The Creative Response
Knowledge and Innovation
Published on 29. March 2023
978-1-108-99591-7 (ISBN)
Description
This Element combines the advances of the economics of knowledge and innovation implementing the Schumpeterian notion of creative response to understand the determinants and the effects of the rate and direction of technological and organizational change and its variance across time and space, firms, and industries. The notion of creative response provides an inclusive framework that enables to highlight the crucial role of knowledge in assessing the rate and direction of technological change and to clarify that no innovation is possible without the generation of new knowledge, while the generation of new knowledge augments the chances of innovation but does not automatically yield the introduction of innovation. Firms thus are faced with several strategic decisions to make the creative response possible. The Element elaborates on the analytical core of the notion of creative response and articulates its implications for economic policy and strategic management.
More details
Series
Language
English
Place of publication
Cambridge
United Kingdom
Illustrations
Worked examples or Exercises
File size
1,63 MB
ISBN-13
978-1-108-99591-7 (9781108995917)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Book
03/2023
Cambridge University Press
€24.00
Shipment within 15-20 days
Persons
Content
1. Introduction; 2. The creative response: the theoretical framework; 3. The innovation function; 4. The knowledge generation function; 5. The technology production function; 6. The knowledge intensive direction of technological change; 7. The performance equation; 8. Conclusions: Schumpeterian loops; References.
