Science and Technology Parks (STPs) foster innovation between firms inhabiting the cluster. Networking channels are considered as integral parts of the knowledge exchange process, and therefore the innovation process. We simulated three organizational topologies for STPs; firstly, in the star...

Firms with more levels of decision-making hierarchies achieve in average poorer results but have lower overall risks. This is the consequence of poor managerial assessments, where errors of the first and second order reduce the firm’s performance. Despite the negative effect of hierarchies,...