Chapter 11: Creation and Co-evolution of Strategic Options by Firms: An Entrepreneurial and Managerial Approach of Flexibility and Resource Allocation

Thierry Burger-Helmchen

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Abstract: In the 1970s, the large size of enterprises was one of the symbols of the mass production system's rigidity. The second symbol was state interventionism--blamed for the economic difficulties of the period: growing unemployment and upsurge of inflation. Globalisation is characterised by the predominance of deregulated finance ("big finance") over economic activities. Between free enterprise capitalism and monopoly capitalism stands finance-based capitalism. The financial sphere is mobilised to promote variety and reinforce selection. This book presents in its first part the financial determinants of innovation processes considered in a macro-economic perspective, which are limited by short-term constraints and studies in its second part the linkages existing between the necessity to innovate in order to survive and the constant attention given to financial results.

Keywords: Entrepreneurial; Firm; Firms (search for similar items in EconPapers)
Date: 2008
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Published in Blandine Laperche; Dimitri Uzunidis. Powerful finance and innovation trends in a high-risk economy, Palgrave Macmillan, pp.183-206, 2008, 978-0-230-55359-0

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02189039

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