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This paper distinguishes entrepreneurial network effects from the firm effects and industry effects that have been the focus of much of the literature about the economics of technological change and the economics of industrial organization. A method of identifying entrepreneurial networks is...
Persistent link: https://www.econbiz.de/10012951427
The entrepreneur is an elusive character in economic theory due to the difficulty of providing an accurate description. It appears impossible to produce a single definition of entrepreneurship and most theoretical approaches yield operational difficulties. By the same token, most operational...
Persistent link: https://www.econbiz.de/10005644970
for innovation for sale. Moreover, we show that increasing the degree of industry-wide standardization furthers the goal …
Persistent link: https://www.econbiz.de/10005622745
Purpose – Schumpeter claimed the entrepreneur to be instrumental for creative destruction and industrial dynamics. Entrepreneurial entry serves to transform and revitalize industries, thereby enhancing their competitiveness. The purpose of this paper is to investigate if entry of new firms...
Persistent link: https://www.econbiz.de/10012953328
It appears that innovation, and how an organization can acquire it, is the key to being competitive in the New Product … Development (NPD) marketplace. Knowledge that leads to innovation in products, unlike specialized scientific knowledge areas (for … must make a deliberate, on-going effort to develop innovation. If organizations can capture lessons learn from NPD …
Persistent link: https://www.econbiz.de/10014040429
Entrepreneurship, by its very essence, concerns the theory of the firm --- the individual enterprise --- which in turn is the essential core of micro-economics. A major theme of this study, however, is to demonstrate the interaction of micro- and macro-economic phenomena: to show how such firms...
Persistent link: https://www.econbiz.de/10005704726
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The starting point of this paper is that the exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent...
Persistent link: https://www.econbiz.de/10010320055