Innovation and the Creative Process

Innovation and the Creative Process

Towards Innovation with Care

New Horizons in the Economics of Innovation series

Edited by Lars Fuglsang

This book explores new frameworks and methods of understanding and analysing innovation. These are set against a backdrop of ‘innovation with care’, which is seen as a phenomenon that takes place among many actors with different perspectives, ideas and cultures that must be carefully woven together in order to achieve the benefits of innovation.

Chapter 10: The Role of a Network Organization and Internet-based Technologies in Clusters: The Case of Medicon Valley

Ada Scupola and Charles Steinfield

Subjects: business and management, knowledge management, organisational innovation, innovation and technology, knowledge management, organisational innovation

Extract

Ada Scupola and Charles Steinfield Over the last 20 years there has been much interest in the concept of industrial localization, the tendency for many industries to concentrate specialized activities in particular locations, as a source of innovation and competitive advantage (for example Porter, 1998; Becattini, 1990). A competing view, on the other hand, is offered by researchers who claim that the advent of globalization and ICTs would pose a challenge to local economies (Cairncross, 1997). This chapter addresses these competing notions by investigating the role of a network organization, Medicon Valley Academy, in supporting the development of a Danish biotech cluster, Medicon Valley. Rather than viewing globalization and localization as competing perspectives, the chapter shows the important role that Internet-based technologies have both in supporting coordination and collaboration inside industrial clusters, and in contributing to the globalization of the economy by connecting companies and clusters of companies across different regions of the world. INTRODUCTION Innovation and technological change has been an important factor for economic development. In knowledge-based economies innovations are often the output of interactions and collaboration between various actors rather then being the result of a single firm or a single individual (Malmberg and Power, 2006). In the last two decades there has been much interest in the concept of industrial localization, the tendency for many industries to concentrate specialized activities in particular locations as a source of innovation and competitive advantage (for example Becattini, 1990; Porter, 1998; OECD, 2002). Some researchers (for example...

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