Sofka, Wolfgang; Schmidt, Tobias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
There appears to be an ambivalent dimension in innovation strategies: timing. When is an innovation ready for the … market or when is the market ready for the innovation? This paper empirically investigates the determinants of a firm …?s decision to become a first mover or a follower in innovation strategies. Much of theoretical and empirical work has focused on …