Management Miscellaneous Articles, Papers, Case Studies, Examples
Many years after services outdistanced manufacturing from an employment viewpoint, manufacturing continues to lead economic analyses, including innovation studies. As a response to this a new strand of service innovation research has surfaced within the past decade. These reports don’t make an effort to compare innovation in services directly with innovation in manufacturing, instead they …
Strong connection of innovative actors within a local network is often thought to increase the region-specific knowledge-stock, resulting in a comparative advantage. Nevertheless, it might also result in a lock-in scenario, if local trajectories are directed towards inferior solutions. Accordingly, it’s debated that successful clusters are characterized by the presence of gatekeepers, i.e. actors which …
It’s been revealed that users occasionally innovate. In spite of this, it can now be noticed that even end-consumers act as a source novel product designs. A case study of a company, and “its” consumers from the computer games business demonstrates how sourcing of consumer knowledge has enabled the firm to enhance product design. Two …
This paper examines the role of multinational corporations (MNCs) as the creator and diffuser of new and superior technologies. If these firms fulfil this attributed role, then they are expected to generate some spillovers to domestic industries in host economies. Theoretical and empirical studies propose that domestic technological capability is also important in this process.
This paper investigates the potential impact of increased business R&D efforts in Europe on the total factor productivity gap between European and U.S. industry. The paper addresses Europe’s ambition, expressed at the 2000 Lisbon Summit to become “the most competitive and dynamic knowledge-based economy in the world”, and the 3% R&D intensity target for Europe formulated at the 2002 Barcelona Summit
I discuss and compare alternative approaches to integrating bounded rationality with the theory of economic organization, concentrating on the organizational capabilities approach, which is strongly influenced by the works of Nelson and Winter..
Evolutionary theories of technological change and industrial dynamics give primary importance to interaction between heterogeneous agents, endowed with complementary assets and competencies. Accordingly, support to co-operative R&D is central to technology policy, as a mean for increasing system connectivity, triggering virtuous cycles of learning and promoting variety.
The purpose of this paper is to obtain a fractional Black-Scholes formula for the price of an option for every t in [0,T], a fractional Black-Scholes equation and a risk-neutral valuation theorem if the underlying is driven by a fractional Brownian motion BH (t), 1/2 < H < 1.
The paper presents and formalises an approach to the evolution of the organisation of industry which starts from multi-activity firms, and which relates to economists like Young, Stigler, and Richardson. To capture the open-ended process of disintegration of industry, the paper operates with decomposable tasks and gives an account of the vertical and horizontal structure of production by means of weighted trees in the graphtheoretical sense
The current decade has experienced a powerful expansion of work on the firm, both from a capabilities perspective and from a contractual perspective. These two bodies of theories are sometimes regarded as fundamentally different, as their fields of applications differ (knowledge-accumulation vs contracts and incentives). However, we have to integrate propositions from capabilities perspectives with …