The Evolution Of A New Industry

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The Evolution of a New Industry

Author : Israel Drori,Shmuel Ellis,Zur Shapira
Publisher : Stanford University Press
Page : 206 pages
File Size : 52,6 Mb
Release : 2013-01-09
Category : Business & Economics
ISBN : 9780804783996

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The Evolution of a New Industry by Israel Drori,Shmuel Ellis,Zur Shapira Pdf

The Evolution of a New Industry traces the emergence and growth of the Israeli hi-tech sector to provide a new understanding of industry evolution. In the case of Israel, the authors reveal how the hi-tech sector built an entrepreneurial culture with a capacity to disseminate intergenerational knowledge of how to found new ventures, as well as an intricate network of support for new firms. Following the evolution of this industry from embryonic to mature, Israel Drori, Shmuel Ellis, and Zur Shapira develop a genealogical approach that relies on looking at the sector in the way that one might consider a family tree. The principles of this genealogical analysis enable them to draw attention to the dynamics of industry evolution, while relating the effects of the parent companies' initial conditions to their respective corporate genealogies and imprinting potential. The text suggests that genealogical evolution is a key mechanism for understanding the rate and extent of founding new organizations, comparable to factors such as opportunity structures, capabilities, and geographic clusters.

The Origin and Evolution of New Businesses

Author : Amar V. Bhide
Publisher : Oxford University Press
Page : 433 pages
File Size : 45,7 Mb
Release : 2003-10-16
Category : Business & Economics
ISBN : 9780198030102

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The Origin and Evolution of New Businesses by Amar V. Bhide Pdf

What is this mysterious activity we call entrepreneurship? Does success require special traits and skills or just luck? Can large companies follow their example? What role does venture capital play? In a field dominated by anecdote and folklore, this landmark study integrates more than ten years of intensive research and modern theories of business and economics. The result is a comprehensive framework for understanding entrepreneurship that provides new and penetrating insights. Examining hundreds of successful ventures, the author finds that the typical business has humble, improvised origins. Well-planned start-ups, backed by substantial venture capital, are exceptional. Entrepreneurs like Bill Gates and Sam Walton initially pursue small, uncertain opportunities, without much capital, market research, or breakthrough technologies. Coping with ambiguity and surprises, face-to-face selling, and making do with second-tier employees is more important than foresight, deal-making, or recruiting top-notch teams. Transforming improvised start-ups into noteworthy enterprises requires a radical shift, from "opportunistic adaptation" in niche markets to the pursuit of ambitious strategies. This requires traits such as ambition and risk-taking that are initially unimportant. Mature corporations have to pursue entrepreneurial activity in a much more disciplined way. Companies like Intel and Merck focus their resources on large-scale initiatives that scrappy entrepreneurs cannot undertake. Their success requires carefully chosen bets, meticulous planning, and the smooth coordination of many employees rather than the talents of a driven few. This clearly and concisely written book is essential for anyone who wants to start a business, for the entrepreneur or executive who wants to grow a company, and for the scholar who wants to understand this crucial economic activity.

Innovation and Industry Evolution

Author : David B. Audretsch
Publisher : MIT Press
Page : 236 pages
File Size : 46,5 Mb
Release : 1995
Category : Business & Economics
ISBN : 0262011468

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Innovation and Industry Evolution by David B. Audretsch Pdf

It once took two decades to replace one-third of the Fortune 500; now a subset of new firms are challenging and displacing this elite group at a breathtaking rate, while armies of startups come and go within just a few years. Most new jobs are, in fact, coming from small firms, reversing the trend of a century. David Audretsch takes a close look at the U.S. economy in motion, providing a detailed and systematic investigation of the dynamic process by which industries and firms enter into markets, either grow and survive, or disappear. He shapes a clear understanding of the role that small, entrepreneurial firms play in this evolutionary process and in the asymmetric size distribution of firms in the typical industry.Audretsch introduces the large longitudinal database maintained by the U.S. Small Business Administration that is used to identify the startup of new firms and track their performance over time. He then provides different snapshots of the process of industries in motion: why new-firm startup activity varies so greatly across industries; what happens to these firms after they enter the market; the extent to which entrepreneurial firms account for an industry's economic activity and why that measure varies across industries; how small firms compensate for size-related disadvantages; and who exits and why.Audretsch concludes that the structure of industries is characterized by a high degree of fluidity and turbulence, even as the patterns of evolution vary considerably from industry to industry. The dynamic process by which firms and industries evolve over time is shaped by three fundamental factors: technology, scale economies, and demand. Most important, the evidence suggests that it is the differences in the knowledge conditions and technology underlying each specific industry -- key elements in innovation -- that are responsible for the pattern particular to that industry.

