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Technologies, Products and Organization in the Innovating Firm: What Adam Smith Tells Us and Joseph Schumpeter Doesn't

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  • Pavitt, Keith
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    Abstract

    Adam Smith's insights into the increasingly specialized nature of knowledge production are crucially important in understanding the contemporary problems of managing innovating firms. Products and firms are based on an increasing range of fields of specialized technological understanding. Competition is not based on technological diversity, but on diversity and experimentation in products, etc. Firms rarely fail because of an inability to master a new field of technology, but because they do not succeed in matching the firm's systems of coordination and control to the nature of the available technological opportunities. Copyright 1998 by Oxford University Press.

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    Bibliographic Info

    Article provided by Oxford University Press in its journal Industrial & Corporate Change.

    Volume (Year): 7 (1998)
    Issue (Month): 3 (September)
    Pages: 433-52

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    Handle: RePEc:oup:indcch:v:7:y:1998:i:3:p:433-52

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    Cited by:
    1. Caroline Gerschlager, 2012. "Agents of change," Journal of Evolutionary Economics, Springer, vol. 22(3), pages 413-441, July.
    2. Husted, Kenneth, 1999. "Between Autonomy and Control: The role of industrial researchers’ decision-making," Working Papers 11/1999, Copenhagen Business School, Department of Management, Politics & Philosophy.
    3. Hopkins, Michael M. & Martin, Paul A. & Nightingale, Paul & Kraft, Alison & Mahdi, Surya, 2007. "The myth of the biotech revolution: An assessment of technological, clinical and organisational change," Research Policy, Elsevier, vol. 36(4), pages 566-589, May.
    4. Mudambi, Ram, 2002. "Knowledge management in multinational firms," Journal of International Management, Elsevier, vol. 8(1), pages 1-9.
    5. Breschi, Stefano & Lissoni, Francesco & Malerba, Franco, 2003. "Knowledge-relatedness in firm technological diversification," Research Policy, Elsevier, vol. 32(1), pages 69-87, January.
    6. Reger, Guido, 2004. "Coordinating globally dispersed research centres of excellence--the case of Philips Electronics," Journal of International Management, Elsevier, vol. 10(1), pages 51-76.
    7. Mauro Caminati & Serena Sordi & Arsenio Stabile, 2006. "Patterns of Discovery," Department of Economics University of Siena 473, Department of Economics, University of Siena.
    8. de Jong, Jeroen P.J. & Marsili, Orietta, 2006. "The fruit flies of innovations: A taxonomy of innovative small firms," Research Policy, Elsevier, vol. 35(2), pages 213-229, March.
    9. Jean-Luc Gaffard, 2003. "Coordination, marché et organisation. Essai sur l'efficacité et la stabilité des économies de marché," Revue de l'OFCE, Presses de Sciences-Po, vol. 85(2), pages 235-270.
    10. Ulrich Witt & Christian Zellner, 2009. "How firm organizations adapt to secure a sustained knowledge transfer," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(7), pages 647-661.
    11. Ebersberger, Bernd & Marsili, Orietta & Reichstein, Toke & Salter, Ammon, 2008. "Fortune favours the brave: The distribution of innovative returns in Finland, the Netherlands and the UK," Structural Change and Economic Dynamics, Elsevier, vol. 19(4), pages 357-362, December.
    12. Puay Tang & Nick von Tunzelmann, 2000. "Management, Governance and Intellectual Property: Electronic Publishing in the UK," Journal of Management and Governance, Springer, vol. 4(4), pages 299-318, December.
    13. Mendona, Sandro, 2009. "Brave old world: Accounting for 'high-tech' knowledge in 'low-tech' industries," Research Policy, Elsevier, vol. 38(3), pages 470-482, April.
    14. Keith Pavitt, 2002. "Knowledge about knowledge since Nelson & Winter: a mixed record," SPRU Working Paper Series 83, SPRU - Science and Technology Policy Research, University of Sussex.
    15. Pablo D'Este Cukierman, 2004. "Persistent Knowledge Specialisation and Intra-Industry Heterogeneity: an Analysis of the Spanish Pharmaceutical Industry," SPRU Working Paper Series 110, SPRU - Science and Technology Policy Research, University of Sussex.
    16. Grebel, Thomas, 2013. "On the tradeoff between similarity and diversity in the creation of novelty in basic science," Structural Change and Economic Dynamics, Elsevier, vol. 27(C), pages 66-78.
    17. Meyer, Martin & Pereira, Tiago Santos & Persson, Olle & Granstrand, Ove, 2004. "The scientometric world of Keith Pavitt: A tribute to his contributions to research policy and patent analysis," Research Policy, Elsevier, vol. 33(9), pages 1405-1417, November.
    18. Figueiredo, Paulo N., 2002. "Does technological learning pay off? Inter-firm differences in technological capability-accumulation paths and operational performance improvement," Research Policy, Elsevier, vol. 31(1), pages 73-94, January.
    19. Yongtae Park & Sungjoo Lee & Sora Lee, 2012. "Patent analysis for promoting technology transfer in multi-technology industries: the Korean aerospace industry case," The Journal of Technology Transfer, Springer, vol. 37(3), pages 355-374, June.
    20. Davide Consoli, 2005. "Changing boundaries and structure of a technological system: lessons from UK retail banking," Development and Comp Systems 0506004, EconWPA.
    21. Balconi, Margherita, 2002. "Tacitness, codification of technological knowledge and the organisation of industry," Research Policy, Elsevier, vol. 31(3), pages 357-379, March.
    22. Cohendet, Patrick & Meyer-Krahmer, Frieder, 2001. "The theoretical and policy implications of knowledge codification," Research Policy, Elsevier, vol. 30(9), pages 1563-1591, December.

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