Routledge Studies in Global Competition – serie

In the past, ‘Global Management’ meant optimizing production and commercialization activities around the world in an international business context. With the emergence and rise of the creative economy, the global game has changed. This book is about the global management of creativity and related innovation processes, and examines how companies, organizations and institutions can foster the transformation of an original idea to its successful execution and international diffusion. The Global Management of Creativity gives a clear framework for analyzing creativeness in organizations in an international context, and pinpointing important key elements that should be tracked. Comprising expert contributions and written by a wide array of leading scholars in economics, management of innovation and creativity, this book is an insightful resource.This volume provides empirical and theoretical material for managers, students and academics in the field of international management of creativity and innovation. It is also suitable for those who are interested in industrial economics, management of technology, and innovation and industrial studies.

There is wide consensus on the importance of knowledge for economic growth and local development patterns. This book proposes a view of knowledge as a collective, systemic and evolutionary process that enables agents and social systems to overcome the challenges of the limits to growth. It brings together new conceptual and empirical contributions, analysing the relationship between demand and supply factors and the rate and direction of technological change. It also examines the different elements that compose innovation systems.The Economics of Knowledge, Innovation and Systemic Technology Policy provides the background for the development of an integrated framework for the analysis of systemic policy instruments and their mutual interaction the socio-political and economic conditions of the surrounding environment. These aspects have long been neglected in innovation policy, as policymakers, academics and the business community, have mostly emphasized the benefits of supply side strategies. However, a better understanding of innovation policies grafted on a complexity-based approach calls for the appreciation of the mutual interactions between both supply and demand aspects, and it is likely to improve the actual design of policy measures. This book will help readers to understand the foundations and working of demand-driven innovation policies by stressing the importance of compent and smart demand.

This book focuses on the main challenges that cities, regions and other territories at sub-national level face when it comes to designing and implementing a territorial strategy for economic development and competitiveness. There is a widespread recognition that territories need to construct strategies that focus on shaping sustainable competitive advantages. To do this they draw upon their own unique resources and capabilities alongside intelligence on existing technological and market trends. However, there is still a notorious lack of both theoretical and empirical research on this issue.The first part of this book develops a theoretical framework for understanding and analysing territorial strategy. This framework asks three questions of territorial strategy – what for, what, and how – looking closely at the key relationship between strategy and policy. The second part is dedicated to exploring this framework in practice through application to a series of unique cases from around the world at different territorial levels, from regions such as the Basque Country, Navarre and Murcia in Spain, Okanagan (British Columbia) in Canada, Wales in the United Kingdom, and the cross-border region of the Øresund in Denmark–Sweden, as well as the city of Rafaela in Argentina. Each case offers something different and enables the framework to be thoroughly tested, generating concluding reflections that add real value for scholars and policy-makers interested in and working in the field of territorial strategy.This volume is intended for the academic community, the policy community (government leaders, policy-makers, policy researchers and consultants) and university students and teachers at different levels interested in the areas of territorial competitiveness, regional development, competitiveness policies and processes of territorial strategy.

Universities have become essential players in the generation of knowledge and innovation. Through the commercialization of technology, they have developed the ability to influence regional economic growth. By examining different commercialization models this book analyses technology transfer at universities as part of a national and regional system. It provides insight as to why certain models work better than others, and reaffirms that technology transfer programs must be linked to their regional and commercial environments. Using a global perspective on technology commercialization, this book divides the discussion between developed and developing counties according to the level of university commercialization capability. Critical cases as well as country reports examine the policies and culture of university involvement in economic development, relationships between university and industry, and the commercialization of technology first developed at universities. In addition, each chapter provides examples from specific universities in each country from a regional, national, and international comparative perspective. This book includes articles by leading practitioners as well as researchers and will be highly relevant to all those with an interest in innovation studies, organizational studies, regional economics, higher education, public policy and business entrepreneurship.

