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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

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    1. Mokyr, Joel, 1992. "The Lever of Riches: Technological Creativity and Economic Progress," OUP Catalogue, Oxford University Press, number 9780195074772.
    2. 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.
    3. 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.
    4. James G. March, 1991. "Exploration and Exploitation in Organizational Learning," Organization Science, INFORMS, vol. 2(1), pages 71-87, February.
    5. 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.
    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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