The ‘Mystery’ of Innovation: Bridging the Economic and Business Thinking and the Stra.Tech.Man Approach

Charis Vlados and Fotios Katimertzopoulos ()
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Fotios Katimertzopoulos: Democritus University of Thrace, Department of Economics, Postal: Department of Economics, University Campus, Komotini, 69100, Greece

No 1-2019, DUTH Research Papers in Economics from Democritus University of Thrace, Department of Economics

Abstract: This study examines the concept of Innovation from two different conceptual and theoretical prisms: the science of economics and the theoretical tradition of entrepreneurship and organizational theory which both offer a remarkable distance in the way in which innovation is perceived. This study supports the notion that, by pointing a theoretical focus based on a co-evolutionary approach, centered on the "evolutionary heart" of the capitalist business, modern economic science and business thinking will gain from bridging the study of the innovative phenomenon with analytical fertility. To achieve this, the physiological structure and organic evolution of Strategy-Technology-Management (Stra.Tech.Man) synthesis of business becomes the center of attention, perceiving ultimately the firm as an active actor and even as a major structural co-creator of the sectors of industries and the socioeconomic systems which is hosted in.

Keywords: Stra.Tech.Man innovation; Innovation economics; Organizational innovation; Strategy innovation; Economic development; Business development (search for similar items in EconPapers)
JEL-codes: B00 O39 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2019-03-04
New Economics Papers: this item is included in nep-cse, nep-hme and nep-knm
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Persistent link: https://EconPapers.repec.org/RePEc:ris:duthrp:2019_001

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