They may benefit from advantages not available for smaller, more innovative firms which have been seen as problematic.
After a few rather modest assignments, larger commissions materialized making the company one of the most innovative and successful architectural firms in Germany.
You need a special place to nurture innovative firms like that.
In this paper, Teece explained why innovative firms often fail to capture economic returns from their invention.
Deloitte & Touche, the accounting giant, is among the more innovative firms in that regard.
Unique Historical Conditions: an innovative firm gains low-cost access to rare resources in a particular time and space.
New innovative firms are joining the industry as cloud based document collaboration gets adopted more and more by businesses around the world.
The emphasis is not on the protection of big business as the main sectors of the economy, but the highly mobile and innovative small firm.
The most innovative firms were approximately four times as profitable, achieving average profit margins of 11.7 percent.
"But by and large, these companies will be innovative, market-oriented firms with well-developed skill bases."