Criticisms of the linear model of innovation

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Identify and briefly explain any three criticisms of the linear model of innovation as typified by the first two generations of innovation models. In a concise manner, explain the main critique of the third generation model, particularly as exemplified by the Utterback and Abernathy model.

One of the main challenges to the five generations of innovation models is that they do not deal with problem of "catching up" in latecomer economies. What do you understand by the concept of catch-up? How would you classify the simple lifecyle model of catch-up innovation at the firm level that was developed by Kim (1997) using the paths or choices for catching up proposed by Lee (2013)? Please state the reason for your selection.

Reference no: EM133232719

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