Knowledge Management Research (지식경영연구)

The Knowledge Management Society of Korea (한국지식경영학회)
권호 표지
DOI QR코드

DOI QR Code

Coevolution of Technology, Organisations and Institutions: A Literature Review Toward an Integrative Perspective on Innovation and Industrial Competitiveness

  • Hyun, Eunjung (School of Business Administration, Hongik University) ;
  • Ko, Young-Hee (Seoul School of Integrated Sciences & Technologies)
  • Received : 2017.06.16
  • Accepted : 2017.11.01
  • Published : 2017.12.31
Download PDF
⟨ Previous Next ⟩

Abstract

Despite a growing literature focusing on technological development as a key driving force behind the economic performance of a firm or a nation's industy, we still fall short of a comprehensive understanding of how each of the elements required of technological developent and innovation fits togther and leads to economic progress and industry change. This paper seeks to fill this gap by bringing together some of key insights from the theory and research on the coevolutionary process of technology, organizations, and industry, and on the role of institutions in this process. By combining a diverse array of research streams, we provide a broad suvey of foundational work on the following two questions: (1) how the creation and diffusion of innovation occurs and gives rise to structural reconfigurations of the industry, (2) how organisations and technology coevolve, and (3) what is the role of institutions in this coevolutionary process? Based on this literature survey, we also offer a synthesis that can serve as a ground that allows a more nuanced understanding of the sources, dynamics and impacts of technological development and innovation, and interrelationships among technology, organizations and industry change.

