Firm strategy and innovation dynamicsIlič, Branko (Avtor) Mesner-Andolšek, Dana (Avtor) business strategyinnovation strategyinnovationscatching-up economiesFirms of different business strategy types reveal different behavioural patterns in their innovation and business performance while facing various difficulties as they seek to adapt to a turbulent competitive environment. Accordingly, we want to make progress by using the dynamic view, which follows the Schumpeterian perspective of firm behaviour through innovation (business) strategy. We advocate a dynamic approach to the strategic and behavioural patterns influencing business performance that is appropriate for small and mediumsized firms as well as giant corporations in highly competitive industries and catching-up economies. Thus, by combining different theoretical approaches we develop an alternative conceptual "cost-advantage leader-follower" (CALF) model of innovation for when firms are developing cost-cutting process inventions20212022-08-24 13:19:29Članek v reviji138893UDK: 005.591.1:338.5ISSN pri članku: 0040-3598DOI: 10.51936/tip.58.1.136-159COBISS_ID: 58943235sl