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Trinity for Innovation: the Case of Tokyo Rope in the Meiji Era

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  • Yokoyama, Kazuki

Abstract

How companies can achieve the urgently required innovation is a contemporary issue. As a historical example of this issue, this paper notices the case of Tokyo Rope Corporation (Tokyo Seiko) in the Meiji era (1868-1911). The purpose of this paper is to examine the factors of Tokyo Rope’s R&D based on the records of the company history and other documents. This paper points out three factors: (1) rebuilding a corporate governance structure for ambidexterity, which refers balancing the exploitation of existing products with the exploration of new developments; (2) intellectual communication between academic researchers and practitioners; and (3) smooth B2B transactions. The trinity of these factors could have brought about rapid innovation.

Suggested Citation

  • Yokoyama, Kazuki, 2023. "Trinity for Innovation: the Case of Tokyo Rope in the Meiji Era," MPRA Paper 119536, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:119536
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    References listed on IDEAS

    as
    1. Mokyr, Joel, 1992. "The Lever of Riches: Technological Creativity and Economic Progress," OUP Catalogue, Oxford University Press, number 9780195074772.
    2. Mitsuru Igami, 2017. "Estimating the Innovator’s Dilemma: Structural Analysis of Creative Destruction in the Hard Disk Drive Industry, 1981–1998," Journal of Political Economy, University of Chicago Press, vol. 125(3), pages 798-847.
    3. James G. March, 1991. "Exploration and Exploitation in Organizational Learning," Organization Science, INFORMS, vol. 2(1), pages 71-87, February.
    4. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
    5. Paweł Mazurek, 2023. "A Comprehensive Review of Steel Wire Rope Degradation Mechanisms and Recent Damage Detection Methods," Sustainability, MDPI, vol. 15(6), pages 1-21, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    innovation; R&D (research and development); ambidexterity; exploitation; exploration; intellectual communication; and B2B (business-to-business).;
    All these keywords.

    JEL classification:

    • N65 - Economic History - - Manufacturing and Construction - - - Asia including Middle East
    • N85 - Economic History - - Micro-Business History - - - Asia including Middle East
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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