Abstract
Innovation implies newness. To define and measure innovation better, we investigated three dimensions of newness: what is new, how new, and new to whom? Drawing on prior research by Schumpeter and Kirzner, we developed a scale that addresses six areas of innovative activity: new products, new services, new methods of production, opening new markets, new sources of supply, and new ways of organizing. Using factor analysis on data from two separate field studies — 684 firms from eight industries and 200 information technology firms — we found that innovation as newness represents a unidimensional construct, distinguished only by the degree of radicalness.
Original language | English (US) |
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Pages (from-to) | 20-31 |
Number of pages | 12 |
Journal | European Journal of Innovation Management |
Volume | 4 |
Issue number | 1 |
DOIs | |
State | Published - Mar 1 2001 |
Externally published | Yes |
Keywords
- Entrepreneurship
- Innovation
- Measurement
- Norway
ASJC Scopus subject areas
- Management of Technology and Innovation