The simulation studies presented by Nelsen and Winter (1982) examine the modelling of industry dynamics. These studies are a prominent and unique approach visualizing innovation and imitation processes. Assuming the standard model envisages firms acting individually, this paper treats the...

An important indicator or even the crucial factor of the competitiveness of a company can beseen in its innovative capacity, i.e. the abstract capacity to launch continuous product innovationsand to implement the required processes in the internal structure of an organization. This isalso true...