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OverviewManaging to innovate successfully is one of the key challenges facing modern managers, firms, and governments. The rise to prominence of Japanese keiretsu in recent years has valled into question the effectiveness of traditional western forms of corporate organization. Will the futer favour networks of small innovative firms as in California's Silicon Valley, or will giant integrated firms dominate? Should governments play a role in directing the innovation process or should decisions be left to private enterprise? Firms, Markets and Economic Change draws on industrial economics, business strategy, and economic history to ulluminate these topics. The authors first develop an evolutionary model to show when innovation os best undertaken within firms and when markets are the most efficient way of dealing with change. This is then illustrated by detailed discussion of the effect of innovation on the organization of the American automobile industry in the early years of the twentieth century. The chapters which follow outline the effect of innovation on the organization in the early years of the twentieth century. The chapters which follow outline the effects of consumer preferences and organizational inertia on firm and market organization, and a thorough discussion id presented of the role of governments in advancing technological change. The authors argue that innovation is a complex process that defies neat categorization. Numerous organizational forms may be approporiate depending on teh specific circumstances facing innovators. Thus, government policyshould be to facilitate change rather than direct it since decisions on innovation are best left to the princilpe actors who are familiar with the unique aspects of each case. Full Product DetailsAuthor: Richard N. Langlois (University of Connecticut, USA) , Paul L. RobertsonPublisher: Taylor & Francis Ltd Imprint: Routledge Dimensions: Width: 15.60cm , Height: 1.50cm , Length: 23.40cm Weight: 0.453kg ISBN: 9780415123853ISBN 10: 0415123852 Pages: 198 Publication Date: 06 July 1995 Audience: College/higher education , Professional and scholarly , Tertiary & Higher Education , Postgraduate, Research & Scholarly Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents1 INTRODUCTION 2 CAPABILITIES, STRATEGY AND THE FIRM 3 A DYNAMIC THEORY OF THE BOUNDARIES OF THE FIRM 4 VERTICAL INTEGRATION IN THE EARLY AMERICAN AUTOMOBILE INDUSTRY 5 EXTERNAL CAPABILITIES AND MODULAR SYSTEMS 6 INERTIA AND INDUSTRIAL CHANGE 7 INNOVATION, NETWORKS AND VERTICAL INTEGRATION 8 CONCLUSIONReviewsAuthor InformationRichard N. Langlois is Professor of Economics at the University of Connecticut, Storrs. His research interests include the economics of organization, the economics of technology, and economic history. He is the editor of Economics as a Process: Essays in the New Institutional Economics (1986) and the lead author of Microelectronics: An Industry in Transition (1988). Paul L. Robertson is a Senior Lecturer in the Department of Economics and Management at University College, University of New South Wales. In recent years, he has taught strategic and project management as well as economic history. In addition to many articles, he is the co-author, with Sidney Pollard, of The British Shipbuilding Industry, 1870–1914 (1979). Tab Content 6Author Website:Countries AvailableAll regions |
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