Abstract
Inspired by Schumpeter, researchers studying the influences of technical change on industries and firms have sought to classify types of technical change according to how dramatic the shift is in the technology underlying products in an industry. Such technical changes have been commonly classified as either radical or incremental. Radical technical change is a discontinuous shift in the base of scientific or technical knowledge underlying the products in an industry or product class, whereas incremental technical change is continuous refinement along an existing technological trajectory.
| Original language | English (US) |
|---|---|
| Title of host publication | The Palgrave Encyclopedia of Strategic Management |
| Publisher | Springer Science+Business Media |
| Pages | 1387-1389 |
| Number of pages | 3 |
| ISBN (Electronic) | 9781137007728 |
| ISBN (Print) | 9781137491909 |
| DOIs | |
| State | Published - Jan 1 2018 |
Bibliographical note
Publisher Copyright:© Macmillan Publishers Ltd., part of Springer Nature 2018