Recent years have seen a growth in strategic alliances, mergers and acquisitions and collaborative networks involving knowledge-intensive and hi-tech industries. However, there have been relatively few studies looking at this form of collaboration as a strategy to drive firms’ innovative performances. This book specifically focuses on the role of strategic alliances, M&A and innovation networks, providing insights on if and how they contribute to boosting firms’ innovation performances. The book has a double purpose. Firstly, it investigates at an industry level the role played by the alliance, M&As and networks in high-tech environments such as biotechnology, pharmaceutical, software and nanotechnology in creating, transforming and reshaping the dynamics inside and between industries. Secondly, it explores the impact at the firm level of factors such as cognitive distance, management capabilities, and relational and social capabilities, on firms’ global innovation capacity, measured as innovation quantity, innovation quality and innovation novelty. The book will be of interest to scholars working on the economics of innovation, innovation management studies, strategic management, regional science and evolutionary economics, among other areas.

The international fragmentation of economic activities – from research and design to production and marketing – described through the lens of the global value chain (GVC) approach impacts the structure and performance of small and medium-sized enterprises (SMEs) agglomerated in economic clusters. The consolidation of GVCs ruled by global lead firms and the recession of 2008-09 exacerbated the pressures on cluster actors that based their competitive advantage on local systems, spurring an increasing heterogeneity, both across and within clusters, that is still overlooked in the literature. Drawing on detailed studies of different industries and countries, Local Clusters in Global Value Chains shows the co-evolutionary trajectories of clusters and GVCs, and the role of firms and their strategies in organizing manufacturing and innovation activities in the context of ongoing technological shifts. The book explores the tension between place-based variables and global drivers of change, and the possibility for territories containing such clusters to prosper in the new global scenario. By adopting insights from the GVC framework and management studies, the book discusses how the internationalization strategies of firms create opportunities as well as constraints for adaptive upgrading in clusters.This book is of interest to both researchers and policy-makers who are interested in the dynamic sources of competitive advantage in the global economy.

Ever since Schumpeter’s groundbreaking work there has been a plethora of new research seeking to extend the direction and dynamics of innovation. Using a rich account of detailed interviews, this book offers new evidence on how latecomers have successfully caught up and leapfrogged incumbent firms. Catching Up and Leapfrogging: the new latecomers in the integrated circuits industry explores how technological transitions affect latecomer catch-up strategies, and vice versa, in a high technology industry. It looks to the East Asian latecomers who, towards the end of the twentieth century, pioneered a new pathway through organizational change by specializing in the key production stages of integrated circuits and pushing technologies further. This volume assesses how latecomer resource acquisition strategies have varied alongside structural industry changes and evaluates the mechanisms through which firms started life as technology followers and rose to become technology leaders. Xiao-Shan Yap and Rajah Rasiah present a unique story about how firm strategies evolve from the catching up phase to the leapfrogging phase, captured from the accounts of managers on the ground. It is the first time firm-level strategies have been systematically analysed to describe twenty-first century strategic management in the integrated circuits industry in particular, and the high tech industry in general.The evidence and analysis in this book offers insights for chief executive officers, policy-makers and researchers to revisit existing approaches to the theory of catching up and leapfrogging.

Winner of the Gunnar Myrdal Prize 2010. This prize is awarded annually for the best monograph, on a theme broadly in accord with the EAEPE (European Association for Evolutionary Political Economy) Theoretical Perspectives.There is much debate regarding which countries’ economies have the best economic systems to encourage economic growth and technological change. This book is a major contribution to this discussion, connecting the fields of corporate governance and finance with the field of innovation and technology and analysing the ways in which countries’ systems of corporate governance affect firms’ ability to meet the technological challenges of different sectors.Tylecote and Visintin combine incisive analysis with empirical studies systems of corporate governance in the US, Europe, East Asia and China, demonstrating how these systems vary and how the demands on those who control and finance industry are changing. The authors argue that while certain types of system have worked for particular sectors, the technological revolution through which we are passing demands innovation in corporate governance and finance. Indeed, this book goes some way in challenging accepted views of best practise in corporate governance and finance, showing how structures and rules intended to advance ‘shareholder value’ may undermine it by inhibiting technological change.This book will be very interesting reading for students and researchers engaged with corporate governance and national business systems, as well as those interested in systems of innovation.

