Innovation in firms

Mark Dodgson

Oxford Review of Economic Policy, 2017, vol. 33, issue 1, 85-100

Abstract: As the firm is the central mechanism for converting innovation into economic action, this paper argues that economists and economic policy-makers need to understand how and why firms innovate. This is challenging because innovation manifests itself in a wide range of forms and results from diverse organizational processes. The paper discusses a number of the practices supporting innovation in firms, including positioning, connecting, protecting, organizing, and measuring. A number of theories explaining innovation in firms are discussed. The paper concludes that the determination of the most effective policy levers for encouraging innovation requires staying abreast of current and emerging innovation practices in firms.

Keywords: innovation; firms; innovation practices; innovation policies (search for similar items in EconPapers)
JEL-codes: O31 O32 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://hdl.handle.net/10.1093/oxrep/grw034 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:33:y:2017:i:1:p:85-100.

Access Statistics for this article

Oxford Review of Economic Policy is currently edited by Christopher Adam

More articles in Oxford Review of Economic Policy from Oxford University Press and Oxford Review of Economic Policy Limited
Bibliographic data for series maintained by Oxford University Press ().