This paper deals with the characteristics of two basic elements for the study of innovation in the firm: the concept of technological innovation, which is defined as a flow magnitude; and the concept of technology, which is defined as a stock magnitude. The technological innovation process is characterized by: being of a continuous nature; being path dependent; being irreversible and being affected by uncertainty. Technology, as the main product of this innovation, has the properties of knowledge and is characterized by: having a large tacit component; being difficult to transfer; being assimilated by accumulation; and being partially appropriable. These characteristics are articulated in a series of propositions that could contribute to the establishment of a consistent ground for the study of the technological innovation management.
Nieto, M. (2004), "Basic propositions for the study of the technological innovation process in the firm", European Journal of Innovation Management, Vol. 7 No. 4, pp. 314-324. https://doi.org/10.1108/14601060410565065
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