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We characterize the conditions under which firms choose to (i) merge, (ii) form an alliance, or (iii) trade assets. For that prupose, we distinguish between the firms' assets (what can be traded in isolation), thei knowhow (what can be learned but not traded), and their core competencies (what...
Persistent link: https://www.econbiz.de/10005858361
Economic institutions encompassing increasingly sophisticated concepts of risk-sharing and liability flourished in Europe since the High Middle Ages. These innovations occurred in an environment of fragmented local jurisdictions, not within the framework of the territorial state. In this short...
Persistent link: https://www.econbiz.de/10005870503
Most economic historians would surely endorse Paul Romer's view expressed above that technological progress lies at the heart of long run economic growth. Long ago Kuznets identified the epoch of 'modern economic growth' as one where growth came to be driven by scientific and technological...
Persistent link: https://www.econbiz.de/10005870592
Leadership is often defined as the capability to successfully manage change inorganisations. The way one manages change is to some extent contextual and influenced bythe environment. The environment our future leaders have to operate in is quite differentfrom what we were used to in the previous...
Persistent link: https://www.econbiz.de/10009354093
the ‘MiddleKingdom’ and was for centuries a model of technological and economic innovation. TheChinese not only introduced …
Persistent link: https://www.econbiz.de/10009354094
Does FDI affect productivity growth, innovation, and knowledge sourcing activities ofdomestic firms? This study employs … subsequent periods. This isconsistent with the view that FDI inflow to a sector intensifies knowledge flows todomestic firms.... …
Persistent link: https://www.econbiz.de/10009360488
Continuous change characterizes current economic practice. Frequently, organizations are facing social, economic, political, technological, and ecological changes (Naisbitt & Aburdene, 1992; Kobi, 1996). To respond to these challenges adequately is essential for continuation and success of every...
Persistent link: https://www.econbiz.de/10005861336
importance for radical innovation significantlydetermines both, choice of users integrated as well as choice of integration …
Persistent link: https://www.econbiz.de/10005866995
Motivation of this paper is to discuss that the open source model of innovation does not only seem practical in the … software industry, but also in various other industrial contexts. We develop the concept of Open Source Innovation (OSI) as a … the free revelation of knowledge between actors. Since OSI exhibits important differences to several related concepts in …
Persistent link: https://www.econbiz.de/10005866996
the Open Source Innovation (OSI) model. OSI exhibits main differences to other related models and concepts such as the … private-collective model, commons-based peer production, R&D networks and is therefore an innovation model in its own right …
Persistent link: https://www.econbiz.de/10005866997