Firms as the source of innovation and growth: the evolution of technological competence
| Autor: | John Cantwell, Felicia Fai |
|---|---|
| Rok vydání: | 1999 |
| Předmět: |
Economics and Econometrics
Entrepreneurship business.industry Technological change Interwar period Corporate technological competence Technological persistence Firms Innovation Growth Technological system General Business Management and Accounting jel:N80 jel:O31 jel:L23 Technological competence Market economy Knowledge base Economics Economic system business Competence (human resources) |
| Zdroj: | Journal of Evolutionary Economics. 9:331-366 |
| ISSN: | 1432-1386 0936-9937 |
| DOI: | 10.1007/s001910050086 |
| Popis: | It is argued that the firm is the principal source of innovation and growth, a device for the establishment of technological competence, and for its continued development over time. Markets, products and background knowledge may change quite dramatically over time. Yet as a result of the cumulative nature of learning in the production processes of firms, the profile of corporate technological competence will tend to persist over quite long periods, provided there is institutional continuity. Within the same firm, competence may evolve into related areas, but the firm's technological origins will remain identifiable in its subsequent trajectories. However, if the institution itself changes more dramatically, this technological persistence may be disrupted. Supporting evidence is provided from data on the patenting of 30 large US and European companies, which have been continuously active since the interwar period. The science and the knowledge base, and the composition of products and markets may shift quite radically, but the firm's productive and technological system itself is potentially more stable. The firm provides a vehicle for potential institutional continuity and a device for managing transitions within the economic system. |
| Databáze: | OpenAIRE |
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