• Corpus ID: 251224267

Long-run patterns in the discovery of the adjacent possible

@inproceedings{Taalbi2022LongrunPI,
  title={Long-run patterns in the discovery of the adjacent possible},
  author={Josef Taalbi},
  year={2022}
}
This study analyses long-run patterns of new product introductions in Sweden, 1908-2016. A theoretical framework is formulated that links notions of exploration and exploitation to the notion of innovation as a search process of recombination across knowledge types to discover the set of the adjacent possible innovations. The framework makes predictions about the rate of diversification of product portfolios, the rate of innovation, and the distribution of innovations across organizations. The… 

Figures and Tables from this paper

References

SHOWING 1-10 OF 69 REFERENCES

Innovation and business survival: A long-term approach

Sources, Procedures, and Microeconomic Effects of Innovation

Evaluates the processes leading from the initial ideas for technological opportunities to serious innovative attempts, and finally, to changes in the structures and performance of industries.

Network dynamics of innovation processes

We introduce a model for the emergence of innovations, in which cognitive processes are described as random walks on the network of links among ideas or concepts, and an innovation corresponds to the

What drives innovation? Evidence from economic history

Ambidexterity as a Dynamic Capability: Resolving the Innovator's Dilemma

Abstract How do organizations survive in the face of change? Underlying this question is a rich debate about whether organizations can adapt—and if so how. One perspective, organizational ecology,

Firm spin-offs in Denmark 1981-2000 -- patterns of entry and exit

When Do Acquisitions Facilitate Technological Exploration and Exploitation?

Previous research has suggested that firms need to balance exploitation and exploration. Acquisitions can be used as a way to explore (i.e., develop new areas of technological expertise) or exploit

Measuring Technological Innovation Over the Long Run

We use textual analysis of high-dimensional data from patent documents to create new indicators of technological innovation. We identify significant patents based on textual similarity of a given

Innovation trends and industrial renewal in Finland and Sweden 1970–2013

ABSTRACT We examine trends in innovation output for two highly ranked innovative countries: Finland and Sweden (1970–2013). Our novel dataset, collected using the LBIO (literature-based innovation
...