Cited by 2,758Innovation and Knowledge ManagementFirm Innovation and GrowthBusiness Strategies and Innovation

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Innovation in conservative and entrepreneurial firms: Two models of strategic momentum

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Miller, Danny, Friesen, Peter H.·1982·Strategic Management Journal

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Abstract

Two very different models of product innovation are postulated and tested. The conservative model assumes that innovation is performed reluctantly, mainly in response to serious challenges. It therefore predicts that innovation will correlate positively with environmental, information processing, structural and decision making variables that represent, or help to recognize and cope with these challenges. In contrast, the entrepreneurial model supposes that innovation is always aggressively pursued and will be very high unless decision makers are warned to slow down. Thus negative correlations are predicted between innovation and the variables that can provide such warning. Correlational and curvilinear regression analyses revealed that each model was supported by conservative and entrepreneurial sub‐samples, respectively, in a diverse sample of 52 Canadian firms.

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Authors: Miller, D., & Friesen, P. H.
Affiliations: HEC Montréal (CA)
McGill University (CA)
ORCID: Miller, Danny
Venue: Strategic Management Journal
Publisher: Wiley
Published: 1982-01
Volume: 3
Issue: 1
Pages: 1-25
ISSN: 0143-2095 (ISSN-L)
1097-0266
DOI: 10.1002/smj.4250030102
OpenAlex: W1968725802
Cited by: 2,758
References: 35
Citations by year: 2026: 52 · 2025: 65 · 2024: 63 · 2023: 94 · 2022: 106 · 2021: 123 · 2020: 134 · 2019: 114 · 2018: 133 · 2017: 107 · 2016: 107 · 2015: 138 · 2014: 134 · 2013: 137 · 2012: 129
FWCI: 30.80
Type: journal article
Language: en
Open access: green
papers.ssrn.com
Licence: onlinelibrary.wiley.com/termsAndConditions#vor (vor, 9076 d)
Locations: Strategic Management Journal (publishedVersion)
SSRN Electronic Journal (submittedVersion)
Topics: Social Sciences › Business, Management and Accounting › Strategy and Management › Innovation and Knowledge Management
Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Firm Innovation and Growth
Social Sciences › Business, Management and Accounting › Strategy and Management › Business Strategies and Innovation
Keywords: product innovation, entrepreneurial firms, innovation models, environmental uncertainty, information processing, organizational structure, decision-making, curvilinear relationship

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Innovation in conservative and entrepreneurial firms: Two models of strategic momentum

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