Entrepreneurship & Technology. Scientific advances are accelerating, changing technological and business paradigms while impacting firm organizations and industrial structures. One could assume technology entrepreneurship, the creation of new ventures based on technological innovations, is well researched. However, as Shane & Venkataraman (2003) note technology entrepreneurship while resting be...

Steel industry is one of the leading industries in the world. Today it is also one of the fundamental and strategic industries of the world. Per capita production and consumption amount of steel are used as a criterion for evaluation of country development. Furthermore, attention to technological innovations is assumed so much crucial to access the international markets of steel industrie...

We study the implications of the creative destruction lifecycle of innovation for asset prices. We develop a general equilibrium model of endogenous firm creation and destruction where “incremental” innovations by incumbents and “radical” innovations by entrants drive the volatility of growth prospects of the economy. Higher entry—bigger threat of displacement of incumbents by entrants—implies ...

The main objective of this paper is to analyze RFID technology as an innovation concept through the lens of the diffusion of innovation theory. Drawing on the extant literature on the diffusion of innovations –with an emphasis on innovation classifications and the “open innovation”–, as well as on an analysis of a longitudinal case study conducted in a Canadian beverage supply chain currently e...

We study the incentives of a product innovator to license its product “partially” to a potential entrant. In a duopolistic setting we consider product design of a modular nature, which enables the incumbent to license some modules of its innovation. Competition is characterized by the size of the shared component of the product which determines the degree of product differentiation. Therefore, ...

Our study focuses on the question, whether users should be intensively involved in the innovation process of radical product innovations or better not – from the manufacturer’s perspective. Radical innovations incorporate new technologies, shift market structures, require intensive user learning and induce significant behavior changes. Due to these specifics the question arises, whether users p...