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The New Competitive Advantage: The Renewal of American Industry

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  • Best, Michael

    (University Professor, University of Massachusetts Lowell)

Abstract

This book addresses the sustained resurgence of American economy, and the firms, regions, and technologies that are driving this growth. Michael Best develops a new model of technology management and regional innovation based on the principle of systems integration. The principle of systems integration is manifest in the organizational capability of firms, individually and networked, to foster rapid technological change. Application of the principle of sysyems integration to business organization means integrating an ongoing technology management capability into a production system. The effect is a network or cluster of entrepreneurial firms in which design is decentralized within the enterprise and diffused amongst networked enterprises.It is a business model ideally suited to product-led strategies and technological innovation. The combination of entreprenurial firms and inter-firm networks is shown to foster a range of dynamic cluster processes which, in turn, underlie the growth of Silicon Valley and the unexpected resurgence of Boston's Route 128. The general character of the capabilities and innovation perspective is illustrated with applications to regions at different levels of industrial development. The implications for policy making are profound: technology management is a powerful lever for both fostering growth and shaping competitive advantage. Moreover, it offers a framework for addressing the challenge of ecologically sustainable growth. Complex product systems, such as energy, transportation, and health, are a consequence of past and present technology R&D choices and corresponding investements in technical education. Thus capability and skill development policies shape what is on offer in the marketplace.

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Bibliographic Info

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This book is provided by Oxford University Press in its series OUP Catalogue with number 9780198297451 and published in 2001.

ISBN: 9780198297451
Order: http://ukcatalogue.oup.com/product/9780198297451.do
Handle: RePEc:oxp:obooks:9780198297451

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Cited by:
  1. Sanjaya Lall, Manuel Albaladejo and Jinkang Zhang (QEH), . "Mapping Fragmentation: Electronics and Automobiles in East Asia and Latin America," QEH Working Papers qehwps115, Queen Elizabeth House, University of Oxford.
  2. Ozawa, Terutomo, 2003. "Pax Americana-led macro-clustering and flying-geese-style catch-up in East Asia: mechanisms of regionalized endogenous growth," Journal of Asian Economics, Elsevier, vol. 13(6), pages 699-713, January.
  3. Vasilovschi Nicoleta & Georgescu Stefan, 2012. "Transformational leadership and the economic competitiveness in shipping industry today," Constanta Maritime University Annals, Constanta Maritime University, vol. 17(1), pages 307-310.
  4. Lynn K. Mytelka, 2006. "Divides and rules: the impact of new wave technologies on learning and innovation in the South," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(6), pages 861-876.
  5. Anna Lejpras & Andreas Stephan, 2008. "Locational Conditions, Cooperation, and Innovativeness: Evidence from Research and Company Spin-offs," Discussion Papers of DIW Berlin 804, DIW Berlin, German Institute for Economic Research.
  6. Jürgens, Ulrich, 2004. "Gibt es einen europaspezifischen Entwicklungsweg in der Automobilindustrie?," Discussion Papers, Research Unit: Knowledge, Production Systems and Work SP III 2004-301, Social Science Research Center Berlin (WZB).
  7. Elizabeth Garnsey & Erik Stam & Paul Heffernan, 2006. "New Firm Growth: Exploring Processes and Paths," Industry and Innovation, Taylor & Francis Journals, vol. 13(1), pages 1-20.
  8. repec:hal:gemwpa:hal-00962391 is not listed on IDEAS
  9. Ben Gardiner & Ron Martin & Tyler Peter, 2004. "Competitiveness, Productivity and Economic Growth across the European Regions," ERSA conference papers ersa04p333, European Regional Science Association.
  10. Anna Lejpras, 2012. "How Innovative Are Spin-offs at Later Stages of Development?: Comparing Innovativeness of Established Research Spin-offs and Otherwise Created Firms," Discussion Papers of DIW Berlin 1237, DIW Berlin, German Institute for Economic Research.
  11. Rajah RASIAH, 2013. "Stimulating Innovation in ASEAN Institutional Support, R&D Activity and Intellectual Property Rights," Working Papers DP-2013-28, Economic Research Institute for ASEAN and East Asia (ERIA).
  12. Jürgens, Ulrich, 2003. "Characteristics of the European automotive system: Is there a distinctive European approach?," Discussion Papers, Research Unit: Knowledge, Production Systems and Work SP III 2003-301, Social Science Research Center Berlin (WZB).
  13. Helen Lawton Smith & Saverio Romeo, 2011. "Entrepreneurship And Innovation: Oxfordshire ã„ôS High-Tech Economy €Šã„ìFirm Survival, Growth And Innovation," ERSA conference papers ersa10p1461, European Regional Science Association.
  14. Elizabeth Garnsey & Paul Heffernan, 2005. "High-technology clustering through spin-out and attraction: The Cambridge case," Regional Studies, Taylor & Francis Journals, vol. 39(8), pages 1127-1144.
  15. Ron Martin & Peter Sunley, 2002. "Deconstructing Clusters: Chaotic Concept or Policy Panacea," ESRC Centre for Business Research - Working Papers wp244, ESRC Centre for Business Research.
  16. Keith Cowling & Philip Tomlinson, 2002. "Revisiting the Roots of Japan's Economic Stagnation: The role of the Japanese corporation," International Review of Applied Economics, Taylor & Francis Journals, vol. 16(4), pages 373-390.
  17. E. Stam & R. Martin, 2012. "When High Tech ceases to be High Growth: The Loss of Dynamism of the Cambridgeshire Regio," Working Papers 12-10, Utrecht School of Economics.
  18. Arne Isaksen & James Karlsen, 2011. "Organisational Learning, Supportive Innovation Systems and Implications for Policy Formulation," Journal of the Knowledge Economy, Springer, vol. 2(4), pages 453-462, December.
  19. Mytelka, Lynn K., 2003. "New Wave Technologies: Their Emergence, Diffusion and Impact. The Case of Hydrogen Fuel Cell Technology and the Developing World," UNU-INTECH Discussion Paper Series 3, United Nations University - INTECH.
  20. Marcela Miozzo & Lori DiVito & Panos Desyllas, 2011. "Cross-border acquisitions of science-based firms: Their effect on innovation in the acquired firm and the local science," DRUID Working Papers 11-17, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.

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