Learning and Schumpeterian Dynamics

Daniel Levinthal

Chapter 1 in Organization and Strategy in the Evolution of the Enterprise, 1996, pp 27-41 from Palgrave Macmillan

Abstract: Abstract The term ‘learning’ evokes an image of continual renewal, the acquisition of new knowledge. The expression ‘Schumpeterian dynamics’ conveys a different image. An image composed on the one hand of staid, established organizations failing to recognize new opportunities in their environment and new organizations established to exploit these same opportunities. While learning is a powerful instrument of organizational intelligence, it is also associated with some of the difficulties of established firms responding to changing competitive environments. This pathology stems from some basic properties of learning mechanisms.

Keywords: Absorptive Capacity; Epistatic Interaction; Fitness Landscape; Aspiration Level; Multiple Basis (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-1-349-13389-5_2

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