At the beginning of the 1990s, Korean firms embarked on an impressive wave of direct investment abroad. This dramatic multinationalization was considered as yet another sign of Korea's remarkable economic performance, especially as a high proportion of the foreign ventures were located in advanced countries. But this unbalanced quest for globalization actually tested the 'Korean model' to its limits; after the 1997 crisis a new policy prepared the way for a surge of inward investment. Using empirical tests and case-studies, this collection shows that Korean groups have invested in developed countries to jump over trade barriers, but also to source advanced technology and marketing capabilities. Moreover, their ambitious strategies have been stimulated by oligopolistic rivalry among the chaebols.From a policy perspective, the book provides an original discussion of national ownership by questioning the substitutability between inward and outward foreign investment and its relationship with the evolution of the national innovation system. By shedding light on the pattern of Korea's internationalization, these essays make a valuable contribution to the theory of international production and provide important insights for the current policy debates on globalization and innovation-led growth.

Markets which have been previously out-of-reach for companies other than monopolies or other protected firms, are increasingly being opened up to new entrants. Greater competitive pressure implies that more sophisticated business strategies must be formulated by all companies cooperating in emerging markets.This book focuses on strategy in emerging telecommunications markets in a liberalized Europe, particularly in the UK and Sweden. The book provides:* a literature review and applications of strategy concepts and key correlations* applications of a market establishment model and the strategic states model* a description of competition amongst telecom operators in the UK and Sweden* detailed case-studies of strategies of telecom operators in Europe* the identification of patterns and processes valid for emerging markets in general.Whilst the industry focus in the book is telecommunications, the framework and the models explored and developed provide guides to strategy formulation irrespective of the market under consideration.Strategy in Emerging Markets will make valuable reading for strategy researchers, students and for corporate strategists. It will be of particular interest to those wishing to plot recent developments in the telecommunications industry.

For decades governments, politicians, and trade unions have feared that firms investing abroad involved a loss of employment and a decline in wages for the home country, the implied assumption being that global production and consumption are somehow fixed. Similarly, research on multinational firms has tended to present them as having a number of alternatives - export, licensing or foreign direct investment - for the exploitation of fixed foreign markets.In reality, the complex relationships between parent companies and their foreign affiliates must be examined very carefully and with the most disaggregated statistics available if we are to get an accurate understanding of firms impacts. A major obstacle to this research has been the confidential nature of the necessary data. This collection, with contributions from many distinguished writers in the field, presents work which has been able to exploit relevant data for countries such as the United States, France, Italy, Belgium and Japan.

At the turn of the century, questions about multinational firms' strategies as regards the forces, on the one hand, of globalization and, on the other hand, of the regional and local dimensions are very much to the fore. What are the new constraints and the new theories to explain global-local multinationals' strategies at the beginning of this new era?Understanding multinationals' strategies is an essential task, but the range of strategies is not simple or homogenous; they are increasingly complex, the outcomes of different logics and different choices. Since the 1980s, new economic areas have been created - the EU, MERCOSUR, ASEAN, NAFTA - there has also been the integration of Eastern European countries following the lifting of the iron curtain. A real movement of regional integration has been witnessed in these areas, which has modified firms' strategies. But simultaneously there has been another factor: the global or regional dimension is one determinant, but there is also the local dimension, for example in production siting.This volume presents the work of internationally renowned specialists on multinational strategy, addressing the main questions about globalization, firms' and countries' competitiveness, the impact of regionalism, agglomeration and industrial clustering, oligopolistic interactions, mode of entry, strategic location choice and relocation and public aid. This book is the first volume presenting the outstanding work from the Seventh Sorbonne International Conference on Multinational Firms' Strategies.

This impressive book sees the author applying and extending the resource based view of the firm to explain and predict the strategy of corporate diversification.Technological Resources and the Logic of Corporate Diversification is an original and authoritative book that will be extremely useful to academics and students in such disciplines as business economics, corporate strategy and international business.

