Title
A study of Schumpterian (radical) vs. Kirznerian (incremental) innovations in knowledge intensive industries
Date of this Version
1-1-2011
Document Type
Journal Article
Abstract
In this study we draw upon Schumpeterian and Kirznerian theories of innovation, to frame through use of U.S. patent data for the pharmaceutical and biotechnology industries for investigating the value of an organization’s knowledge through its intellectual property. Measures for both radical and incremental are developed and tested against firm performance. Our findings support the perspective of knowledge generation increasing financial and market performance returns for ventures concentrating their resources on the pursuit of Schumpeterian radical innovations through a strong organizational emphasis on the knowledge impact compared to lower performance returns for ventures which sought incremental innovation.
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This document has been peer reviewed.
Publication Details
Citation only.
Taylor Cromer, C., Dibrell, C., & Craig, J. B. (2011). A study of Schumpterian (radical) vs. Kirznerian (incremental) innovations in knowledge intensive industries. Journal of strategic innovation and sustainability, 7(1), 28-42.
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2011 HERDC submission. FoR code: 150304
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