Keywords

References

  1. Abrahamson, E., and Rosenkopf, L. 1993. "Institutional and Competitive Bandwagons," Academy of Management Review (18), pp. 487-517. https://doi.org/10.5465/amr.1993.9309035148
  2. Afuah, A. 1998. Innovation Management: Strategies, Implementation and Profits, Oxford and New York: Oxford Univ. Press.
  3. Amit, P. J., and H. Schoemaker. 1993. "Strategic Assets and Organizational Rent," Strategic Management Journal (14:1), pp. 33-46 https://doi.org/10.1002/smj.4250140105
  4. Amsden, A. 1989. Asia's Next Giant: South Korea and Late Industrialisation, Oxford and New York: Oxford Univ. Press.
  5. Archibugi, D., and J. Michie. 1995. "The Globalisation of Technology: a New Taxonomy," Cambridge Journal of Economics (19:1), pp. 121-140.
  6. Archibugi, D., Howell, J., and J. Michie (eds.). 1999. Innovation System in a Global Economy, Cambridge: Cambridge Univ. Press.
  7. Barney, J. B. 1991. "Firm resources and sustained competitive advantage," Journal of Management (17:1), pp. 99-120. https://doi.org/10.1177/014920639101700108
  8. Batholomew, S. 1997. "National systems of biotechnology innovation: complex interdependence in the global system," Journal of International Business Studies (28:2), pp. 241-265. https://doi.org/10.1057/palgrave.jibs.8490100
  9. Boyer, R., and Hollingsworth, J. R. (eds.). 1997. Comparing Capitalist Economies: The Embeddedness of Institutions, Cambridge: Cambridge Univ. Press.
  10. Cantwell, J. 1992. " The theory of technological competence and its application to international production", in Foreign Investment, Technology and Economic Growth, McFetridge, D. (ed.), Calgary: University of Calgary Press, pp. 33-67.
  11. Capaldo, A., Lavie, D., and Petruzzelli, A. 2017. Knowledge maturity and the scientific value of innovations: the roles of knowledge distance and adoption. Journal of Management (43:2), pp.503-533. https://doi.org/10.1177/0149206314535442
  12. Chandler, A. D. 1990. Scale and scope. Cambridge, MA: Harvard Univ. Press.
  13. Chesbrough, H. W. 1999. "The organizational impact of technological change: a comparative theory of national institutional factors," Industrial and Corporate Change (8:3), pp. 447-485. https://doi.org/10.1093/icc/8.3.447
  14. Chesbrough, H. W., and Teece, D. J. 1996. "When is virtual virtuous? - Organizing for innovations," Harvard Business Review (January/ February), pp. 65-73.
  15. Christensen, C., and Rosenbloom, R. 1995. "Explaining the attacker advantage: Technological paradigms, organizational dynamics, and the value network," Research Policy (24:2), pp. 233-257 https://doi.org/10.1016/0048-7333(93)00764-K
  16. Cockburn, I. M., Henderson, R. M., and Stern, S. 2000. "Untangling the origins of competitive advantage," Strategic Management Journal (21), pp. 1123-1145. https://doi.org/10.1002/1097-0266(200010/11)21:10/11<1123::AID-SMJ130>3.0.CO;2-R
  17. Coriat, B., and G. Dosi. 1998. "Learning how to govern and learning how to solve problems: on the co-evolution of competences, conflicts and organizational routines." in The Dynamic Firm: The Role of Technology, Strategy, Organizations and Regions, Chandler, A.D., Hagstrom, P., and Solvell, O. (eds.), Oxford and New York: Oxford Univ. Press.
  18. Coriat, B., and Weinstein, O. 2002. "Organizations, firms and institutions in the generation of innovation," Research Policy (31:2), pp. 273-290. https://doi.org/10.1016/S0048-7333(01)00141-X
  19. David, P. 1985. "Clio and the economics of QWERTY", American Economic Review: Papers and Proceedings (75), pp. 332-337.
  20. De Prato, G., and Nepelski, D. 2014. Global technological collaboration network: network analysis of international co-inventions. The Journal of Technology Transfer (39:3), pp.358-375. https://doi.org/10.1007/s10961-012-9285-4
  21. DiMaggio, P., and Powell, W. 1991. "The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organisational Fields", in The New Institutionalism in Organisational Analysis, DiMaggio, P. and Powell, W. (eds.), Chicago: University of Chicago Press.
  22. Dosi, G. 1988. "Sources, procedure and microeconomic effects of innovation," Journal of Economic Literature (26), pp. 1120-1171
  23. Dosi, G., and Coriat, B., 1998. "The institutional embeddedness of economic change: an appraisal of the evolutionary and regulationist research programmes", in Institutions and Economic Change: New Perspectives on Markets, Firms and Technology, Nielsen, K. and B. Johnson (eds.), Aldershot: Edward Elgar, pp. 33-55.
  24. Dosi, G., and Winter, S. 2000. Interpreting Economic Change: Evolution, Structures and Games, Laboratory of Economics and Management, Sant'Anna School of Advanced Studies Working Paper.
  25. Dosi, G., Nelson, R. R., and Winter, S. G. (eds.). 1999. The Nature and Dynamics of Organizational Capabilities, Oxford: Oxford Univ. Press.
  26. Dosi, G., Pavitt, K.., and Soete, L., 1990. The Economics of Technical Change and International Trade, New York: New York Univ. Press.
  27. Edquist, C. (ed.). 1997. Systems of Innovation. Technologies, Institutions and Organizations, London and Washington: Pinter.
  28. Eisenhardt, K. M., and Schoonhoven, C. B. 1996. "Resource-based view of strategic alliance formation: strategic and social effects in entrepreneurial firms," Organization Science (7:2), pp. 136-150. https://doi.org/10.1287/orsc.7.2.136
