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JournalISSN: 0960-6491

Industrial and Corporate Change 

Oxford University Press
About: Industrial and Corporate Change is an academic journal published by Oxford University Press. The journal publishes majorly in the area(s): Productivity & Competition (economics). It has an ISSN identifier of 0960-6491. Over the lifetime, 1464 publications have been published receiving 122640 citations.


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TL;DR: In this paper, the authors argue that the competitive advantage of firms stems from dynamic capabilities rooted in high performance routines operating inside the firm, embedded in the firm's processes, and conditioned by its •*> history.
Abstract: An expanded paradigm is needed to explain how competitive advantage is gained and held. Firms resorting to 'resource-bas ed strategy' attempt to accumulate valuable technology assets and employ an aggressive intellectual property stance. However, winners in the global marketplace have been firms demonstrating timely responsiveness and rapid and flexible product innovation, along with the management capability to effectively coordinate and redeploy internal and external competences. This source of competitive advantage, 'dynamic capabilities', emphasizes two aspects. First, it refers to the shifting character of the environment; second, it emphasizes the key role of strategic management in appropriately adapting, integrating, and re-configuring internal and external organizational skills, resources, and functional competences toward changing environment.3 Only recently have researchers begun to focus on the specifics of developing firm-specific capabilities and the manner in which competences are renewed to respond to shifts in the business environment. The dynamic capabilities \ approach provides a coherent framework to integrate existing conceptual and empirical ^ knowledge, and facilitate prescription. This paper argues that the competitive advanis tage of firms stems from dynamic capabilities rooted in high performance routines z operating inside the firm, embedded in the firm's processes, and conditioned by its •*> history. It offers dynamic capabilities as an emerging paradigm of the modern business J firm that draws on multiple disciplines and advances, with the help of industry studies > in the USA and elsewhere.

3,697 citations

Journal ArticleDOI
TL;DR: The role of the business model in capturing value from early stage technology has been explored in this paper, where the authors explore the intellectual roots of the concept, offer a working definition and show how the Xerox Corporation arose by employing an effective business model to commercialize a technology rejected by other leading companies of the day.
Abstract: This paper explores the role of the business model in capturing value from early stage technology. A successful business model creates a heuristic logic that connects technical potential with the realization of economic value. The business model unlocks latent value from a technology, but its logic constrains the subsequent search for new, alternative models for other technologies later on—an implicit cognitive dimension overlooked in most discourse on the topic. We explore the intellectual roots of the concept, offer a working definition and show how the Xerox Corporation arose by employing an effective business model to commercialize a technology rejected by other leading companies of the day. We then show the long shadow that this model cast upon Xerox’s later management of selected spin-off companies from Xerox PARC. Xerox evaluated the technical potential of these spin-offs through its own business model, while those spin-offs that became successful did so through evolving business models that came to differ substantially from that of Xerox. The search and learning for an effective business model in failed ventures, by contrast, were quite limited.

3,372 citations

Journal ArticleDOI
TL;DR: In this article, the authors present a systematic account of the idea and content of regional innovation systems following discoveries made by regional scientists, economic geographers and innovation analysts, and conclude that the source for Europe's innovation gap with the United States rests on excess reliance on public intervention, which signifies major market failure.
Abstract: This paper presents a systematic account of the idea and content of regional innovation systems following discoveries made by regional scientists, economic geographers and innovation analysts. It considers the conditions and criteria for empirical recognition and judgment as to whether scientifically analysed, concrete cases of innovation activity warrant the designation of regional innovation system. The paper concludes by claiming that the source for Europe's innovation gap with the United States rests on excess reliance on public intervention, which signifies major market failure. The future will require widespread evolution of public innovation support systems along with stronger institutional and organizational support from the private sector. Copyright 2001 by Oxford University Press.

1,721 citations

Journal ArticleDOI
TL;DR: In this article, the authors present an unusually comprehensive and detailed literature analysis of the stream of research on university entrepreneurship, now encompassing 173 articles published in a variety of academic journals, and inductively derive a framework describing the dynamic process of university entrepreneurship based on a synthesis of the literature.
Abstract: The literature on university entrepreneurship is rapidly expanding, in both the United States and Europe. Since the literature is also fairly fragmented, however, we submit that it is time to take stock of the current knowledge to provide directions for future research and guideposts for policy makers. To accomplish this, we present an unusually comprehensive and detailed literature analysis of the stream of research on university entrepreneurship, now encompassing 173 articles published in a variety of academic journals. Four major research streams emerge in this area of study: (i) entrepreneurial research university, (ii) productivity of technology transfer offices, (iii) new firm creation, and (iv) environmental context including networks of innovation. We inductively derive a framework describing the dynamic process of university entrepreneurship based on a synthesis of the literature. We submit that this framework is useful in guiding future research on this important, yet complex and under-researched topic.

1,456 citations

Journal ArticleDOI
TL;DR: In this article, the authors draw heavily on the understanding of technological accumulation in the industrialized world in order to illuminate the situation in contemporary developing countries, and focus on the industrial sector in which, at least relative to earlier expectations, disappointment at the realized extent of'catching up' over the last four or five decades is perhaps the greatest.
Abstract: Several areas of economic analysis have given renewed attention during the 1980s to the long run importance of technological learning and technical change. These issues have become a central feature in the new trade and growth theories (e.g. Krugman, 1986; Lucas, 1988; Grossman and Helpman, 1990; Romer, 1986, 1990). They have emerged as one of the major factors explaining differences among the developed countries in growth and trade performance (e.g. Fagerberg, 1987, 1988;Cantwell, 1989), and they underlie analyses of the extent to which, as a result of differing growth paths, economies with different initial income levels have been converging or diverging over time (e.g. Abramovitz, 1986; Baumol, 1986; De Long, g 1988; Dowrick and Gemmell, 1991). This paper contributes to these areas of debate. It draws heavily on the j understanding of technological accumulation in the industrialized world in I order to illuminate the situation in contemporary developing countries. N And, since the basic processes of technological accumulation and technical | change differ fundamentally between the agricultural and industrial sectors I in low income economies, it focuses on the industrial sector. This is the sector in which, at least relative to earlier expectations, disappointment at the realized extent of'catching up' over the last four or five decades is perhaps I greatest. o Even at the beginning of that period, it was widely recognized that there ' were difficulties in transferring agricultural technologies from developed to

1,382 citations

Performance
Metrics
No. of papers from the Journal in previous years
YearPapers
202343
202262
2021113
202044
201981
201869