Perspectives on Innovation

✍ Scribed by Franco Malerba, Stefano Brusoni

• Publisher: Cambridge University Press
• Year: 2007
• Tongue: English
• Leaves: 517
• Edition: 1
• Category: Library

✦ Synopsis

Innovation has become a major field of study in economics, management, sociology, science and technology, and history. Case studies, empirical models, appreciative analyses and formal theories abound. However, after several decades of study on innovation, and so many different types of contribution, there are still many phenomena we know very little about. The debate on innovation still has much to deliver; important questions remain unanswered and many problems require solution. Bringing together many leading figures in the field, this collection aims to address these concerns by offering detailed analyses of topics that are crucial for understanding innovation. In addition, it offers discussions of topics that researchers are just beginning to explore and of topics that continue to defy our efforts to understand and systematise. This important and wide-ranging collection will be essential reading for academic researchers and graduate students who wish to gain a broad overview of frontier-research in innovation.

✦ Table of Contents

Cover......Page 1
Half-title......Page 3
Title......Page 5
Copyright......Page 6
Contents......Page 7
List of figures......Page 10
List of tables......Page 12
List of contributors......Page 13
Prefatory note......Page 17
1 Why a book on "perspectives on innovation"?......Page 19
2.1 Innovation and economic growth......Page 21
2.3 Innovation and industrial dynamics......Page 22
2.4 Institutions for innovations and innovation in institutions......Page 23
2.6 Innovation and entrepreneurship......Page 24
2.8 Innovation and public policy......Page 25
3.1 Innovation and economic growth......Page 26
3.2 The micro dynamics of the innovation process......Page 28
3.3 Innovation and industrial dynamics......Page 30
3.4 Institutions for innovations and innovation in institutions......Page 31
3.5 Innovation, firms' organization, and business strategies......Page 33
3.6 Innovation and entrepreneurship......Page 35
3.7 Innovation and the evolution of the university system......Page 37
3.8 Innovation and public-policy......Page 39
4. As a way of conclusion …......Page 41
References......Page 42
Part 1 Innovation and economic growth......Page 43
1.1 Economic growth as the appropriate central focus of economic analysis......Page 45
1.2 The development of evolutionary growth theory, and diminishing returns......Page 47
1.3 Promising new directions......Page 50
References......Page 58
Introduction......Page 60
2.1 Economic growth theory in the 1950s and 1960s: a legacy lost......Page 61
2.2 Competing Schumpeterian paradigms for explaining the relation between growth and technology......Page 63
2.2.1 The evolutionary approach to technology and growth......Page 64
2.2.2 Neoclassical views of economic growth and technology......Page 70
2.3 The Schumpeterian legacy assessed: an outlook on the theory of innovation and growth......Page 75
Comments to Chapters 1 and 2: Understanding economic growth......Page 82
References......Page 87
Part 2 The microdynamics of the innovation process......Page 89
3 Schumpeter's prophecy and individual incentives as a driver of innovation......Page 91
3.1 Technological change and the incentives of individuals......Page 94
3.2 Incentives of researchers, scientists, and inventors......Page 98
3.3 Do individual incentives matter for innovation?......Page 102
3.4 Individual incentives and innovation: an agenda......Page 105
3.5.1 Management......Page 112
3.5.2 Policy......Page 114
3.6 Conclusion......Page 117
References......Page 118
4.1.1 Technology and demand......Page 123
4.1.2 Organizations......Page 125
4.1.3 Threats and policies......Page 127
4.2.1 Preceding a wave......Page 129
4.2.2 Office applications......Page 131
4.2.3 A wave enabled......Page 132
4.2.4 A wave......Page 134
4.2.5 Mixed incentives for openness and vertical disintegration......Page 135
4.2.6 Creative destruction in waves......Page 136
4.3 One wave after another......Page 137
4.3.1 Divided technical leadership......Page 138
4.3.2 Clone competition......Page 140
4.3.3 Precedents to another wave......Page 141
4.3.4 Consequences of a wave......Page 142
4.3.5 The origins of entrants......Page 144
4.4.1 Precedents to a wave......Page 145
4.4.1.1 Anticipatory innovations......Page 146
4.4.2 Beginnings of a wave......Page 147
4.4.2.1 Reactions of existing firms......Page 149
4.4.3 End of a wave......Page 150
4.5 Conclusion......Page 152
References......Page 156
Comments to Chapters 3 and 4: Stemming the tide of creative destruction?......Page 159
References......Page 166
Part 3 Innovation and industrial dynamics......Page 169
Introduction......Page 171
5.1.1 Size distributions......Page 173
5.1.2 Corporate growth rates......Page 177
Growth variability......Page 181
Growth rates distributions......Page 182
Autocorrelation in growth rates......Page 184
5.1.3 Profitabilities and their dynamics......Page 185
5.2 Behind heterogeneous performances: innovation and production efficiency......Page 190
5.2.1 Technological innovativeness......Page 191
5.2.2 Production efficiencies......Page 192
5.2.3 Corporate capabilities, competition and performances......Page 195
5.3 Evolutionary interpretations: corroborations and challenges by way of a conclusion......Page 199
References......Page 201
Introduction......Page 205
6.1 Empirical regularities concerning spin-offs......Page 207
6.2 Existing theories of spin-off formation......Page 211
6.3 Disagreements and spin-offs: a new model......Page 213
6.3.1 The dynamics of disagreement......Page 215
6.3.2 The hazard of spin-off formation......Page 218
6.3.3 The effect of acquisitions......Page 220
