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• W2289642240 abstract "A widely observed yet little studied phenomenon in the competitive behavior of innovating firms is what we call ‘creative cycles’. This occurs when the firm’s innovative strategy cycles between bold visions and more conservative positions. We propose an appreciative theory of this dynamic behavior using agency theory (a principal and two agents) in the specific context of firms that contract in ‘creative vision’. Examples are provided, concentrating on the automotive industry. We conclude that while creative cycles are a constant risk for individual firms, there are also potentially significant net societal benefits due to the industrial dynamics they engender." @default.
• W2289642240 created "2016-06-24" @default.
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• W2289642240 creator A5067200356 @default.
• W2289642240 date "2013-01-01" @default.
• W2289642240 modified "2023-09-27" @default.
• W2289642240 title "Creative Cycles in Firms" @default.
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• W2289642240 doi "https://doi.org/10.2139/ssrn.2291377" @default.
• W2289642240 hasPublicationYear "2013" @default.
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