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strategy. They concentrate on a decreasing number of products, increasing above all their operating surplus. Contrary …, enterprises that pursue a diversification strategy prove against it as clearly growth-oriented. However, not all enterprises …, which pursue a specialization strategy, are successful and not all enterprises, which expand their product range, are …
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This study investigates how local milieus foster innovation success of firms. We complement the common practice of linking firm performance indicators to regional characteristics with survey evidence on the perceived importance of locational factors. While the former approach assumes that...
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