ABSTRACT
First published in 1997, this study looks at the aspect of technological innovation that firms must constantly address if they are to remain viable concerns. The chapters document key theories and ideas that have played an important role in the evolution of current understanding of how technologies change and how such changes come to be adopted by the market system; hypotheses within a specific empirical context; namely, the pacemaker industry since its commercial beginnings in 1959 until 1990; how the various dependent and independent variables are constructed; and finally the results of the empirical analysis.
