BUSINESS INCUBATORS AND SUSTAINABLE INNOVATION
Innovative businesses are often the result of collective action of organisations involved in many-sided market structures, which can be found in and around business incubators or technology centres. Within such frame environments, many group interests beyond those of single producers and their immed...
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| Format: | Article |
| Language: | deu |
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University of Oradea
2011-07-01
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| Series: | Annals of the University of Oradea: Economic Science |
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| Online Access: | http://anale.steconomiceuoradea.ro/volume/2011/n1/103.pdf |
| Summary: | Innovative businesses are often the result of collective action of organisations involved in many-sided market structures, which can be found in and around business incubators or technology centres. Within such frame environments, many group interests beyond those of single producers and their immediate clients exist and interfere. Rather generically, important economic outcomes of innovations are sequences of cost reduction events at the level of economic sectors, where the nature of (sector-wise) technology is influencing the pace of these events. At the conceptual level, we describe the social learning and social innovation process which leads to sustainable innovation by means of the influence exerted by firms on each other within constrained environments such as business incubators. These environments need not to be organized according to any sector logic. We propose that the influence exerted between firms is increasing in firm similarity, in the degree of product complementarity, and also to depend on (mutual) trust relations. We note that, very much in symmetry with the role of sustainability in society as a whole, in the world of firms and markets, the incubation process may be viewed as a moderator, which attempts to overcome the disadvantages of highly paced, short-term oriented capitalist economies. In sections 2 and 3 a concept for representing the societal forces shaping sustainability and incubation for the innovating firm is described and ways of transforming the concept into concrete tools of assessment and valuation are pointed at. |
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| ISSN: | 1222-569X 1582-5450 |