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Innovation and the Profitability Imperative: Consequences on the Formation of the Firm’s Knowledge Capital

In: Powerful Finance and Innovation Trends in a High-Risk Economy

Author

Listed:
  • Blandine Laperche

    (University of Littoral Côte d’Opale)

Abstract

In neoclassical economics, the firm is seen as a ‘black box’, i.e. an entity receiving flows of raw materials and turning out flows of processed or finished products. The purpose of such an entity is to maximize its profit, being limited only by its resources. However, since the 1960s, this restrictive vision of the firm’s goals has been largely questioned and has been commonly replaced by a more complex spectrum of objectives.

Suggested Citation

  • Blandine Laperche, 2008. "Innovation and the Profitability Imperative: Consequences on the Formation of the Firm’s Knowledge Capital," Palgrave Macmillan Books, in: Blandine Laperche & Dimitri Uzunidis (ed.), Powerful Finance and Innovation Trends in a High-Risk Economy, chapter 14, pages 248-269, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-58409-9_15
    DOI: 10.1057/9780230584099_15
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    Citations

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    Cited by:

    1. Nejla YACOUB, 2012. "Brevetabilité des médicament, innovation et l’avenir de l’industrie pharmaceutique en Tunisie DRUGS PATENTABILITY INNOVATION AND THE FUTURE OF THE PHARMACEUTICAL INDUSTRY IN TUNISIA THEORETICAL STUDY ," Working Papers 248, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation.
    2. Denis LANGLET & Blandine LAPERCHE & Gilliane LEFEBVRE, 2010. "Financiarisation Et Crise Economique Mondiale : Quels Impacts Sur La Strategie D‟Innovation Des Groupes Industriels ? Financialisation And Global Economic Crisis: What Impacts On The Innovation Strate," Working Papers 17, Réseau de Recherche sur l’Innovation. / Research Network on Innovation.

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