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Article
A study of Schumpterian (radical) vs. Kirznerian (incremental) innovations in knowledge intensive industries
Journal of strategic innovation and sustainability
  • Cory Taylor Cromer, Oregon State University
  • Clay Dibrell, University of Mississippi Main Campus
  • Justin B. Craig, Bond University
Date of this Version
1-1-2011
Document Type
Journal Article
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

© Copyright North American Business Press, 2011. All Rights Reserved.

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.

Citation Information
Cory Taylor Cromer, Clay Dibrell and Justin B. Craig. "A study of Schumpterian (radical) vs. Kirznerian (incremental) innovations in knowledge intensive industries" Journal of strategic innovation and sustainability Vol. 7 Iss. 1 (2011) p. 28 - 42 ISSN: 1718-2077
Available at: http://works.bepress.com/justin_craig/50/