6.3.4 Spin-off quality......Page 221
6.3.5 Parent quality and the spin-off hazard......Page 226
6.4 Discussion......Page 228
6.5 Appendices......Page 230
References......Page 232
Comments to Chapters 5 and 6......Page 237
References......Page 242
Part 4 Innovation and institutions......Page 243
Introduction: Schumpeter revisited on innovation......Page 245
7.1 Using the game-theoretic frame for understanding institutions......Page 247
7.2 The primitive domains and three modes of their linkages......Page 252
7.3 Three mechanisms of institutional change......Page 256
7.3.1 Schumpeterian dis-bundling and new-bundling......Page 257
7.3.2 Overlapping social embeddedness......Page 258
7.3.3 Dynamic institutional complementarities......Page 259
7.4 Schumpeterian innovation in an institution of innovation......Page 260
7.5 Concluding remarks......Page 265
References......Page 266
8.1.1 Introduction......Page 269
8.2.1 Institutional creativity envisaged......Page 272
8.2.2 The "vision" deciphered......Page 273
8.2.3 The evolving legacy of medieval institutional innovation......Page 276
8.3 Back to the future the quest for the "wealth-creating" university reconsidered......Page 278
8.4.1 Is there a problem, and where does it lie?......Page 283
8.4.2 Does the Bayh–Dole regime offer a suitable model for international adoption?......Page 285
8.4.3 Could the exploitation of intellectual property really offset universities' costs?......Page 287
8.5 Developing institutional innovations for innovative Europe......Page 289
8.5.1 Hopeful monsters and plain monsters......Page 290
8.6 A summing up......Page 293
References......Page 295
Institutions......Page 297
Institutions as rules of the game......Page 298
Some critical remarks......Page 299
The Silicon Valley story......Page 300
Bringing Bayh–Dohle to Europe – a case of pervert international institutional learning?......Page 302
The role of universities in the learning economy......Page 303
Walras+ as strategy for Europe......Page 304
References......Page 306
Part 5 Innovation, firms’ organization, and business strategies......Page 309
Introduction......Page 311
9.1 Problems of competence......Page 312
9.2 Problems of variety......Page 313
9.2.1 Heterogeneity in selection criteria......Page 314
9.2.2 Selection in organizations and the Iron Law of Hierarchy......Page 316
9.2.3 Problems of intermediate selection along development journeys......Page 317
9.2.4 Bringing evaluation into our models of search......Page 320
9.3 Conclusion......Page 323
References......Page 324
Introduction......Page 326
10.1.1 Initial Conditions......Page 329
10.2 The alliance design......Page 331
10.3 Evolution......Page 334
10.4 Conclusion......Page 338
References......Page 339
Doz, Cuomo and Wrazel: managing an alliance for innovation......Page 340
Levinthal the role of selection in innovation......Page 343
References......Page 346
References......Page 347
Part 6 Innovation and entrepreneurship......Page 349
Introduction......Page 351
11.1 What do we know about entrepreneurship and networks?......Page 353
11.2 Schumpeter's legacy for entrepreneurship and networks......Page 357
11.2.1 Schumpeter and entrepreneurship......Page 358
11.2.2 The forgotten legacy of Schumpeter for entrepreneurship and networks: entrepreneurial action as rational, social and creative......Page 361
11.2.3 Schumpeter and networks......Page 362
11.3 Discussion......Page 364
11.4 Conclusions......Page 366
Introduction......Page 370
12.1 The nature of scientific knowledge and its transfer conditions......Page 373
12.2 Competition between business conceptions: the entrepreneurial sorting process......Page 376
12.3 Start-up firms and the decay of founder knowledge......Page 378
12.4 Incumbent firms and the role of intra organizational career paths......Page 381
12.5 Conclusions......Page 385
References......Page 387
Comments to Chapters 11 and 12......Page 390
References......Page 394
Part 7 Innovation and evolution of the university system......Page 397
Introduction......Page 399
13.1 The technology-transfer process......Page 400
13.1.1 Inventive capacity......Page 403
13.1.2 Entrepreneurial propensity......Page 404
13.2 Data, variables, and methods......Page 407
13.3 Results......Page 410
13.4 Reflective conclusions and further research......Page 412
References......Page 414
Introduction......Page 417
14.1.1 A knowledge production function model......Page 419
14.1.2 Data sources......Page 422
14.2 The polynomial distributed lag model......Page 425
14.3 The search for spillovers......Page 435
14.3.1 Testing for the contribution of proximity......Page 439
14.3.2 The importance of the United States......Page 440
14.4 Conclusions......Page 443
References......Page 445
Comments to Chapters 13 and 14......Page 448
References......Page 454
Part 8 Innovations and public policy......Page 457
Introduction......Page 459
15.1 Evolving knowledge and the evolving economic order......Page 461
15.2 A systems innovation policy perspective......Page 466
15.3 Concluding remarks......Page 470
References......Page 471
Introduction......Page 473
16.1 Monopoly and innovation......Page 475
16.2 Monopoly and types of innovation......Page 476
16.3 Ex ante and ex post incentives to innovate......Page 477
16.4 Do intellectual property rights inhibit innovation?......Page 478
16.5 Current and future innovation......Page 480
References......Page 481
Introduction......Page 482
17.1 Defining the policy field and its boundaries......Page 484
17.2 Legitimizing an increase in resources for public intervention: the charm of the 'linear model'?......Page 493
17.3 Delineating the problems to be solved and setting objectives......Page 496
17.4 Inventing policy instrumentsthe example of research programme design options......Page 500
17.5 Conclusions......Page 503
References......Page 504
Index......Page 508