Implications for Strategy and Industrial Change
Edited by Ken Green, Marcela Miozzo and Paul Dewick
Ken Green, Marcela Miozzo and Paul Dewick This collection of essays brings together papers that were presented at the sixth biennial conference of Advances in Social and Economic Aspects of Technology (ASEAT) on ‘Knowledge and Economic and Social Change: New Challenges to Innovation Studies’ that was held in Manchester between 7 and 9 April 2003. The contributions have a common theme: the role of knowledge and innovation in ﬁrm strategy and industrial change. Underlying all the papers is an understanding that ﬁrms have distinctive ways of doing things and, moreover, that these ways of doing things have strong elements of continuity. The papers explore the role played by ﬁrms in developing, linking and utilizing knowledge produced in many social institutions to advance their organizational and technological capabilities. Understanding how ﬁrms advance their capabilities is essential to understanding how the economy operates and changes. There is a long tradition of research underlining the importance of diﬀerences in organizational and technological capabilities of ﬁrms and their eﬀect on economic performance. Edith Penrose’s writings are the ﬁrst point of departure to the understanding of how ﬁrms grow in the direction of their capabilities and how these capabilities expand and alter. Penrose (1959) saw the growth of a ﬁrm as based on the possession and development of unique and idiosyncratic resources. The second point of departure is George Richardson (1972) who presents ﬁrms as sets of activities which require knowledge, experience and skill in their performance. Oﬀering a diﬀerent perspective...