This useful new book reviews the literature on technology and economic growth covering historical and theoretical developments such as:*new models for measuring productivity*sources of technical knowledge and technological spillovers*stock market reactions to investment in technologySuch a comprehensive survey is likely to be welcomed by students and academics involved in business economics, strategy and technology, as well as being extremely useful for public sector employees concerned with science and technology policy and planning, and private sector employees in research and development.

In globalising economies, particularly those going through a process of economic integration such as those economies within the EU, regions forge an increasing number of linkages with other locations within and across national borders. This is largely carried out by the technological efforts of Multinational Corporations (MNCs). This book explores the regional dimension of Europe in terms of localised technological comparative advantages and the location of innovative activities by MNCs. Using an empirical analysis John Cantwell and Simona Iammarino cover such important themes as:*MNC technological activities and economic wealth*MNCs and the regional systems of innovation in Italy, UK, Germany and France*the geographical hierarchy across European national borders.

The biotechnology industry is an extremely important sector in the developed world's economies. This book, with contributions from an international array of experts, explains why biotechnology companies in different countries concentrate in a small number of locations and what accounts for the success some of these companies then go on to have.This interesting book covers such themes as:* the role of small firms in US biotechnology clusters* geographic clustering in the UK* case studies involving the sectors in a cross-section of European companiesWith such international contributions, this book will be of interest to students and academics involved in Industrial Organization, Innovation Studies and Business Organization. Not only that, professionals with an interest in international business will also find this to be a very useful read.

MIT and the Rise of Entrepreneurial Science is a timely and authoritative book that analyses the transformation of the university's role in society as an expanded one involving economic and social development as well as teaching and research. The Massachusetts Institute of Technology invented the format for university-industry relations that has been copied all over America and latterly the rest of the world. This excellent book shows that the ground-breaking university-industry-government interactions have become one of the foundations of modern successful economies.

The ongoing process of revising and rethinking the foundations of economic theory leads to great complexities and contradictions at the heart of economics. ‘Economics of innovation’ provides a fertile challenge to standard economics, and one that can help it overcome its many criticisms.This authoritative book from Cristiano Antonelli provides a systematic account of recent advances in the economics of innovation. By integrating this account with the economics of technological change, this exceptional book elaborates an understanding of the effects of the introduction of new technologies.This excellent, comprehensive account from respected expert Antonelli will be much appreciated within the innovation economics community, yet it is also a book that should be read by all those with either a private or professional interest in economic theory.

China's immersion in the world economy and trading system is a continued source of great interest throughout the globe.The book is divided into three parts, the first being an overview of the Chinese investment environment and the development of foreign direct investment (FDI) over the last twenty years. The second part then goes on to focus specifically on the characteristics of European companies involved in FDI into China. The third part looks at different management aspects of EU invested enterprises within China, using newly acquired data.This comprehensive overview of European direct investment in China will be of great interest to both students and academics in the fields of Chinese Economics and Business, Organisational Theory and the Theory of the Firm. The concluding business and policy implications of the book will also make it very useful to professionals and policy-makers.

This superb new book develops a knowledge-based theory of innovation, marrying three streams of literature: innovation, inter-firm collaboration and networks, and learning regions. This book will interest all those working in economic geography and the economics of innovation.

The latest wave of European Union expansion has brought many central and Eastern European countries into the fold. Unlike previous enlargements however, the latest new members are also undergoing radical economic reform as they reintegrate into international economy.This book reviews the changing industrial architecture of the new wider Europe from a "network" perspective, highlighting the importance of the linkages that develop between firms and governments in the new entrants and the EU. It does so on the basis of a series of case studies covering countries, sectors, and firms as well as providing an analysis of the underlying dynamics of production and policy integration.The impressive group of authors go beyond tradition analyses by adopting an interdisciplinary approach drawing on the insights of economics and politics. As such, the book will appeal to students of the EU and enlargement, as well as those with an interest in foreign investment and transition economies.

The key approach taken in this book is that all local economic clusters have something in common - specific case-studies are thus put into wider perspective in a masterly study that will be of keen interest to both economists and geographers.

