This paper examines the relationship between Schumpeterian patterns of innovation and the generation of breakthrough inventions. Our data source for breakthrough inventions is the “R&D 100 awards” competition organized each year by the magazine Research & Development. Since 1963, this...

The shift toward more open and interconnected innovation activities has been a major topic in recent academic and practitioner discussions. Firms must connect their in-house R&D activities with external partners, such as leading customers or universities, to increase the effectiveness of their...

The economics of innovation presents a lot of taxonomies of innovation. This research introduces the scale of innovative intensity (SIIN) based on a meta-taxonomy that subsume other, less comprehensive taxonomy. The SIIN is similar to the seismic scale of Mercalli used for measuring the...

The purpose of this paper, after accurate description of the taxonomies of the innovation available in economic literature, is to evaluate technological change on the basis of the effects provoked by the innovative waves on consumers, firms and markets. Similarly to the Mercalli-Cancani- Sieberg...

The momentous growth in the information and communications technology (ICT) industry has marked the rapid industrial restructuring in Finland. The welfare of the economy is increasingly connected to a sector that has incredible growth potential and that relies on knowledge-based factors of...