Modes and dynamics of innovation differ depending on firm and industry characteristics. Several of the articles discuss, directly or indirectly, that the ability of firms to innovate is affected by (depends on or is constrained by) firm size and/or age, and how firms may deal with the liabilities of age and size.
What is the differences between large/small and old/young firms’ when it comes to innovation. Reflect on both positive and negative effects of firm size and age, and strategies to deal with liabilities of age and size.