IDEAS home Printed from https://ideas.repec.org/a/taf/ecinnt/v12y2003i5p397-412.html
   My bibliography  Save this article

Innovation and coordination: A schutzian perspective

Author

Listed:
  • Tony Fu-Lai Yu

Abstract

This paper discusses the nature of innovation, the innovation process and its associated coordination problems in the subjectivist perspective. It argues that innovation, when viewed in the first person perspective, is not a homogeneous concept. Instead, the degree of newness of an innovation is determined subjectively by adopters. The stages of the innovation process described in the management literature are re-interpreted in light of Schutz' phenomenology. Innovation creates coordination problems. Schumpeterian innovation disrupts plans of market participants and threatens people's sense of reality. The stocks of knowledge of market participants are no longer able to solve new problems brought about by pioneering entrepreneurs. Knowledge taken for granted becomes problematic. As a result, coordination fails. In attempting to remove uncertainty arising from radical innovation, human agents create knowledge surrogates and project acts in the future perfect tense. Through a process of typification, successful actions are crystallised into firm routines and institutions that once again help to serve for coordination. The arguments developed in this paper throw new light on three aspects of business strategies, namely, management of innovation, vertical integration and advertising.

Suggested Citation

  • Tony Fu-Lai Yu, 2003. "Innovation and coordination: A schutzian perspective," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 12(5), pages 397-412.
    • Handle: RePEc:taf:ecinnt:v:12:y:2003:i:5:p:397-412
    DOI: 10.1080/10438590290028496
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/10438590290028496
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10438590290028496?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Giovanni Dosi & Giorgio Fagiolo, 2000. "Exploring the Unknown. On Entrepreneurship, Coordination and Innovation Driven Growth," Chapters, in: Innovation, Organization and Economic Dynamics, chapter 19, pages 552-590, Edward Elgar Publishing.
    2. Salvatore Rizzello, 1999. "The Economics of the Mind," Books, Edward Elgar Publishing, number 1900.
    3. Khalil, Elias L, 1997. "Buridan's Ass, Risk, Uncertainty, and Self-Competition: A Theory of Entrepreneurship," Kyklos, Wiley Blackwell, vol. 50(2), pages 147-163.
    4. Brian J. Loasby, 1989. "The Mind and Method of the Economist," Books, Edward Elgar Publishing, number 288.
    5. Elias L. Khalil, 1997. "Buridan's Ass, Risk, Uncertainty, and Self‐Competition: A Theory of Entrepreneurship," Kyklos, Wiley Blackwell, vol. 50(2), pages 147-163, May.
    6. Allen Oakley, 1999. "The Revival of Modern Austrian Economics," Books, Edward Elgar Publishing, number 1204.
    7. Witt, Ulrich, 1999. "Do Entrepreneurs Need Firms? A Contribution to a Missing Chapter in Austrian Economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 11(1-2), pages 99-109.
    8. Salvatore Rizzello, 2000. "Economic Change, Subjective Perception and Institutional Evolution," Metroeconomica, Wiley Blackwell, vol. 51(2), pages 127-150, May.
    9. Langlois, Richard N & Cosgel, Metin M, 1993. "Frank Knight on Risk, Uncertainty, and the Firm: A New Interpretation," Economic Inquiry, Western Economic Association International, vol. 31(3), pages 456-465, July.
    10. McCloskey,Deirdre N., 1994. "Knowledge and Persuasion in Economics," Cambridge Books, Cambridge University Press, number 9780521436038.
    11. McCloskey,Deirdre N., 1994. "Knowledge and Persuasion in Economics," Cambridge Books, Cambridge University Press, number 9780521434751.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tony Fu-Lai Yu, 2003. "A subjectivist approach to strategic management," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 24(4), pages 335-345.
