IDEAS home Printed from https://ideas.repec.org/p/sol/wpaper/2013-177171.html
   My bibliography  Save this paper

The Harsh Reality of Pursuing Innovations: Emerging Market Perspectives

Author

Listed:
  • Quan-Hoang Vuong

Abstract

This short conference paper serves as a distillation of a keynote address delivered at the the Second National Conference on Management and Higher Education Trends & Strategies for Management & Administration hosted by Bangkok-based Stamford International University (Thailand) on November 1, 2014.Innovation is discussed as the heart of entrepreneurial processes occurring in today's capitalist economic systems, including transition economies like China and Vietnam, which underscores economic competitiveness of firms and economies. But the innovation effort and process also face dilemma of "entrepreneurial curse of innovation". Advantages and disadvantages are weighed for a more balanced view, especially in the context of outnumbering SMEs and given existence of pitfalls and traps along the innovation path of development. Toward the end, the value of the market is once again stressed amid the concern of subjective assumption and illusion about availability of market opportunities in the mind of innovators, which may contrast totally with the dismal outcome the actual market realities may show ex post.

Suggested Citation

  • Quan-Hoang Vuong, 2014. "The Harsh Reality of Pursuing Innovations: Emerging Market Perspectives," Working Papers CEB 14-028, ULB -- Universite Libre de Bruxelles.
  • Handle: RePEc:sol:wpaper:2013/177171
    as

    Download full text from publisher

    File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/177171/1/wp14028.pdf
    File Function: wp14028
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Quan Hoang Vuong & Nancy K. Napier & Tri Dung Tran, 2013. "A categorical data analysis on relationships between culture, creativity and business stage: the case of Vietnam," International Journal of Transitions and Innovation Systems, Inderscience Enterprises Ltd, vol. 3(1), pages 4-24.
    2. G. M.P. Swann, 2009. "The Economics of Innovation," Books, Edward Elgar Publishing, number 13211.
    3. Quan-Hoang Vuong & Tran Tri Dung, 2009. "The Cultural Dimensions of the Vietnamese Private Entrepreneurship," Working Papers CEB 09-027.RS, ULB -- Universite Libre de Bruxelles.
    4. Quan-Hoang Vuong & Nancy K. Napier, 2012. "Resource Curse or Destructive Creation: A Tale of Crony Capitalism in Transition," Working Papers CEB 12-037, ULB -- Universite Libre de Bruxelles.
    5. Quan-Hoang Vuong, 2014. "Vietnam’s political economy: a discussion on the 1986-2016 period," Working Papers CEB 14-010, ULB -- Universite Libre de Bruxelles.
    6. Napier, Nancy K. & Vuong, Quan-Hoang, 2013. "Serendipity as a Strategic Advantage?," OSF Preprints es3rv, Center for Open Science.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. , Aisdl, 2014. "Partner Perspectives—The Harsh Reality of Pursuing Innovations," OSF Preprints 3uatj, Center for Open Science.
    2. , Aisdl, 2013. "Partner Perspectives—Innovation as Determining Factor of Post-M&A Performance: The Case of Vietnam," OSF Preprints yn2ra, Center for Open Science.
    3. Vuong, Quan-Hoang, 2017. "The Vietnamese financial economy: reforms and development, 1986-2016," OSF Preprints g7e6t, Center for Open Science.
    4. Quan-Hoang Vuong & Nancy K. Napier & Donaldine E. Samson & Hong Kong Nguyen, 2013. "Empirical Evidence on Relationships between Ex Ante Innovation Pursuit and Post-M&A Performance in the Vietnamese M&A Industry, 2005-2012," Working Papers CEB 13-009, ULB -- Universite Libre de Bruxelles.
    5. Nguyen, Hong-Kong T. & Ho, Manh-Toan, 2018. ""Không tìm mà thấy" trong hoạt động khởi nghiệp," OSF Preprints c8mwp, Center for Open Science.
    6. Quan-Hoang Vuong & Nancy K. Napier, 2012. "Resource Curse or Destructive Creation: A Tale of Crony Capitalism in Transition," Working Papers CEB 12-037, ULB -- Universite Libre de Bruxelles.
    7. Quan-Hoang Vuong & Nancy K. Napier & Thu Hang Do & Thu Trang Vuong, 2015. "Creativity and entrepreneurial efforts in an emerging economy," Working Papers CEB 15-052, ULB -- Universite Libre de Bruxelles.
    8. Quan-Hoang Vuong & Nancy K. Napier, 2013. "Acculturation and Global Mindsponge," Working Papers CEB 13-053, ULB -- Universite Libre de Bruxelles.
    9. Vuong, Quan-Hoang, 2015. "A Compensation Game: MNC vs. SME," OSF Preprints vkpm8, Center for Open Science.
    10. Vuong, Quan-Hoang, 2018. "From Economic Complexities to Computational Entrepreneurship," OSF Preprints kqbmg, Center for Open Science.
    11. Quan-Hoang Vuong & Nancy K. Napier, 2012. "Coffee Filters and Creativity: The Value of Multiple Filters in the Creative Process," Working Papers CEB 12-036, ULB -- Universite Libre de Bruxelles.
    12. Ho, Manh-Toan, 2021. "Timeless Data," OSF Preprints gm98w, Center for Open Science.
    13. Vuong, Quan-Hoang, 2018. "The Rise of Computational Entrepreneurship," OSF Preprints wq52p, Center for Open Science.
    14. Quan-Hoang Vuong & Nancy K. Napier & Tran Tri Dung, 2013. "Rent-seekers' lost El Dorado: Vietnam's financial turmoil, 2007-2013," Working Papers CEB 13-020, ULB -- Universite Libre de Bruxelles.
    15. , Aisdl, 2020. "Current Situation of Corruption Offenses and Measures for Improvement of Anti-Corruption Effectiveness in Vietnam’s Economy," OSF Preprints h5ge6, Center for Open Science.
    16. Hong Kong Nguyen-To & Quan-Hoang Vuong & Manh Tung Ho & Thu Trang Vuong, 2018. "The “same bed, different dreams” of Vietnam and China: how (mis)trust could make or break it," Working Papers CEB 18-021, ULB -- Universite Libre de Bruxelles.
    17. Quan-Hoang Vuong, 2016. "Impacts of geographical locations and sociocultural traits on the Vietnamese entrepreneurship," Working Papers CEB 16-012, ULB -- Universite Libre de Bruxelles.
    18. Vuong, Quan-Hoang, 2018. "Sự trỗi dậy của Computational Entrepreneurship," OSF Preprints 6n9wb, Center for Open Science.
    19. Quan-Hoang Vuong, 2018. "The Internet and the grassroots foundation of civil society in Indochina," Working Papers CEB 18-027, ULB -- Universite Libre de Bruxelles.
    20. Quang-Hoi Vu & Thu Trang Vuong & Quan-Hoang Vuong, 2016. "Relationship between past experience, social network participation and creative capacity: Vietnamese entrepreneurship survey," Working Papers CEB 16-032, ULB -- Universite Libre de Bruxelles.

    More about this item

    Keywords

    innovation; emerging markets; capitalist economic system; entrepreneurial process;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • P17 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Performance and Prospects
    • P23 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Factor and Product Markets; Industry Studies; Population

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sol:wpaper:2013/177171. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Benoit Pauwels (email available below). General contact details of provider: https://edirc.repec.org/data/cebulbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.