The vast majority of radical innovations since World War II have come from new and small firms.

Question

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According to research studies, a significant proportion of radical innovations since World War II have come from new and small firms. This is mainly due to their flexible and adaptable nature, ability to take risks, and focus on disruptive technologies, unlike larger firms that tend to focus on incremental improvements to existing products and services. However, it is important to note that larger companies also contribute to the innovation ecosystem, particularly through acquisitions and partnerships with smaller firms.

The Vast Majority of Radical Innovations Since World War II