Theories of innovation have drawn on the dominant form that the process took in the 1960s and 1970s: one characterized … corporations' research laboratories. Those specific assumptions and conceptions of the innovation process overshadowed the role of … creation of artifacts out of available resourcesÐ is a fundamental element in innovation, in particular in generating novel …

in those sectors innovation may often not be the best strategic choice for market entry. In high-tech industries the … boundaries between the innovation and imitation are often blurred. Hence, following the pioneer does not eliminate risk of market …

significant advances in understanding the determinants and consequences of innovation, until recently they have paid little … attention to how innovation functions as an economic process. This book examines the nature and workings of markets for …