Research on learning processes in an entrepreneurial context is still in an early stage. Only recently, researchers’ attention has shifted on the cognitive processes that take place as opportunities are explored, solutions are developed, and their potential risk and returns are gradually made...

In order to understand the organizational sources of continuous innovation, the paper provides an in-depth analysis of a leading company in the hearing aid industry, which showed impressive ability to develop and introduce innovation in the Nineties. Findings focus on three dynamic capabilities...