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TitleFirm growth and innovation : towards a typology of innovation strategy
Author(s)Eiriz, Vasco
Faria, Ana Paula
Barbosa, Natália
KeywordsFirm growth
Technological innovation
Product development
Issue date2013
PublishereContent Management
JournalInnovation: management, policy and practice
Abstract(s)This article discusses innovation across the firm's life cycle. By discussing how firms’ innovation decisions change over time and across the different stages of firm growth, we add to the literature on innovation and strategic management by proposing a typology of innovation strategy. In this original contribution, innovation strategies are categorized in terms of the type of innovation (product and process) and its degree of novelty (incremental and radical). Crossing these decisions, we identify four innovation strategies: product development, learning by experience, discovery, and restructuring. In our integrative view of technological innovation and firm growth, we propose that each of the four strategies develops over the firm's growth stages (start-up, expansion, maturity, diversification, and exit), make a conceptual contribution to our knowledge on innovation strategy, and suggest further research on this topic.
Publisher version
AccessRestricted access (UMinho)
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

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