  29. Evenson, R. E., and Singh, L. 1997. "Economic growth, international technologicalspillovers and public policy: theory and empirical evidence from asia". in Economic Growth Center Discussion Paper in Yale University, New Haven, CT, USA, pp. 1-20.
  30. Freeman, C. 1994. "The economics of technical change: a critical survey article," Cambridge Journal of Economics (18:5), pp. 463-514. https://doi.org/10.1093/oxfordjournals.cje.a035286
  31. Freeman, C. 1995. "The national systems of innovation in historical perspective," Cambridge Journal of Economics (19), pp. 5-24.
  32. Gould, S. J. 1992. "Punctuated equilibrium in fact and theory". in The Dynamics of Evolution, A. Somit and S. Peterson, New York: Cornell University Press. pp. 54-84
  33. Granovetter, M. 1995. "Coase revisited: business groups in the modern economy," Industrial and Corporate Change (4), pp. 93-130. https://doi.org/10.1093/icc/4.1.93
  34. Hannan, M. T., and Freeman, J. H. 1984. "Structural inertia and organizational change," American Sociological Review (49), pp. 149-164. https://doi.org/10.2307/2095567
  35. Henderson, R., and Clark, K.. 1990. "Architectural Innovation: The Reconfiguration of Existing Product Technologies and the Failure of Established Firms," Administrative Science Quarterly (35:1), pp. 9-30. https://doi.org/10.2307/2393549
  36. Hensen, G. S., and Wenerfelt, B. 1989. "Determinants of firm performance: the relative importance of economic and organizational factors," Strategic Management Journal (12:3), pp. 167-186. https://doi.org/10.1002/smj.4250120302
  37. Hodgson, G. 1997. "The Ubiquity of Habits and Rules," Cambridge Journal of Economics (27), pp. 663-684.
  38. Hodgson, G. 1998. "The Approach of Institutional Economics," Journal of Economic Literature (36:1), pp. 166-192.
  39. Hollingsworth, J. 1997. "Continuities and changes in social systems of production: the case of Japan, Germany, and United States", In Contemporary Capitalism: The Embeddedness of Institutions, Hollingsworth, J. and R. Boyer (eds.), Cambridge: Cambridge University Press.
  40. Howells, J., and Michie, J. (eds.). 1997. Technology, Innovation and Competitiveness, Aldershot: Edward Elgar.
  41. Hughes, T. P. 1987. "The evolution of large technological systems". in The Social Construction of Technological Systems, Bijker, W., T. Hughes, and T. Pinch (eds.), Cambridge, MA : MIT Press, pp. 51-82.
  42. Jacobson , R. 1990. " What really determines business performance? Unobservable effects - the key to profitability," Management Science (9:1), pp. 74-85.
  43. Jensen, M. C., and Meckling, W. H. 1976. "Theory of the Firm: Managerial Behaviour, Agency Costs, and Ownership Structure", in Organisational Economics, Barney, J. B. and W. C. Ouchi, 1986. San Francisco: Jossey-Bass Publishers.
  44. Kline, S., and Rosenberg, N. 1986. "An overview of innovation", In Landau, R. and N. Rosenberg (eds.), The Positive Sum Strategy, Washington: National Academy Press, pp. 275-305.
  45. Lan, A. 2000. "Tacit knowledge, organisational learning and societal institutions: and integrated framework," Organisational Studies (21:3), pp. 487-513. https://doi.org/10.1177/0170840600213001
  46. Langlois, R., and Robertson, P. L. 1995. Firms Markets and Economic Change: A Dynamic Theory of Business Institutions. London: Routledge and Kegan Paul.
  47. Lazonick W., and O'Sullivan, M. 2000. "Maximizing Shareholder Value: A New Ideology of Corporate Governance," Economy and Society (29:1), pp. 13-35. https://doi.org/10.1080/030851400360541
  48. Lazonick, W. 2002. "Organizational Integration and Innovative Capability in the New Economy", in Working Paper in INSEAD, France.
  49. Lundvall, B. -A. (ed.). 1992. National Systems of Innovation: Towards A Theory of Innovation and Interactive Learning, London: Pinter.
  50. Lundvall, B. -A. 1988. "Innovation as an interactive process: from user - producer interaction to the national system of innovation". in Technical Change and Economic Theory, Dosi, G. et al. (eds.), London: Pinter Publishers, pp. 349-369.
  51. Lundvall, B. -A. 1998. "Why study national systems and national styles of innovation?," Technology Analysis and Strategic Management (10:4), pp. 403-422.
  52. Malerba, F. 2002. "Sectoral systems of innovation and production," Research Policy (31:2), pp. 273-290. https://doi.org/10.1016/S0048-7333(01)00141-X
  53. Malerba, F., and Orsenigo, R. L. 1997. "Technological regimes and sectoral patterns of innovative activities," Industrial and Corporate Change (6:1), pp. 83-117. https://doi.org/10.1093/icc/6.1.83
  54. Malerba, F., Nelson, R., Orsenigo, L., and Winter, S. 1999. "History friendly models of industry evolution: the case of the computer industry," Industrial and Corporate Change (8:1), pp. 3-40. https://doi.org/10.1093/icc/8.1.3
  55. Markides, C. C., and Williamson, P. J. 1996. "Corporate diversification and organizational structure: A resource-based view," Academy of Management Journal (39), pp. 340-367.
  56. Mauri, A. J., and Michaels, M. P. 1998. "Firm and industry effects within strategic management: an empirical examination," Strategic Management Journal (10:5), pp. 399-411. https://doi.org/10.1002/smj.4250100502
