Business and Management

The innovative strength of the world's two largest economies, the United States and Japan, are based on two different forms of industrial and social organization. For the United States, venture companies play a key role in technical and economic progress, while in Japan they have only a minor role. This book argues that without vibrant new high technology companies, Japanese industry will decline inexorably. At the same time, if the favourable yet delicate environment in America is undermined, America will face collapse of its innovative and economic strength. Japan has done much to improve its environment for high technology ventures. It has some promising new high technology companies and gradually increasing numbers of entrepreneurial scientists and managers. But they continue to swim against the current. One reason is that large, established companies dominate high technology fields and pursue an autarkic innovation strategy-relying on research in-house or in affiliated companies. Another reason is that these same large companies still have preferential access to university discoveries, largely because of government policies. Thus, high technology ventures are deprived of niches in which to grow, skilled personnel, and their natural customer base. In the field of university-industry relations, steps can still be taken to improve the environment for high technology ventures-steps that would also increase the quality of university science. The American–Japanese innovation dichotomy represents a broader dichotomy between so-called liberal and coordinated market economies. The lessons from these two countries' experiences are applicable to many industrialized countries, and to developing countries shaping their innovation systems.

This book provides the first in-depth analysis of how four innovative Chinese electronics enterprises — the Stone Group, the Legend Computer Group, the Founder Group, and the China Great Wall Computer Group — transformed the Chinese computer industry over the past decade. It explains how indigenous Chinese business enterprises that developed during the era of economic reform gained the high-technology capabilities and modern marketing know-how to compete domestically and internationally with powerful foreign multinationals. Through case studies based on first-hand access to company records and personnel, this book reveals how, building on technological capabilities accumulated during the central planning era, the institutional transformations of the economic reform era unleashed a unique pattern of organizational learning and innovative enterprise. This book also draws out the implications of the developmental experience of the Chinese computer electronics sector for understanding the institutional and organisational foundations for a successful transition from a centrally planned economy toward a market-oriented one.

This book examines the origins and emergence of technology-based industrial clusters — regional concentrations of related firms and organizations — in order to understand the forces that promoted economic development. Many places attempt to emulate the world's most famous industrial cluster Silicon Valley, with its rich institutional landscape of engaged and leveraged research universities, high-flying local venture capitalists, world class supporting business and legal consultants, and rich collaborative networks. While mature clusters may look similar, what really matters is the process by which clusters come into existence. But there is little understanding of such processes, and little guidance provided on the role of policies in promoting cluster emergence. The book attempts to bridge this gap in the literature by focusing on the early origins of high-technology cluster in Europe, the United States, and China, and the ensuing policy implications. The book is organized around three main themes: Creation Myths Revisited, Considering the Development Cluster Context, and Crafting Cluster and Economic Development Policy. The empirical analyses suggest that clusters that grow rapidly as compared to the less successful ones are distinguished by vigorous entrepreneurial activity and the active building of institutions aided by the forces of agglomeration economies.

Why are some individuals more entrepreneurial than others? What types of institutional environments are more conducive to entrepreneurship? Does entrepreneurship contribute to the growth of a country? Answering these questions is particularly important at a time when governments all over the world are looking to entrepreneurship as a way to increase employment and the competitiveness of their countries. The chapters in this volume cover topics such as entrepreneurial motivation, gender and migration, entrepreneurial financing, urban entrepreneurship, growth-oriented entrepreneurship, economic growth, and regional entrepreneurship policies. Each chapter is based on data from the Global Entrepreneurship Monitor. The GEM project collects detailed and comparable data on representative population samples in more than 60 countries. No other existing book provides such a coherent global view of entrepreneurship and its implications. Other studies use a hodge-podge of data from different sources to study entrepreneurship. The data used to support the different parts of a given argument are not always consistent with one another or easily compared. The scientific validity of such empirical findings is limited as the various pieces of evidence do not belong to the same puzzle. Therefore, the coherence of a universal approach is lost and important aspects of the entrepreneurial process may be overlooked or undervalued. This volume, on the other hand, tests all theoretical arguments against the same empirical data, all the pieces fit into the same puzzle and a coherent and unitary picture of entrepreneurial activity, from its causes and motivations to its macroeconomic impact and implications, emerges.

