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Schumpeter, Neo-Schumpeterianism, and Stra.Tech.Man Evolution of the Firm

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  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

Abstract

The Schumpeterian way of thinking for the analysis of innovation, as an evolutionary socioeconomic phenomenon, seems to be still of particular usefulness while the fundamental contribution by Nelson and Winter with the “evolutionary theory of economic change” is nowadays one of the most widely cited references in the contexts of “neo-Schumpeterianism.” In a similar evolutionary concern, Vlados (2004) also examines the “dynamics of the triangle of strategy, technology, and management” (Stra.Tech.Man synthesis). The aim of this article is, in particular, to find out to what extent the Stra.Tech.Man approach utilizes and enriches some of the fundamental neo-Schumpeterian contributions by focusing mostly on the evolutionary theory of the firm, the use of evolutionary biology on analyzing socioeconomic phenomena, and the interpretation of structural change into the context of global dynamics. To achieve this goal, we first distinguish some of the criteria/filters that allow for evaluating whether a research contribution can be of neo-Schumpeterian direction. These criteria also help to identify generic concepts of recent neo-Schumpeterian trends in order to formulate a new analytical background based on the Stra.Tech.Man approach.

Suggested Citation

  • Chatzinikolaou, Dimos & Vlados, Charis, 2019. "Schumpeter, Neo-Schumpeterianism, and Stra.Tech.Man Evolution of the Firm," DUTH Research Papers in Economics 32-2019, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2019_032
    Note: Issues in Economics and Business (International Economics and Business), Vol. 5, No. 2, pp. 80-102
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    References listed on IDEAS

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    1. Vlados, Charis & Chatzinikolaou, Dimos, 2019. "Crisis and Entrepreneurship in Greece: Present, Past and Evolving Trends," DUTH Research Papers in Economics 8-2019, Democritus University of Thrace, Department of Economics.
    2. Cristina Steliana Ciote, 2011. "From Schumpeter To Neo-Schumpeterianism," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 3(3 (Novemb), pages 418-424.
    3. Heinrich, Torsten, 2016. "The Narrow and the Broad Approach to Evolutionary Modeling in Economics," MPRA Paper 75797, University Library of Munich, Germany.
    4. Charis Vlados & Dimos Chatzinikolaou, 2019. "Business ecosystems policy in Stra.Tech.Man terms: The case of the Eastern Macedonia and Thrace region," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 15(3), pages 163-197.
    5. Torsten Heinrich, 2017. "The Narrow and Broad Approaches to Evolutionary Modeling in Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 51(2), pages 383-391, April.
    6. Derya Güler Aydin & Bahar Araz Takay, 2012. "The Role Of Competition In The Techno-Economic Paradigm On The Market," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 57(193), pages 137-150, April- Ju.
    7. Edward J. Malecki & Ben Spigel, 2017. "Innovation and entrepreneurship," Chapters, in: Harald Bathelt & Patrick Cohendet & Sebastian Henn & Laurent Simon (ed.), The Elgar Companion to Innovation and Knowledge Creation, chapter 38, pages 625-637, Edward Elgar Publishing.
    8. Vlados, Charis, 2019. "On a Correlative and Evolutionary SWOT Analysis," DUTH Research Papers in Economics 4-2019, Democritus University of Thrace, Department of Economics.
    9. J. Stanley Metcalfe, 2010. "Complexity and emergence in economics: the road from Smith to Hayek (via Marshall and Schumpeter)," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 18(2), pages 45-76.
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    Cited by:

    1. Charis Vlados & Dimos Chatzinikolaou, 2020. "Stra.Tech.Man innovation, HRM and Perception of Educational Needs in Underdeveloped Business Ecosystems: The Case of Retail Sector Firms in Eastern Macedonia and Thrace," International Journal of Human Resource Studies, Macrothink Institute, vol. 10(2), pages 330354-3303, December.

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    More about this item

    Keywords

    Schumpeter; Neo-Schumpeterianism; Evolutionary Economics; Evolutionary firm theory; Stra.Tech.Man approach; Global dynamics;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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