When the Going Gets Tough: Failure of Innovative Businesses
Pekka Pesonen and
Robert Have
Chapter 10 in Changes in Innovation, 2009, pp 193-212 from Palgrave Macmillan
Abstract:
Abstract Innovation is widely believed to play a key role for the survival and competitiveness of firms. The significance of innovation has been stressed increasingly among academics in recent decades, and policy-makers and practitioners have rather pervasively adopted the view. Nowadays, continuous renewal by firms is considered as an essential organizational process in coping with technological progress (Teece et al., 1997) and the positive effect of innovation as a cornerstone of renewal seems almost unquestionably accepted. Firms can pursue product innovations to go into new industries or markets, or introduce new technologies or product features in their existing domains to extract greater rents or obtain an advantage vis-à-vis their competitors (Burgelman and Sayles, 1986). Greve and Taylor (2000) mention innovation as a ‘competitive weapon’ to get new resources and competences when radically new product introductions undermine the incumbent technological regime.
Keywords: Innovation Process; Product Innovation; Young Firm; Business Register; Successful Innovation (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24862-5_10
Ordering information: This item can be ordered from
http://www.palgrave.com/9780230248625
DOI: 10.1057/9780230248625_10
Access Statistics for this chapter
More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().