Technological Innovation and Firm Inertia

Paul Schoemaker and M. Laurentius Marais

Chapter 7 in Organization and Strategy in the Evolution of the Enterprise, 1996, pp 179-205 from Palgrave Macmillan

Abstract: Abstract More than ever, the long-term success of manufacturing as well as service firms hinges on effective response to technological change. Globalization, combined with a quicker pace of innovation, make timely technological adaptation a business imperative. Decisions about technological innovation occur at several levels within the firm. The highest level is that of strategic planning, notably investment in perceived ‘strategic assets’ (see Amit and Schoemaker, 1992). In addition, numerous tactical decisions can impact the firm’s technological base and advantage. Furthermore, successful innovation requires broad organizational learning, be it at the strategic level, in capital budgeting or when implementing new technology.

Keywords: Cash Flow; Technological Innovation; Capital Asset Price Model; Established Firm; Capital Budget (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13389-5_8

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DOI: 10.1007/978-1-349-13389-5_8

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