The Evolution of New Markets

Author : Paul Geroski
Publisher : Oxford University Press on Demand
Page : 234 pages
File Size : 45,6 Mb
Release : 2003-04-17
Category : Business & Economics
ISBN : 9780199248896

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The Evolution of New Markets by Paul Geroski Pdf

How do markets evolve? Why are some innovations picked up straightaway whilst others take years to be commercialized? Are there first-mover advantages? Why do we behave with 'irrational exuberance' in the early evolution of markets as was the case with the dot.com boom?Paul Geroski is a leading economist who has taught economics to business school students, managers, and executives at the London Business School. In this book he explains in a refreshingly clear style how markets develop. In particular he stresses how the early evolution of markets can significantly shape their later development and structure. His purpose is to show how a good grasp of economics can improve managers' business and investment decisions. Whilst using the development of theInternet as a case in point, Geroski also refers to other sectors and products, for example cars, television, mobile phones, and personal computers.This short book is an ideal introduction for managers, MBA students, and the general reader wanting to understand how markets evolve.

Innovation and the Evolution of Industries

Author : Franco Malerba,Richard R. Nelson,Luigi Orsenigo,Sidney G. Winter
Publisher : Cambridge University Press
Page : 293 pages
File Size : 45,7 Mb
Release : 2016-08-11
Category : Business & Economics
ISBN : 9781107051706

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Innovation and the Evolution of Industries by Franco Malerba,Richard R. Nelson,Luigi Orsenigo,Sidney G. Winter Pdf

A new approach to the analysis of technological process, emphasising the tailoring of formal modelling to historical context.

Firm Size, Innovation, and Market Structure

Author : Mariana Mazzucato
Publisher : Edward Elgar Publishing
Page : 168 pages
File Size : 50,9 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 1781952817

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Firm Size, Innovation, and Market Structure by Mariana Mazzucato Pdf

The book begins by reviewing the connection between firm size, innovation and market structure from a theoretical and an empirical point of view, with emphasis on the 'complexity' that defines this relationship. It then goes on to build an evolutionary model which explores different Schumpeterian propositions regarding the positive and negative feedback between firm size and innovation as well as the role of idiosyncratic random events on industry market structure. The concluding chapter uses 100 years in the history of the US automobile industry to explore the relationship between market share instability and stock price volatility and the degree to which this relationship is connected to industry specific factors. This innovative new book will prove invaluable to researchers, lecturers and scholars of industrial organisation, technology and market structure.

The Evolution of Competition Law in New Zealand

Author : Rex Ahdar
Publisher : Oxford University Press
Page : 336 pages
File Size : 46,8 Mb
Release : 2020-08-21
Category : Law
ISBN : 9780192597700

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The Evolution of Competition Law in New Zealand by Rex Ahdar Pdf

The modern era of competition law in New Zealand began with the Commerce Act 1986. Since then, a steady and impressive corpus of case law had traversed all the usual major areas of antitrust law: cartels, resale price maintenance, exclusive dealing, tying, group boycotts, monopolization, mergers and acquisitions, exempted sectors, and the role of economic evidence. This volume explains the rationale for the various major reforms, the ongoing contestation between the Harvard and Chicago Schools of antitrust, and traces the developments of key concepts over the last 34 years. This title also explores systemic issues such as how well has New Zealand moulded its own competition law whilst nonetheless selectively drawing upon the policies, case law, and wisdom of foreign jurisdictions; how effectively has it faced the challenge of adapting its fledgling competition law to the reality of being a small, deregulated, open, and distant economy; and how successful was the application of competition law to utilities in the experimental era of 'light handed regulation'. Written by a New Zealand competition expert, this detailed, original, and comprehensive chronicle of New Zealand's competition law and policy draws together the common threads that mark the modern era and offers some predictions about how the next decades of New Zealand competition law might unfold.

How Industries Evolve

Author : Anita Marie McGahan
Publisher : Harvard Business Press
Page : 245 pages
File Size : 44,6 Mb
Release : 2004
Category : Business & Economics
ISBN : 1578518407

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How Industries Evolve by Anita Marie McGahan Pdf

An Insightful Model for Understanding Industry Change From Xerox to K-Mart to Sotheby's, great companies have failed to translate extraordinary innovation into better profitability. Why does this happen? Anita M. McGahan argues that great companies fail to profit from investments in innovation when they break their industries' rules for how change can take hold. In this book, she shows how to develop a strategy that is aligned with the rules of industry change. By understanding and operating within the rules, executives can better appreciate the tradeoffs that are unique to each company's evolutionary path-and consequently improve performance by making smarter, more profitable strategic bets. How Industries Evolve is based on extensive statistical studies of 700 global industries and more than twenty-five case studies. McGahan identifies four models of industry evolution-progressive, creative, radical, and intermediating-and shows how a company can diagnose which model most closely describes the trajectory of change in its industry. The book then explains how company strategists can use their understanding of this model to carefully coordinate choices about R D, alliances, internal venturing, leadership style, compensation, modularization, and time-to-market. By supporting executives' efforts to recognize and respond to shifts in industry structure, this book will ultimately help companies to achieve and sustain superior performance.

