Abstract
The paper presents an analytical method to define innovation behaviours and technology strategies of companies using patent data.The framework can be used to: 1) analyse single innovation behaviours, 2) map innovation strategies defined as combinations of different innovation behaviours, and 3) describe the patterns of technological evolutions over time. The methodology is tested on a sample of 133 top research and development (R&D) companies belonging to technology hardware & equipment industry, by analysing their patents applied from 2008 to 2012. From the analysis of the behaviours, a preponderance of exploitation strategies that lead to radical outputs is detected. We also uncovered a growing adoption of open innovation and an increasing concentration of R&D efforts on radical outputs.
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