Table of Contents

Innovation Spaces in Asia

Innovation Spaces in Asia

Entrepreneurs, Multinational Enterprises and Policy

Edited by Maureen McKelvey and Sharmistha Bagchi-Sen

Innovation Spaces in Asia provides insight into how and why Asia is poised to impact global innovation. Asia is undergoing rapid developments in markets, sources of technology and user preferences. A key characteristic of the book is the rich empirical understanding of the dynamic processes, involving the strategic decisions of firms and entrepreneurs with the broader socio-economic environment in terms of institutions, markets, knowledge and innovation systems. Innovation spaces are analyzed within Asian countries and firms, from Asia to the world, and from the world to Asian countries.

Chapter 17: Ramifications for Western firms navigating through innovation spaces in Asia

Maureen McKelvey

Subjects: asian studies, asian business, asian innovation and technology, business and management, asia business, entrepreneurship, international business, organisational innovation, economics and finance, evolutionary economics, geography, economic geography, innovation and technology, asian innovation, organisational innovation

Extract

This chapter proposes a conceptualization and discusses some ramifications of how qualitative and quantitative research strategies could be further developed, to understand what happens, as Western firms navigate through innovation spaces in Asia. This chapter proposes a conceptualization of innovation spaces, which provides a broader framing, of processes involving structural transformation of the economy, driven by entrepreneurs, multinational enterprises and public policy. Sections 17.2 and 17.3 provide a conceptualization and a theoretical background. The underlying theoretical tradition focuses upon how and why actors develop knowledge and opportunities in processes influencing structural transformation. My previous work has stressed that the firms’ innovative searches occur in an environment of co-evolution with market, technologies and institutions (McKelvey 1996; McKelvey 2004; McKelvey and Holmèn 2006; McKelvey 2014a), developing an evolutionary approach pioneered by Nelson and Winter (1982) and following a Schumpeterian paradigm (Schumpeter 1934, 1942).

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