The Evolution of Global Paper Industry 1800¬–2050

Author : Juha-Antti Lamberg,Jari Ojala,Mirva Peltoniemi,Timo Särkkä
Publisher : Springer Science & Business Media
Page : 378 pages
File Size : 46,5 Mb
Release : 2012-12-22
Category : Technology & Engineering
ISBN : 9789400754317

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The Evolution of Global Paper Industry 1800¬–2050 by Juha-Antti Lamberg,Jari Ojala,Mirva Peltoniemi,Timo Särkkä Pdf

This book presents an historical analysis of the global paper industry evolution from a comparative perspective. At the centre are 16 producing countries (Finland, Sweden, Norway, the USA, Germany, Canada, Japan, the UK, the Netherlands, Italy, Spain, Portugal, Chile, Brazil, Uruguay and Russia). A comparative study of the paper industry evolution can achieve the following important research objectives. First, we can identify the country specific historical features of paper industry evolution and compare them to the general business trends explicable by existing theoretical knowledge. Second, we can identify and isolate the factors causing both the rise and fall of industrial populations. Third, a shared research agenda can produce an intensive analysis of global industry dynamics. Finally, an extended research period of 250 years can identify what is truly unique in the paper industry evolution and the extent to which it took the same path as other important manufacturing industries.

Determinants in the Evolution of the European Chemical Industry, 1900–1939

Author : Anthony S. Travis,Harm G. Schröter,Ernst Homburg,Peter J.T. Morris
Publisher : Springer Science & Business Media
Page : 393 pages
File Size : 53,8 Mb
Release : 2013-04-17
Category : Science
ISBN : 9789401712330

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Determinants in the Evolution of the European Chemical Industry, 1900–1939 by Anthony S. Travis,Harm G. Schröter,Ernst Homburg,Peter J.T. Morris Pdf

The editors wish to thank the European Science Foundation for its support of the programme on the Evolution of Chemistry in Europe, 1789-1939, as well as for sponsoring the publication of this volume. Through the subdivision of this initiative that deals specifically with chemical industry it has been possible for historians of science, technology, business and economics to share often widely differing viewpoints and develop consensus across disciplinary and cultural boundaries. The contents of this volume are based on the third of three workshops that have considered the emergence of the modern European chemical industry prior to 1939, the first held in Liege (1994), the second in Maastricht (1995), and the third in Strasbourg (1996). All contributors and participants are thanked for their participation in often lively and informative debates. The generous hospitality of the European Science Foundation and its staff in Strasbourg is gratefully acknowledged. Introduction Emerging chemical knowledge and the development of chemical industry, and particularly the interaction between them, offer rich fields of study for the historian. This is reflected in the contents of the three workshops dealing with the emergence of chemical industry held under the aegis of the European Science Foundation's Evolution of Chemistry in Europe, 1789-1939, programme. The first workshop focused mainly on science for industry, 1789- 1850, and the second on the two-way traffic between science and industry, 1850-1914. The third workshop, dealing with the period 1900-1939, covers similar issues, but within different, and wider, contexts.

Industries and Global Competition

Author : Bram Bouwens,Pierre-Yves Donzé,Takafumi Kurosawa
Publisher : Routledge
Page : 218 pages
File Size : 45,8 Mb
Release : 2017-09-18
Category : Business & Economics
ISBN : 9781317190646

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Industries and Global Competition by Bram Bouwens,Pierre-Yves Donzé,Takafumi Kurosawa Pdf

Changes in the dynamics of economic activities since the last decades of the 20th century have yielded major changes in the composition of industries and the division of labor and production across different regions of the world. Despite these shifts in the global economy, some industries have remained competitive even without relocating their operations overseas. Industries and Global Competition examines how and why the specificities of certain industries and firms determined their choice of location and competitiveness. This volume identifies the major drivers of this process and explains why some firms and industries moved to other parts of world while others did not. Relocation was not the sole determinant of the success or failure of firms and industries. Indeed some were able to reinvent themselves at their original location and build new competitive advantages. The path that each industry or firm took varied. This book argues that the specific characteristics of each industry defined the conditions of competitiveness and provide a wide range of cases as illustrations. Aimed at scholars, researchers and acadmeics in the fields of business history, international business and related disciplines Industries and Global Competition exmaines the unique questions; How and why did the specificities of certain industries and firms determine their choice of location and competitiveness? Chapter 11 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.

