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Title: Innovation speed under uncertainty and competition
Author(s): Briest, Gordon
Lukas, ElmarLook up in the Integrated Authority File of the German National Library
Mölls, Sascha H.
Willershausen, Timo
Issue Date: 2020
Type: Article
Language: English
URN: urn:nbn:de:gbv:ma9:1-1981185920-871200
Subjects: Innovation
Firm's ability
Abstract: Innovation speed is widely considered to be a key factor for a firm's ability to maintain competitive advantage. Primarily, empirical evidence has found contradictory interdependencies regarding the role of innovation speed. The prevailing proposition of “the faster the better” has been challenged by results of empirical studies heavily depending on the methodological setup used. In contrast, we propose a model of the complete innovation process to study innovation speed under uncertainty and competition. We find that higher market uncertainty speeds up innovation and encourages firms to innovate incrementally. Strong competition tends to reduce innovation speed and encourages rather radical innovation.
Open Access: Open access publication
License: (CC BY 4.0) Creative Commons Attribution 4.0(CC BY 4.0) Creative Commons Attribution 4.0
Sponsor/Funder: Projekt DEAL 2020
Journal Title: Managerial and decision economics
Publisher: Wiley
Publisher Place: Chichester [u.a.]
Volume: 48
Issue: 8
Original Publication: 10.1002/mde.3199
Page Start: 1517
Page End: 1527
Appears in Collections:Fakultät für Wirtschaftswissenschaft (OA)

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