This paper investigates the relationship between product market competition and innovation. It uses the radical policy … competition and patenting. It then develops an endogenousm growth model with step-by-step innovation that can deliver this … inverted-U pattern.In this model, competition has an ambiguous effect on innovation. On the one hand, it discourages laggard …

A paradox in innovation management is that firms deploying what is generally recognised 'good practice' can find … to dealing with 'steady state' innovation differ from and may even conflict with those needed to explore and exploit … study firm working in the medical products field. It argues that firms need to learn to manage innovation but that two …