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Chapter 2: national systems of innovaion and entrepreneurship - Coggle…
Chapter 2: national systems of innovaion and entrepreneurship
How national states can facilitate innovation
the armed forces pioneered the internet, GPS positioning and voice-activated
academic scientists developed the touchscreen and HTML language
an obscure government body even lent Apple $500000
Google's search algorithm was financed by a grant from the National Science Foundation
the state has played a central role
America National institutes of health studies that lead many the most revolution new drugs
Business dimension
Reward system - value-based and team-based
Management structure - flat with multiple informal networks
Commitment to opportunity - quick commitment
Strategic orientation - driven by perception of opportunity
The state is necessary for innovation because
The uncertainty that often hinders the process of innovation
The need for certain kinds of complementary assets
the public nature of knowledge that underins innovation
the need for cooperation and governance, resulting from the nature of certain technologies
Politics
Entrepreneurship is the persuit of opportunity beyond the resources you currently control (Stevenson 1983,1985,1990)
Type factors of economic development result
factors of growth or gradual changes in economic life
the outstanding fact in the economic history of capitalist society innovation
external factors such as demand by government
Entrepreneur are galvanised into action if
Limited access to these possibilities because of personal qualification
An economic situation with allow tolerably reliable calculation
The existence of new possibilities more advantageous from the private standpoint
Innovation policy
Making government investment in innovation more effective
Enhancing diffusion of knowledge and technology
The generation of new knowledge
Establishing the right incentives to stimulate private secor innovation