    2. Khalil, Elias, 2008. "The Bayesian Fallacy: Distinguishing Four Kinds of Beliefs," MPRA Paper 8474, University Library of Munich, Germany, revised 26 Apr 2008.
    3. Fikret Adaman & Pat Devine, 2002. "A Reconsideration of the Theory of Entrepreneurship: A participatory approach," Review of Political Economy, Taylor & Francis Journals, vol. 14(3), pages 329-355.
    4. Ioana Negru, 2013. "Revisiting the Concept of Schools of Thought in Economics: The Example of the Austrian School," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(4), pages 983-1008, October.
    5. Claus Dierksmeier, 2011. "The Freedom–Responsibility Nexus in Management Philosophy and Business Ethics," Journal of Business Ethics, Springer, vol. 101(2), pages 263-283, June.
    6. Graupe, Silja & Steffestun, Theresa, 2018. ""The market deals out profit and losses": Wie ökonomische Standardlehrbücher das unreflektierte Denken in Metaphern fördern," Working Paper Series Ök-38, Cusanus Hochschule für Gesellschaftsgestaltung, Institut für Ökonomie.
    7. McCloskey Deirdre Nansen, 2018. "The Two Movements in Economic Thought, 1700–2000: Empty Economic Boxes Revisited," Man and the Economy, De Gruyter, vol. 5(2), pages 1-20, December.
    8. Khalil, Elias L., 2010. "The Bayesian fallacy: Distinguishing internal motivations and religious beliefs from other beliefs," Journal of Economic Behavior & Organization, Elsevier, vol. 75(2), pages 268-280, August.
    9. Rod O'Donnell, 2006. "Keynes's Principles of Writing (Innovative) Economics," The Economic Record, The Economic Society of Australia, vol. 82(259), pages 396-407, December.
    10. Warren Samuels, 1995. "Some thoughts on multiplicity," Journal of Economic Methodology, Taylor & Francis Journals, vol. 2(2), pages 287-292.
    11. Yalcintas, Altug, 2012. "İktisat doga bilimlerinin Mekke’si mi oluyor?: Toplumsal ve doga bilimleri iliskisi uzerine bir atıf analizi [Is economics becoming the Mecca of Biology?: A citation analysis of the relationship be," MPRA Paper 43493, University Library of Munich, Germany.
    12. Simon Mohun, 1999. "Markets, Money and Ideology," Working Papers 402, Queen Mary University of London, School of Economics and Finance.
    13. David C. Batten, 1999. "The Mismatch Argument: The Construction of a Housing Orthodoxy in Australia," Urban Studies, Urban Studies Journal Limited, vol. 36(1), pages 137-151, January.
    14. Spencer, David A, 2000. "The Demise of Radical Political Economics? An Essay on the Evolution of a Theory of Capitalist Production," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 24(5), pages 543-564, September.
    15. Andrew Yuengert, 2006. "Model selection and multiple research goals: The case of rational addiction," Journal of Economic Methodology, Taylor & Francis Journals, vol. 13(1), pages 77-96.
    16. Tony Yu, 2001. "An Entrepreneurial Perspective of Institutional Change," Constitutional Political Economy, Springer, vol. 12(3), pages 217-236, September.
    17. Wilfred Dolfsma & Patrick J. Welch, 2009. "Paradigms and Novelty in Economics: The History of Economic Thought as a Source of Enlightenment," American Journal of Economics and Sociology, Wiley Blackwell, vol. 68(5), pages 1085-1106, November.
    18. Mary Morgan, 2001. "Models, stories and the economic world," Journal of Economic Methodology, Taylor & Francis Journals, vol. 8(3), pages 361-384.
    19. Michael Perelman, 2011. "Retrospectives: X-Efficiency," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 211-222, Fall.
    20. Deirdre Nansen McCloskey, 2019. "Lachmann practiced humanomics, beyond the dogma of behaviorism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(1), pages 47-61, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ecinnt:v:12:y:2003:i:5:p:397-412. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/GEIN20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.