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date: 27 September 2020

Abstract and Keywords

This article provides a discussion of the complex relationship between large firms and innovation with particular attention paid to entrepreneurial mechanisms in large firms that foster such innovation. It should be noted that while the definition of entrepreneurship in this article covers all types of opportunity-seeking behaviour, the article focuses exclusively on the sub-set of entrepreneurship that results from technological progress and on the innovations associated with such progress. The article surveys the relationship between size and innovation. It elaborates on distinct barriers to innovation in large firms and then discusses factors and processes that help foster and sustain innovation in large firms before concluding with some avenues for further research.

Keywords: innovation, large firms, entrepreneurial mechanisms, entrepreneurship, technological progress, barriers to innovation

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