Dynamics of High-Technology Firms in the Silicon Valley

The speed of technological innovation since World War II is significantly increasing following the commercial exploitation of the Internet. Since the mid 90’s fiber optics capacity (infrastructure for transmission of information including voice and data) has incremented more than one hundred times because of a new technology, dense wave division multiplexing, and Internet traffic has …

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Why the New Economy is a Learning Economy

In this report it’s revealed that the intense focus on the new economy reflected real change and also ‘hype’. The fundamental reason why new economy-growth couldn’t be viewed as sustainable is that launching advanced technologies can only occur successfully when it’s combined with organizational change and competence-building among employees. Any technique that provides technology an …

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Firms, Incomplete Contracts and Organizational Learning

This explorative report proposes that the main problem of economic organization is adaptation to unforeseen contingencies. Nevertheless, flexibility is a fairly ignored issue in the theory of economic organization. This contrasts with much organization theory, where the seeking and processing of information about the organization’s key uncertainties is viewed as a determinant of organizational form. …

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Competitive Interfirm Dynamics within an Industrial Market System

This report evolves a conceptual framework within which the fundamental resource dynamics of an economy could be researched. The framework has heterogeneous firms at its center, and the dynamics governing their competitive, evolutionary and entrepreneurial interactions are made the object of analysis. This method is inspired by the wish to penetrate to the resource dynamics …

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A Schumpeterian Perspective on Service Innovation

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 …

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Gatekeepers in Regional Networks of Innovators

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 …

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Multinational Corporations as a Vehicle for Productivity Spillovers in Turkey

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.