Innovation and Entrepreneurship in the Global Economy

Innovation and Entrepreneurship in the Global Economy

Knowledge, Technology and Internationalization

New Horizons in Regional Science series

Edited by Charlie Karlsson, Urban Gråsjö and Sofia Wixe

Innovation and entrepreneurship are the prime drivers in the global economy. This scholarly book identifies some of the key forces behind innovation and entrepreneurship at the same time as it closes the gap between science and technology R & D, innovation, entrepreneurship, productivity growth, and internationalization. The expert contributions explore the underlying forces and add substantial theoretical and empirical knowledge to the current state-of-the-art in several research fields including the economics of innovation and entrepreneurship, regional economics, economic geography and international economics.

Chapter 3: Technological advancement through imitation by industry incumbents in strategic alliances

Nerine Mary George, Sergey Anokhin, Vinit Parida and Joakim Wincent

Subjects: business and management, entrepreneurship, economics and finance, economics of entrepreneurship, economics of innovation, regional economics, geography, economic geography, innovation and technology, economics of innovation, urban and regional studies, regional economics


Contrary to conventional wisdom, this study demonstrates that technological laggards and not industry front-runners are most likely to experience high rates of technological advancement in strategic alliances. We further suggest that imitation and not innovation is the primary source of such advancement, based on the fact that technological progress by laggards is most visible in industries that lack strong appropriability regimes. Finally, we present empirical evidence suggesting that lagging established corporations prefer to imitate from startups and not from fellow incumbents. These results are derived from a careful analysis of a longitudinal sample of over 150 incumbents with varying degrees of technological prowess that engage in partnerships with both startups and fellow incumbents across a wide representation of industries. Our chapter contributes to technological innovation, strategic alliance, entrepreneurship and imitation literatures, and provides non-trivial implications for startups.

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