Competition-through-innovation: The third industrial stage

Smith, James D (2001): Competition-through-innovation: The third industrial stage. Published in: Essays in Economic and Business History , Vol. XIX, (2001): pp. 265-272.

Abstract

This presentation describes a three-stage historical model developed as a part of a Ph.D. dissertation analyzing competition between U.S. and Japanese companies in electronics-related industries. The model is similar to that described by Piore and Sabel in The Second Industrial Divide, but companies under the third stage do not succeed by reacting quickly to exogenous technological change but by repeatedly leapfrogging their competitors through product and process innovation. This shifts the focus from the mechanical production process to the collaborative innovation process, which requires social systems to support collective learning.

• Item Type: MPRA Paper
• Language: English
• Keywords: Innovation; Schumpeter; electronics; new competition; competition; manufacturing industries; historical model
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O32 - Management of Technological Innovation and R&D; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L22 - Firm Organization and Market Structure

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