This book explains how Chinese firms are increasingly developing innovative capabilities and engaging in globalization. It focuses on knowledge-intensive and innovative entrepreneurial firms and multinationals, which already are – or are striving to become – world-leaders in their technologies and markets, and which do so by their use of advanced knowledge for innovation as well as their ability to act globally. The book advances related debates in entrepreneurship, innovation management, economic geography and international business.
Increased emphasis on the links between regional diversity and regional knowledge, innovation and entrepreneurship highlights the need for a focus on the spatial aspects of these multifaceted, dynamic relationships in order to improve our understanding. By means of a conceptual approach, this timely book illustrates the links between innovation and economic development through the role of space. This thought-provoking book addresses the questions regarding diversity, innovation and clusters that require further investigation and analysis.
The notion of endogenous innovation as the outcome of the creative response of firms to out-of-equilibrium conditions is the cornerstone of the new evolutionary complexity. This book elaborates and applies the theoretical framework established in the author’s previous work Endogenous Innovation: The Economics of an Emergent System Property. This volume carefully explores the role of the reactivity of firms to out-of-equilibrium conditions. It also examines the quality of knowledge governance mechanisms in assessing the levels of externalities that define the likelihood of creative responses, as an alternative to adaptive responses.
In recent years many new international market leaders from the BRICS countries have emerged in several manufacturing and service industries. This important study answers a number of crucial questions including, how did these companies rise up to become important players in their respective industries? What is the contribution of systemic and country specific factors? What is the role of internal firm factors in enabling these companies to become market leaders? The book presents evidence from companies in the automotive, pharmaceutical and ICT industries of China, India and Brazil.
This book aims to disentangle the complex relationship between innovation and its potential determinants, paying special attention to the roles of governance and regulatory frameworks, and the ways in which the latter interact with other drivers of innovation such as competition and the innovator’s closeness to the technology frontier.
Localized creativity, small high-tech entrepreneurship, related innovation platforms, social capital embedded in dynamically open territorial communities and context-specific though continuously upgrading policy platforms are all means to face new challenges and to promote increased absorptive capacity within local and national territories. The contributors illustrate that these capabilities are much needed in the current globalized economy as a path towards sustainability and for creating new opportunities for their inhabitants. They analyse the challenges and development prospects of local/regional production systems internally, across territories, and in terms of their potential and territorial connectivity which can help exploit opportunities for proactive policy actions. This is increasingly relevant in the current climate, in which the balanced allocation of resources and opportunities, particularly for SMEs, cannot be expected to be the automatic result of the working of the market.
This ground-breaking book offers a coherent theoretical analysis of contemporary industrial knowledge flow dynamics. Furthermore, it advances wide-ranging and varied empirical findings from international comparative research which demonstrate that knowledge cross-pollination, often from industrially unrelated business sectors, is now commonplace in the economics of innovation. This, the authors argue, represents the rise of an externalized ‘matrix’ of knowledge flow dynamics among firms and industries. The book also examines related economic governance research that reveals the catalytic role that leading innovation policy agencies play in animating knowledge flow dynamics, particularly at the regional level. The chapters address various sectors including food and drink, biotechnology, ICT, new media, the automotive industry and tourism.
This book addresses the new field of standards dynamics. It focuses in particular on the tension between standards and change. Standards are points of reference and should therefore be inherently stable (at least to a certain degree). However, technologies change at an increasing pace, particularly in the field of information technology (IT).