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Knowledge based firms from Central and East European countries: A comparative overview of case studies

Author

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  • Richard Woodward
  • Deniz E. Yörük
  • Slavo Radosevic

Abstract

This paper focuses on knowledge-based entrepreneurship, or new firm creation in industries which are considered to be science-based or to use research and development intensively, in the East Central European (ECE) context. On the basis of case studies of thirteen knowledge-based firms in six ECE countries, we suggest that KBE firms in these countries may differ in some important ways from the conventional picture of new technology based firms. In general, we see the ECE knowledge-intensive firm as a knowledge-localiser or customiser, adapting global knowledge to local needs on the domestic market, rather than a knowledge-creator generating new solutions for global markets. The entrepreneurs who start and run these businesses are skilled at spotting trends early and bringing them to their countries. Based in countries that generally have poor reputations as sources of innovative, high-technology products, but having established strong brands for themselves in their home markets, they are struggling with the challenge of entering export markets with products and services that can achieve global, or at least regional, recognition. The studies of the companies discussed here suggest that ECE firms are still in the early stages of this strategic shift.

Suggested Citation

  • Richard Woodward & Deniz E. Yörük & Slavo Radosevic, 2011. "Knowledge based firms from Central and East European countries: A comparative overview of case studies," CASE Network Studies and Analyses 428, CASE-Center for Social and Economic Research.
  • Handle: RePEc:sec:cnstan:0428
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    File URL: http://www.case-research.eu/upload/publikacja_plik/34650743_CNSA_2011_428.pdf
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    References listed on IDEAS

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    1. Patryk Koc & Wojciech Pander & Richard Woodward & Deniz Eylem Yoruk, 2010. "Knowledge-based entreprenuership in Poland," CASE Network Studies and Analyses 408, CASE-Center for Social and Economic Research.
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    Cited by:

    1. Richard Woodward & Elzbieta Wojnicka & Wojciech Pander, 2012. "Knowledge-Intensive Entrepreneurship and Opportunities in Two Polish Industries," CASE Network Studies and Analyses 440, CASE-Center for Social and Economic Research.

    More about this item

    Keywords

    Knowledge-based economy; Entrepreneurship; Transition; Post-communist; SMEs; Case studies; Croatia; Czech Republic; Hungary; Lithuania; Poland; Romania;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects

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