Business start-ups and young enterprises introduce new products to the market and employ new processes for production. In order to create these new products and processes, firms often engage in R&D. Since…
Patents are frequently viewed as major policy tool in order to stimulate R&D. In recent years however, doubts emerged whether this is the case for all technology areas. Theoretical research has shown that when…
It is known that small firms rely mainly on the CEO's individual knowledge for developing innovations (Burton, 2001; Cook, 1999). Recent work suggests that this approach underutilizes other employees’ knowledge…