This is a book about the formation, development, and success or failure of new high technology companies, focusing on those that grew under the auspices of entrepreneurs from Massachusetts Institute of Technology (MIT) in Boston at the end of World War Two. Trained in high-technology in MIT's labs and academic departments or in the local industrial marvel that became known as the “Route 128 phenomenon”, these entrepreneurs took their technical and innate skills with them to found their own new companies. The book is based on extensive empirical research on these firms conducted over a period of twenty-five years and much previously written work on the subject, and is the culmination of such earlier work and synthesized findings. It centers on people, technology, money, and markets, and its main goal is to provide insights that may eventually contribute to fulfilling other entrepreneurs' dreams and other communities' hopes. The book chapters comprise three connected sections — treating birth, transition and growth, and success or failure.

This book examines the initial commercial uses of genetic engineering. Genetic engineering is one of the most modern, controversial and dynamic of the science-based technologies. It is not an object, but a set of techniques or way of doing things. The development of these technologies from the 1970s onwards illustrates the changing relationships between universities and firms, and between basic science and research oriented towards commercial uses. The main focus of the book is on two firms — DS Genentech in the United States and Kabi in Sweden — and their activities and ‘knowledge-seeking’ behaviour in the development of human growth hormone and how those ran in parallel with university science. This book was awarded the Schumpeter Society book prize in 1996. This paperback edition includes a new introduction in which the author reflects upon the most recent developments in biotechnology. The book will interest those who wish to understand the complexities of innovation processes in the ‘knowledge society’, for example, management and organisation researchers, economists, policy advisors, and managers and strategists responsible for turning knowledge into product and profit.

The MBA is probably the hottest ticket among the current university graduate degree offerings—every year, more than 120,000 students enroll in MBA programs in the United States, and the estimates in Europe do not lag far behind. In addition, job prospects have never looked better for business-school graduates; corporations are hiring more business-school graduates every year, and compensating them more handsomely. This book is a review of the major contemporary debates on management education. At the same time, it makes a proposal that will certainly have an impact in business schools: that managers need to develop a series of qualitative tacit skills which could be appropriately developed by integrative curricula brought from different disciplines, including sociology, philosophy, and other social sciences. The book's authors, both involved in the integrative business-education program at the Rotheman School of Management, provide a guide on how to design a reliable integrated program for management students.

Information is not taken seriously. Much is said about the information age, the information economy, the information society, and particularly about information technology, but little about information itself. Information has some very odd characteristics, conveniently overlooked by senior managers passionate about knowledge-based, learning organizations; by politicians and public servants, compensating with policy and programme for the information failure of organization and market; and by the IT and dotcom communities, bent on adding value to what they treat as just a commodity. This book looks at innovation from an information perspective; one that puts information first. Its information perspective is applied to eighteenth-century agriculture and high technology, to technology transfer and espionage, to corporate strategy and intellectual property.

The study of varieties of capitalism is moving on from the analysis of static national types to embrace local and sectoral diversity and the study of systems in the process of major change. This book addresses the issue by examining four localised sectors, comparing a German case with one in another European country. The general changes taking place in Germany itself and the other countries (Hungary, Sweden, and the UK) form the context of the studies. The case studies concern the following: furniture making in North-Rhine Westphalia and southern Sweden; automotive manufacture in east Germany and northern Hungary; biotechnology around Munich and Cambridge; and TV programme and film-making in Cologne and central London. The studies find a complex pattern of conformity with, and deviation from, national types, but only occasional examples of where divergence takes the form of a direct confrontation with a national model. This is partly because national models are themselves changing; partly because they are often capable of accommodating more diversity than is often assumed by national studies; and partly because firms are increasingly able to reach outside their national boundaries for institutional resources.