Change in the 21st century is rapid-fire and turbulent. As globalization, technological complexity, and interdependence have created new opportunities, they have also created new uncertainties. In this environment, resilience is emerging as a new and increasingly critical priority for companies...

We do two things in this paper. First, we put forward some elements of a microeconomic theory of technological evolution. This involves adding nascent (essentially undiscovered) technologies to the existing technologies of neoclassical production theory, and, more importantly, expanding the...

Does social entrepreneurship matter? A strong consensus is emerging that this question has an obvious answer. The disagreement comes over whether that answer is "yes" or "no." With reference to three cases (the Tata Group, the Aravind Eye Hospital, and Ben & Jerry's), I argue in this paper that...

Recent studies of home healthcare provision using existing technologies have shown reductions of 15-30% compared with hospital-based care for similar patient populations, with savings that may potentially be realized from a full embrace of existing telehealth and home healthcare services over...

Examines varyinglevels of funding by U.S.companies for early-stage technology development (ESTD), across industries andfirms. For purposes of this study, ESTD is defined as the early development offundamentally new products or processes that lie outside of, or might be inconflict with, the...

In this paper we argue that specific institutional and behavioral disjunctures in the process of technology development may systematically impede the flow of financial and other resources to even the most promising nascent technology ventures. Our particular focus is on the role of technology...

I present a model of industry dynamics resulting from competition between forward looking, heterogeneous firms that face three simultaneous challenges: learning in the process of production, competing against new entrants able to imitate best practice (albeit imperfectly), and enduring...