Compared to large established firms, technology-based new firms (TBNF) seem well placed to produce breakthrough innovations although questions remain as to their adeptness at subsequent exploitation. Building on the innovation and strategy literatures, the study identifies two different...

We examine the progress of the evolutionary research on innovation, the firm, and the dynamics of industries in the last four decades. The paper acknowledges that the themes related to knowledge and technological regimes, the evolutionary processes leading to innovation, and the long-term...

This article proposes a novel perspective of technological change based on the ‘Woesian’ model ofcell evolution to study technological change and, in particular, the origins of radical innovation. Themodel identifies horizontal gene transfer (HGT) as a critical force that drives evolution...