TL;DR: The dynamics of innovation in industry dominant designs and the survival of firms product innovation as a creative force innovation and industrial evolution innovation in non-assembled products differences in innovations for assembled and nonassembled products invasion of a stable business by radical innovation.
Abstract: The dynamics of innovation in industry dominant designs and the survival of firms product innovation as a creative force innovation and industrial evolution innovation in non-assembled products differences in innovations for assembled and non-assembled products invasion of a stable business by radical innovation the creative power of technology in process innovation innovation as a game of chutes and ladders innovation and corporate renewal.
TL;DR: The distinction between tacit and codified knowledge is indeed very important, but it constitutes only a part of the categorization of the dimensions of knowledge relevant for understanding innovative activities and firms' and industrial evolution as discussed by the authors.
Abstract: We argue that the distinction between tacit and codified knowledge is indeed very important, but it constitutes only a part of the categorization of the dimensions of knowledge relevant for understanding innovative activities and firms' and industrial evolution. In particular, we emphasize the relevance of the notion of competencies and of some further properties of knowledge, like technological regimes (opportunities, accessibility and cumulativeness), domains of knowledge (in terms of technology, demand and applications) and knowledge complementarities (and the related issues of coordination and integration of these complementarities). Copyright 2000 by Oxford University Press.
TL;DR: In this paper, the authors propose that institutions have an impact on the direction of the diversification process, in particular on whether countries gain a comparative advantage in new sectors that are close or far from what is already part of their existing industrial structure.
TL;DR: In this article, the impact of financial structures on industrial dynamics was investigated and it was argued that specific financial set-ups -such as market-based and credit-based mechanisms of allocation, control and ownership transfer - are likely to exert different influences on the rates and modes of industrial innovation.
Abstract: This paper investigates the impact financial structures upon industrial dynamics whenever the system is permanently characterized by unexploited opportunities for innovation, (highly) ‘bounded’ rationality and trial-and-error search processes. In these circumstances, it is argued, specific financial set-ups - such as ‘market-based’ vs. ‘credit-based’ mechanisms of allocation, control and ownership transfer - are likely to exert different influences on the rates and modes of industrial innovation. Relatedly, one suggests some hypotheses on the links between financial systems and features of industrial evolution, and some tentative taxonomies.
TL;DR: In this paper, the authors present a framework for mapping science and technology-based industrial emergence, in order to better understand the nature and characteristics of such phenomena, as a basis for improved strategy development.