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The fast growing body of radical innovation research is fragmented and difficult to overlook. We provide an overview of the most cited journals, authors, and publications and conduct a bibliographic coupling to structure the literature landscape. We identified the following research clusters: management of radical innovations, organizational learning and knowledge, financial aspects of radical innovation, radical innovation adoption and diffusion, radical industry innovations as challenges for incumbents, and radical innovation in specific industries. Based on an in-depth content analysis of these clusters, we identify the following future research opportunities: A systematic compilation of all intra- and extra-organizational management aspects, moderators, and mediators, extending radical innovation research's epistemological basis by adding strategic foresight, further research in individual, group (team), organizational, and inter-organizational capabilities required for radical innovation, a managerial perspective on adoption and diffusion of radical innovations, applying portfolio theory and real options theory to radical innovation research, stronger research efforts on coping strategies for firms faced with competitors' radical innovations, and intensifying both industry-specific and cross-industry research.

What are the determinants of creativity, novelty, and innovation? In this paper I explore this question through an analysis of data from the Song Explorer podcast, where composers describe how they created a specific song. I mine their accounts to classify their processes into seven different, but not mutually exclusive, theories of the creative process. The result of this exercise suggests that the recombination of existing songs is a major process for the creation of new successful songs. The second step uses the average number of daily YouTube views per day since the songs’ video release as a measure of the song’s impact, and tests how this impact is associated with the seven theories. For each song in the sample, I have one or more other songs which were explicitly indicated as an influence or inspiration. I use the music genre classification system Every Noise at Once, that provides a map of over 1800 genres and millions of songs to create a set of descriptive statistics of the similarity of each song to their inspiration-songs. These statistics are used to measure different recombination strategies in a regression that seeks to explain songs’ relative success, while controlling for other determinants, such as the artists’ established level of popularity. The results confirm the optimal differentiation hypothesis that the simultaneous presence of conventionality together with novelty, and not just one or the other, is a major determinant of creativity and success.

Nearly three decades have passed since the new knowledge and technologies like genetics and biotechnology have emerged. By passing through various periods in which labor force, resources and capital, each one at a certain time, have been comparative and competitive advantages for a more powerful economy, biotechnology is one of the advanced technologies that countries are investing in, in order to achieve sustainable development in the current century. The capabilities of this knowledge are the creation of fundamental and gradual innovations, in addition to the several applications that generate wealth for countries. For this purpose, innovation policies in biotechnology have been addressed here. This study draws on the resource based theory and examines the research development polices, international-corporate collaboration policies and government supportive innovation policies. The statistical population of this study consisted of 165 responses from the directors and experts active in the field of biotechnology industry in Iran (pharmaceutical, food and agriculture). Research hypotheses were tested using SMART PLS software. The results of the research revealed that research development polices, international corporate collaboration policies and government supportive innovation policies have a significant impact on the development of biotechnology innovation activities. In addition, we have discussed the implications of the study as well as given some future directions.

This paper aims at investigating the role of makers in open innovation networks by focusing on whether and how knowledge leaks occur in open innovation networks with makers. In the last years, makers have been widely recognized as conducive to innovation and growth in different fields through a novel and open approach. However, little is known about the role played by makers and, more specifically, about the flow of unintended knowledge – i.e. knowledge leaks. Data have been collected by iteratively deploying a snowball sampling technique in an Italian high-tech cluster with a dense and heterogeneous ecosystem of makers. Data analysis relied on social network analysis method and techniques. Findings shed light on a totally unexplored phenomenon and suggest intriguing implications both for theory and practice on whether and how knowledge is exchanged in innovation networks and how knowledge leaks occur. JEL classification: O3, Keywords: Open innovation, Maker Movement, Knowledge leak, Cluster, SNA, Multiplexity

Purpose: The purpose of this paper is to formulate a multiple regression model by considering those factors which are positively affecting the growth of Micro, Small and Medium Enterprises (MSMEs) in India. Methodology: The data used in this study are primary in nature which are collected through questionnaire method. The questionnaire involves the nature and size of business and opinion of the owners and managers of 454 MSMEs in Katihar district, a semi-urban area of Bihar in India, regarding the various favourable factors of digital banking on a Likert scale of 1 to 10. Findings: The findings of the study suggest the various favourable factors of digital banking with significant coefficients i.e. Level of Easiness in accepting payments, Level of Easiness in making payments, Level of Easiness in Managing the expenditure of Business, Level of Time Saving, and Level of Check on Misappropriation or Theft of Cash are contributing towards the growth of MSMEs in India. Research Implications: This research will be helpful to the bank managers and policy makers to encourage the MSMEs of semi-urban areas to use digital banking by stressing on only significant favourable factors and also to take necessary steps so that the MSMEs could reap the full benefits of digital banking. The study could give a new insight regarding the extent of contribution of digital banking towards the growth of MSMEs in rural and semi-urban area.

There is a growing body of literature exploring the skill content of jobs. This paper contributes to this research by using data on the task content of occupations in developing countries, instead of U.S. data, as most existing studies do. The paper finds that indexes based on U.S. data do not provide a fair approximation of the levels, changes, and drivers of the routine cognitive and nonroutine manual skill content of jobs in developing countries. The paper also uncovers three new stylized facts. First, while developed countries tend to have jobs more intensive in nonroutine cognitive skills than developing countries, income (in growth and levels) is not associated with the skill content of jobs once the analysis accounts for other factors. Second, although adoption of information and communications technology is linked to job de-routinization, international trade is an offsetting force. Last, adoption of information and communications technology is correlated with lower employment growth in countries with a high share of occupations that are intensive in routine tasks.

Crowdfunding represents an alternative way of funding entrepreneurial ventures – and is attracting a high amount of interest in research as well as practice. Against this background, this paper analyzes reward-based crowdfunding campaign strategies and their communication tools. To do this, 446 crowdfunding projects were gathered and empirically analyzed. Three different paths of successful crowdfunding projects could be identified and are described in detail. Practical implications of crowdfunding strategies are derived, and are dependent on the required sales effort and the project added value. The terms communicator, networker and self-runner are created for this crowdfunding strategy and filled with practical examples. This paper contributes to the literature in different ways: first, it sheds more light on the developing concept of crowdfunding, with an overview of current academic discussions on crowdfunding. Furthermore, the analysis of success factors for crowdfunding initiatives adds to an emerging area of research and allows entrepreneurs to extract best practice examples for increasing the probability of successful crowdfunding projects under consideration of the key influencing factors of communication.

Diversity has been considered as a prerequisite for turning prevailing technological trajectories into new and unexpected directions. However, little evidence exists on the exact nature of the more direct relationship between diversity and the impact of technologies. One main contribution of this paper is therefore to investigate the relationship between technological diversity and the impact of inventions across EU regions. Using EPO patent data, a set of measures is created considering different notions of diversity and different levels of technological aggregation, as allowed by the hierarchical structure of the International Patent Classification (IPC). The technological impact of inventions is captured by two citation-based indicators measuring an average and a high impact. For both measures we find that diversity is typically detrimental, or at best neutral, for the impact of new technologies, except when a very fine-grained technological detail is taken into account. However, in the latter case, nearly opposite results are found, namely, positive effects from related variety and, particularly for high technological impact, from combination of relatively distant technologies. Therefore, an important contribution of this paper is to show that these effects are very sensitive to the aggregation level used, and hence that policymakers should gain a very detailed understanding about the relations among technologies before implementing either specialization or diversification strategies., JRC.DDG.01-Econometrics and applied statistics