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The Underemphasized Role of Established Firms as the Sources of Major Innovations Export

Ind Corp Change, Vol. 5, No. 4. (1 January 1996), pp. 1181-1203.

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established firms innovations major role sources underemphasized

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We argue that established firms, including industry incumbents and diversifying entrants, play vital and underemphasized roles as the sources of major innovations in many industries. The study presents empirical evidence showing that established firms are often sources of major innovations in the telecommunications and medical sectors. We conduct an exploratory investigation of how variation in the types of technical and market change influence whether industry incumbents, diversifying entrants or new companies are the sources of major innovations. 10.1093/icc/5.4.1181


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