Entrepreneurs, Multinational Enterprises and Policy
Edited by Maureen McKelvey and Sharmistha Bagchi-Sen
Chapter 17: Ramifications for Western firms navigating through innovation spaces in Asia
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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