Mutual Adaptation and Technological Innovation

    Research output: Working paperResearch

    3 Downloads (Pure)

    Abstract

    In evolutionary economics the firm is the sole locus of economic and technological change, and only little is said about the analytical importance of economic relationships. An emerging theme in the fields of economic sociology, however, is the idea that economic activities are embedded in social context. This paper unpacks the notion of embeddedness as a relational concept linking micro-behavior and macro-outcome and relates this to the ongoing discussions on technological innovation and the evolutionary dynamics of firms and industries. It discusses how firms to different degrees are embedded in economic relationships, and how this influences innovative activity (or economic activities more generally) though processes of mutual adaptation. Empirical examples of differently embedded firms in the Danish road haulage sector is put forth, and it is argued that the degree and type of embeddedness matters for innovative activity.
    Original languageEnglish
    Place of PublicationCopenhagen
    PublisherInstitut for Industriøkonomi og Virksomhedsstrategi, Handelshøjskolen i København
    Number of pages19
    ISBN (Print)8778690307
    Publication statusPublished - Oct 1998
    SeriesWorking Paper / Department of Industrial Economics and Strategy. Copenhagen Business School
    Number1998-11
    ISSN1398-7461

    Keywords

    • Embeddedness
    • Technological innovation
    • Evolutionary economics
    • Economic relationships
    • Learning
    • Knowledge
    • The Danish road haulage sector

    Cite this

    Sornn-Friese, H. (1998). Mutual Adaptation and Technological Innovation. Institut for Industriøkonomi og Virksomhedsstrategi, Handelshøjskolen i København. Working Paper / Department of Industrial Economics and Strategy. Copenhagen Business School, No. 1998-11