We provide new insights into the role of individual inventors in innovation. We focus our analysis on prolific inventors in China, Japan, Korea and Taiwan. We analyse patents issued by the U.S. Patent and Trademark Office to thousands of inventors from those countries between 1975 and 2010 to...

The global economic crisis of 2008/2009 hit many firms hard. Faced with rapidly declining sales and highly uncertain economic prospects, firms had to cut costs and reconsider their business strategies. With respect to innovation, cost cutting often means to stop or underresource innovation...

The aim of this paper is to examine regional differences in innovation activities of Polish enterprises in 2004-2010 on the basis of statistical data published by the CSO. The survey covered such issues as: expenditures on innovation activities (level and structure), the share of...

Evolutionary economic theorizing and related approaches explain persistent heterogeneity in R&D activities between firms with persistent inter-firm differences in R&D-related routines and capabilities. Emphasizing the importance experiential learning leading to pathdependence of R&D strategies,...

In this work, we explore the relations between sales growth and a set of innovation indicators that capture the different sources, modes and results of the innovative activity undertaken within firms. We exploit a rich panel on innovation activity of Spanish manufacturing firms, reporting...

We report results from a novel experiment where participants invest an endowment across multiple options, with investment in one option disrupting (reducing) the value of another option. While expected payoff maximization predicts the comparative statics of aggregate investment well, it does not...

This paper studies the macroeconomic implications of firm-branding activities. We show empirically that firms build market share by creating new brands, developing their existing brands, and buying established brands from other firms. Sales and prices of the underlying branded products tend to...

This study examines whether staged project management is beneficial or harmful for making product innovations. Using a unique firm survey for Japan, we find that firms that employed staged project management had a higher likelihood of introducing new products to the market. Additional...

Despite its importance, government support for firms that adopt servitization in their businesses is severely lacking. This is because there is little known about the status of servitization; little is known about which firms are likely to implement servitization, how many firms have adopted...

Any business can be devastated virtually overnight by a new offering that is both better and cheaper. We call this strategy “Big Bang Disruption,” because its introduction signals the complete and often sudden re-invention of the industries it affects. This article describes the special...