Learning and Innovation in Organizations and Economies
This book develops a general 'logic', or heuristic of discovery, to explain the emergence of novelty in individual thought, organizations, industries, and economies. It draws on a variety of literatures, discussing theories of organizational learning, evolutionary and institutional economics, knowledge and language. It brings these together in a unifying framework, and applies that for an analysis of innovation systems and the management of learning. Unification is based on the resource or competence-based view in economics, in combination with a theory of learning by interaction. The central theme of the book is the relation between stability and change. In business literature this theme appears in the relation between exploitation and exploration. In evolutionary economics it appears in the relation between selection and adaptation. The general heuristic shows how exploitation can provide the basis for exploration. The analysis is illustrated with many phenomena and empirical results from the different literatures.
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absorptive capacity action activities adapt architectural arise basis behaviour bounded rationality co-ordination cognitive distance cognitive science competencies competition consolidation constraints creative destruction culture cycle of discovery depends discussed in Chapter disintegration dominant design economy of scale effect efficient entails entrepreneurship evolution evolutionary evolutionary economics example experience exploitation and exploration extent flexibility heuristic indicated innovation systems institutional economics institutional environment integration interaction interfirm language large firms literature markets meaning metaphor methodological individualism networks nodes Nooteboom notion novel combinations novel contexts novelty opportunities organization organizational learning paradigm perspective practice problem product differentiation proposed punctuated equilibria question radical innovation reciprocation relations repertoires requires role routines Schumpeterian selection environment sense shift small firms social specific investments spillover stage structure and agency substitutions tacit knowledge theory of knowledge tion transaction costs transaction-cost economics trust understanding units of selection variety yields