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The role of managers, entrepreneurs and the literati in enterprise performance and economic growth

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  • David J. Teece

Abstract

Economic growth theory has underplayed the importance of the management of the business enterprise in economic growth and development. In today's global economy, business enterprises must be able to sense opportunities, seize or execute on such opportunities, and reconfigure and transform as circumstances dictate. In order to accomplish this, management must be intensely entrepreneurial. Moreover, success in high technology sectors requires the employment and effective use of many skilled individuals (the literati). This has its own peculiar challenges for management and organisation, including the need to design collegial organisation structures with low authority, good incentives, and a culture of commitment. Industrial models of organisation with deep hierarchies need to be abandoned in favour of distributed leadership models where the employment relation is understood in non-traditional terms.

Suggested Citation

  • David J. Teece, 2007. "The role of managers, entrepreneurs and the literati in enterprise performance and economic growth," International Journal of Technological Learning, Innovation and Development, Inderscience Enterprises Ltd, vol. 1(1), pages 43-64.
  • Handle: RePEc:ids:ijtlid:v:1:y:2007:i:1:p:43-64
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    Cited by:

    1. Lin, H.E., 2010. "Effects of strategy, context and antecedents and capabilities on the outcomes of ambidexterity – A multiple country case study of the US, China and Taiwan," Other publications TiSEM c0eab7d6-d6c7-4b55-9822-1, Tilburg University, School of Economics and Management.
    2. Figueiredo, Paulo N., 2016. "New challenges for public research organisations in agricultural innovation in developing economies: Evidence from Embrapa in Brazil's soybean industry," The Quarterly Review of Economics and Finance, Elsevier, pages 21-32.
    3. Figueiredo, Paulo N., 2016. "Evolution of the short-fiber technological trajectory in Brazil's pulp and paper industry: The role of firm-level innovative capability-building and indigenous institutions," Forest Policy and Economics, Elsevier, vol. 64(C), pages 1-14.

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