The Entrepreneurship Dynamic

Author : Claudia Bird Schoonhoven,Elaine Romanelli
Publisher : Stanford University Press
Page : 484 pages
File Size : 47,8 Mb
Release : 2001
Category : Business & Economics
ISBN : 0804737908

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The Entrepreneurship Dynamic by Claudia Bird Schoonhoven,Elaine Romanelli Pdf

New organizations do not emerge full blown from the idiosyncratic minds of individual entrepreneurs. Their ideas for new organizations, their ability to acquire capital and other essential resources, and their likelihood of survival as entrepreneurs derive from the contexts in which they live and work. The Entrepreneurship Dynamic explores the conditions that prompt the founding of large numbers of new organizations or entirely new industries, and the effects on existing industries, economies, and societies.

Adaptive Markets

Author : Andrew W. Lo
Publisher : Princeton University Press
Page : 504 pages
File Size : 40,5 Mb
Release : 2019-05-14
Category : Business & Economics
ISBN : 9780691196800

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Adaptive Markets by Andrew W. Lo Pdf

A new, evolutionary explanation of markets and investor behavior Half of all Americans have money in the stock market, yet economists can’t agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist—the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo’s new paradigm explains how financial evolution shapes behavior and markets at the speed of thought—a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.

The Evolution of the Airline Industry

Author : Steven Morrison,Clifford Winston
Publisher : Brookings Institution Press
Page : 188 pages
File Size : 52,6 Mb
Release : 2010-12-01
Category : Business & Economics
ISBN : 081572120X

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The Evolution of the Airline Industry by Steven Morrison,Clifford Winston Pdf

Since the enactment of the Airline Deregulation Act in 1978, questions that had been at the heart of the ongoing debate about the industry for eighty years gained a new intensity: Is there enough competition among airlines to ensure that passengers do not pay excessive fares? Can an unregulated airline industry be profitable? Is air travel safe? While economic regulation provided a certain stability for both passengers and the industry, deregulation changed everything. A new fare structure emerged; travelers faced a variety of fares and travel restrictions; and the offerings changed frequently. In the last fifteen years, the airline industry's earnings have fluctuated wildly. New carriers entered the industry, but several declared bankruptcy, and Eastern, Pan Am, and Midway were liquidated. As financial pressures mounted, fears have arisen that air safety is being compromised by carriers who cut costs by skimping on maintenance and hiring inexperienced pilots. Deregulation itself became an issue with many critics calling for a return to some form of regulation. In this book, Steven A. Morrison and Clifford Winston assert that all too often public discussion of the issues of airline competition, profitability, and safety take place without a firm understanding of the facts. The policy recommendations that emerge frequently ignore the long-run evolution of the industry and its capacity to solve its own problems. This book provides a comprehensive profile of the industry as it has evolved, both before and since deregulation. The authors identify the problems the industry faces, assess their severity and their underlying causes, and indicate whether government policy can play an effective role in improving performance. They also develop a basis for understanding the industry's evolution and how the industry will eventually adapt to the unregulated economic environment. Morrison and Winston maintain that although the airline industry has not rea

Market Evolution

Author : Arjen van Witteloostuijn
Publisher : Springer Science & Business Media
Page : 354 pages
File Size : 49,6 Mb
Release : 2013-03-09
Category : Business & Economics
ISBN : 9789401584289

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Market Evolution by Arjen van Witteloostuijn Pdf

Market Evolution: Competition and Cooperation is a selection of papers presented at the recent meeting of the European Association of Research in Industrial Economics (EARIE). The volume brings together twenty high-quality papers reflecting frontier research in modern industrial organization. The contributions cover a broad spectrum of increasing theoretical, empirical and policy issues, including analyses of the nature of the firm, product differentiation, research and development, strategic alliances, information sharing in the banking sector, exchange rate pass-through in international competition, labor unionization and product rivalry, buyer-supplier bargaining, multimarket competition and related entry, entry and exit processes, multinational enterprises in the Third World, European integration and the restructuring of Eastern Europe. From a theoretical perspective, many chapters apply game theory to the analysis of firm behaviors and market competition. Moreover, a large number of the studies contain a significant empirical part, mainly by employing econometric techniques, to test the hypotheses derived from modern industrial organization theories. Data from Belgium, Germany, the Netherlands, Portugal, the United Kingdom and the European Union are presented and analyzed.