By Piergiuseppe Morone
As organisations more and more depend upon wisdom as a key issue for innovation, the power to innovate is more and more perceived as a key asset for being aggressive in overseas markets. This new quantity argues that innovation, wisdom and internationalisation might be considered as tightly similar suggestions. It presents a stimulating and complete framework for knowing key trends in smooth economics, in addition to an outline of the cutting-edge within the 3 fields lined.
The first part explores intimately the connection among wisdom and the leading edge potential of corporations, focussing on key subject matters corresponding to social capital, intentional wisdom diffusion and unintended wisdom spillovers. part examines the drivers and the influence of innovation options, assessing the position of technological virtue, networking and R & D investments in innovation, in addition to the influence on innovation at the labour industry. The 3rd and ultimate part examines the continued internationalisation procedure confronted by way of ‘global’ economies. the subjects explored in every one part are tightly associated, making sure robust thematic thread runs during the assortment.
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Additional info for Knowledge, Innovation and Internationalisation: Essays in Honour of Cesare Imbriani
For instance, in his 26 Elisa Giuliani and F. Xavier Molina-Morales seminal work, Becattini (1979), questioned the interpretation of ¿rm performance as being dependent upon the industry structure (Scherer and Ross, 1990; Caves, 1992) and advanced the idea that a ¿rm’s performance was enhanced by their belonging to an industrial cluster. Within clusters, local resources are considered to be shared collectively and to be neither exclusive to any individual enterprise, nor available outside the cluster.
2004) ‘Network models of innovation and knowledge diffusion’, MERITInfonomics Research Memorandum Series, N. 2004-016. De Propris, L. and Drif¿eld, N. (2006) ‘The importance of clusters for spillovers from foreign direct investment and technology sourcing’, Cambridge Journal of Economics, 30(2): 277–91. Foray, D. (2004) Economics of Knowledge, Cambridge, MA: MIT Press. Hagedoorn, J. (2002) ‘Inter-¿rm partnerships: an overview of major trends and patterns since 1960’, Research Policy, 31(4): 477–92.
Their study largely supports the idea that ¿rms that take advantage of services available from regional (cluster) institutions achieve stronger competitive capabilities. In an extensive study, Cooke et al. (2005) address the question of whether ¿rms that make greater use of social capital display differences in business performance, as compared with other ¿rms. They found that relational embeddedness is an important indicator for SME performance at the ¿rm-level, but not at the regional level. Finally, in the speci¿c context of biotechnology, Whittington et al.