Globalization Of Innovation Activity By Transnational Corporations: And Its Importance In The Present Economic Crisis
AbstractThe research aims to investigate the process of globalizing innovation activity conducted by transnational corporations (TNCs), in a wider context of economic changes outside and inside companies. The process has been triggered by decentralization and internationalization of R&D, “creative transition” of foreign subsidiaries as well as implementing research networks and the open innovation model of TNCs’ innovation activity. Under the present economic crisis some slowdown and reorientation of innovation programs are implemented in order to reduce their costs and increase effectiveness. The globalization of corporate innovation activity can contribute to reaching some of TNCs’ goals both under the present crisis and the future revival of the world economy.
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Bibliographic InfoArticle provided by Prague Development Center in its journal Perspectives of Innovation in Economics and Business (PIEB).
Volume (Year): 4 (2010)
Issue (Month): 1 (February)
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Web page: http://academicpublishingplatforms.com/journal.php?journal=PIEB
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Globalization; innovations; economic crisis; TNC.;
Find related papers by JEL classification:
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
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