Towards an Evolutionary Theory of Persistence in Innovation

  title={Towards an Evolutionary Theory of Persistence in Innovation},
  author={Christian Le Bas and William Roberts Latham},
In this chapter we present a first coherent attempt to elaborate an evolutionary theory of persistence in innovation. We constrain our analytical framework in two ways. First, we do not make any attempt to explain why firms do not innovate. We recognize that a more comprehensive theory would explain a firm’s decision to innovate on any basis (persistently, sporadically, or occasionally) or not to innovate at all. However, our objective is more limited in scope: we focus our attention on only… CONTINUE READING

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