Review of Radical Innovation in Small and Large Firms

Abstract

There is a surprising dearth of literature discussing radical innovations, yet, a common definition in either quantitative or qualitative terms has yet to emerge. This paper shows the genesis of radical innovation literature illustrates and how both small and large firms in differing degrees generate radical innovation. The paper then proceeds to distinguish the characteristics of incremental versus radical innovation. The paper then illustrates the uncertainty of whether small for large firms produce greater levels of radical innovation.