrial innovation cluster under uncertain behavior of the external and internal environment. With that in mind, a possibility is regarded as to abandon the cluster strategy that has already been...

Innovation success depends heavily on firm's ability to set priorities and select the most promising options from its project portfolio before the odds of success or failure become visible and reliable. We ask: What does previous innovation experience tell firms about what not to do in the...