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Technological Innovation and Firm Inertia

In: Organization and Strategy in the Evolution of the Enterprise

Author

Listed:
  • Paul J. H. Schoemaker
  • M. Laurentius Marais

Abstract

More than ever, the long-term success of manufacturing as well as service firms hinges on effective response to technological change. Globalization, combined with a quicker pace of innovation, make timely technological adaptation a business imperative. Decisions about technological innovation occur at several levels within the firm. The highest level is that of strategic planning, notably investment in perceived ‘strategic assets’ (see Amit and Schoemaker, 1992). In addition, numerous tactical decisions can impact the firm’s technological base and advantage. Furthermore, successful innovation requires broad organizational learning, be it at the strategic level, in capital budgeting or when implementing new technology.

Suggested Citation

  • Paul J. H. Schoemaker & M. Laurentius Marais, 1996. "Technological Innovation and Firm Inertia," Palgrave Macmillan Books, in: Giovanni Dosi & Franco Malerba (ed.), Organization and Strategy in the Evolution of the Enterprise, chapter 7, pages 179-205, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-13389-5_8
    DOI: 10.1007/978-1-349-13389-5_8
    as

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