The entrepreneur has been neglected over the years in formal economic theorizing. Previously there has been only eclectic theories such as human capital theory and network dynamics which discuss certain perspectives of entrepreneurial behaviour. This insightful book closes this gap in entrepreneurship literature. Inspired by modern physics, author Thomas Grebel brings together an evolutionary methodology, along the way implicating quantum, graph, and percolation theory. Here, Grebel has provided a synthesis of all the main theories of entrepreneurship. Taking an interdisciplinary approach to the subject, this fascinating book opens up new ideas in modelling and the original thinking contained within will be of interest to all those working in the area of business and management as well as those in economics.

The process of globalization has had profound, often destabilizing, effects on space, at all levels (i.e. local, regional, national, international). This revealing book analyzes, both theoretically and empirically, the effects of globalization over space. It considers, through a dialogue among different paradigms, the ways in which space has become more important in the global economy. Globalization has been advocated as a way of shrinking time and space which will lead to a homogenized global market; a suggestion challenged in differing ways and with a variety of approaches by all the contributors to this volume. Leading authorities from a range of disciplines are represented amongst this impressive list of contributors, including Eric Sheppard, Bjørn Asheim, Richard Walker and Peter Swann. The chapters demonstrate persuasively the continuing, and even increasing, role of space in the global economy, and throughout, the book covers viewpoints from the fields of:international political economyeconomic geographyregional and local economics.This impressive volume, which contains a selection of the best in contemporary scholarship, will be of interest to the international arena of academicians, policy makers and professionals in these or related fields.

The 'new economic geography' is one of the most significant developments to have occurred in economics in recent years. The new insights gained from this approach have been successfully applied to issues such as globalization, international integration and policy competition. Contributed to and edited by leading international academics, this topical book analyzes the research inspired by this 'new economic geography' and examines the ensuing policy implications. Issues that are connected to this approach such as core-periphery patterns, transportation costs and economic modelling are also explored in depth. Increasing integration of the world economy and the 2004 enlargement of the European Union amongst other factors, have combined to change the geography of economics. Now two renowned authorities have come together to edit this contemporary text on location and competition for students, academics and researchers in the field.

With the buzzwords of knowledge-based economy and knowledge-driven economy, policy-makers, as well as journalists and management consultants, are pushing forward a vision of change that transforms the way advanced economies work. Yet little is understood about how the knowledge-based economy differs from the old, traditional economy. It is generally agreed that the phenomenon has grown out of the branch of economic thought known as new growth theory. Digesting up-to-date thinking in economics, management, innovation studies and economic geography, this significant volume provides an account of these developments and how they have transformed advanced economies.

This book comprises nine papers approaching designed institutions and their interplay with spontaneous institutions from various angles. While the evolution of spontaneous institutions is quite well understood in economic thinking, the development of consciously designed institutions has been examined much less. In new institutional economics, public choice, and law and economics the interaction between changing preferences and spontaneously evolving institutions on the one hand and the evolution of designed institutions (as, e.g., legal systems) on the other hand has largely been ignored. A number of top class international contributors have been assembled to study this phenomenon including Viktor Vanberg, Bruno Frey, Elinor Ostrom and Francesco Parisi.

Entry and Post-Entry Performance of Newborn Firms focuses on newborn firms, analyzing the determinants of entry, survival and post-entry performance. Written by a world leading expert on industrial dynamics, whose previous book The Employment Impact of Innovation was very popular, this book examines the policy implications of the differing motivations underlying the decision to start a new firm. This groundbreaking book will be of use to economists with an interest in Europe as well as students and researchers across industrial economics, management and entrepreneurial studies.

This book brings together some of the world's leading experts to present an interdisciplinary, critical perspective on current issues surrounding the economics of the firms. It eschews standard approaches to the economics of the firm (including analysis of transaction costs) in favour of a more interdisciplinary outlook, with evolutionary economics taken into account. Central to this is the concept of trust and the belief that any approach to the firm must recognize cultural and political factors. The chapters emphasize the themes of change and evolution and explore issues arising from the history and organization of firms.An important book, with contributions from Bart Nooteboom, Stavros Ioannides and Werner Holzl, this is an invaluable resource for postgraduate students of economics.