  57. McGahan, A. M., and Porter, M. 1998. "How much does industry matter, really?," Strategic Management Journal (18:Summer Special Issue), pp. 15-30.
  58. McKelvey, M. 1991. "How do national systems of innovations differ?: a critical analysis of Porter, Freeman, Lundvall and Nelson". in Rethinking Economics: Markets, Technology and Economic Evolution, Hodgson, G.M., Screpanti, E. (eds.), Aldershot: Edward Elgar, pp. 117-137.
  59. McWilliams, A., and Smart, D. L. 1993. "Efficiency v. structure-conduct-performance: implications for strategy research and practice," Journal of Management (19:1), pp. 63-79. https://doi.org/10.1177/014920639301900105
  60. Metcalfe, J. 2001. "Institution and progress," Industrial and Corporate Change (10:3), pp. 561-585. https://doi.org/10.1093/icc/10.3.561
  61. Michie, J., and Prendergast, R. 1997. "Innovation and competitive advantage", in Technology, Innovation and Competitiveness, Howells, J. and J. Michie (eds.), Aldershot: Edward Elgar.
  62. Mowery, D. C., and Nelson, R. R. (eds.). 1999. Sources of Industrial Leadership: Studies of Seven Industries, Cambridge: Cambridge Univ. Press.
  63. Mulder, P., Hof kes, M., and Groot, H. De. 2001. "Economic growth and technological change: a comparison of insights from a neo-classical and an evolutionary perspective," Technological Forecasting and Social Change (68:2), pp. 151-171. https://doi.org/10.1016/S0040-1625(00)00078-0
  64. Nelson, R. (ed.). 1993. National Innovation Systems: A Comparative Study, Oxford: Oxford University Press.
  65. Nelson, R. 1995. "Recent evolutionary theorizing about economic change," Journal of Economic Literature (33), pp. 48-90.
  66. Nelson, R. R., and Rosenberg, N. 1995. "Technical innovation and national systems". in National Innovation Systems: A Comparative Analysis, Nelson, R. R. (ed.),. New York: Oxford Univ. Press, pp. 3-21.
  67. Nelson, R. R., and Sampat, B. 2001. "Making sense of institutions as a factor shaping economic performance," Journal of Economic Behaviour and Organisation (44), pp.31-54. https://doi.org/10.1016/S0167-2681(00)00152-9
  68. Nelson, R. R., and Winter, S. 1982. An Evolutionary Theory of Economic Change, Cambridge: The Belknap Press of Harvard University Press.
  69. Perez, C., and Soete, L. 1988. "Catching up in technology: entry barriers and windows of opportunity". in Technical Change and Economic Theory, Dosi, G., et al. (eds.), New York: Pinter , pp. 458-479.
  70. Peteraf, M. A. 1993. "The cornerstones of competitive advantage: A resource-based view," Strategic Management Journal (14), pp. 179-191. https://doi.org/10.1002/smj.4250140303
  71. Porter, M. E. 1980. Competitive Strategy, New York: Free Press.
  72. Porter, M. E. 1990. "The competitive advantage of nations," Harvard Business Review, (March-April), pp. 73-91.
  73. Ramanujam, V., and Varadarajan, P. 1989. "Research on corporate diversification: A synthesis," Strategic Management Journal (10), pp. 523-551. https://doi.org/10.1002/smj.4250100603
  74. Reed, R., and DeFillipi, R. J. 1990. "Causal ambiguity, barriers to imitation and sustainable competitive advantage," Academy of Management Review (15), pp.88-102. https://doi.org/10.5465/amr.1990.4308277
  75. Romanelli, E. 1991. "The Evolution of New Organisational Forms," Annual Review of Sociology (17), pp. 79-103. https://doi.org/10.1146/annurev.so.17.080191.000455
  76. Romer, P. M. 1990. "Endogenous technological change," Journal of Political Economy (98:5), pp. 71-102. https://doi.org/10.1086/261725
  77. Rosenberg, N. 1982. Inside the Black Box: Technology and Economics, Cambridge: Cambridge Univ. Press.
  78. Rosenbloom, R. S., and Burgelman, R. A. (eds.). 1995. Research on Technological Innovation, Management and Policy, pp. 195-225, Greenwich, Conn: JAI.
  79. Rosenbloom, R. S., and Cusumano, M. A. 1987. "Technicological Pioneering and Competitive Advantage: The Birth of the VCR Industry," California Management Review (1:4), pp. 51-76.
  80. Rumelt, R. 1991. "How much does industry matter," Strategic Management Journal (19:3), pp. 211-220. https://doi.org/10.1002/(SICI)1097-0266(199803)19:3<211::AID-SMJ947>3.0.CO;2-T
  81. Samuels, W. J. 1995. "The present state of institutional economics," Cambridge Journal of Economics (19), pp. 569-59. https://doi.org/10.1093/oxfordjournals.cje.a035331
  82. Soskice, D. 1999. "Divergent production regimes: Coordinated and uncoordinated market economies in the 1980s and 1990s," in Continuity and Change in Contemporary Capitalism, Kitschelt, H., Lange, P., Marks, G. and J. D. Stephens (eds.), Cambridge: Cambridge University Press.
  83. Teece, D. 1986. "Profiting from technological innovation," Research Policy (15:6), pp. 285-306. https://doi.org/10.1016/0048-7333(86)90027-2
  84. Tushman, M., and Anderson, P. 1986. "Technological discontinuities and organizational environments.," Administrative Science Quarterly (31:3), pp. 439-465. https://doi.org/10.2307/2392832
  85. Vasudeva, G., Spencer, J.W., and Teegen, H.J., 2013. Bringing the institutional context back in: A cross-national comparison of alliance partner selection and knowledge acquisition. Organization Science (24:2), pp.319-338. https://doi.org/10.1287/orsc.1120.0743
  86. Utterback, J. M. 1994. Mastering the Dynamics of Innovation: How Companies Seize Opportunities in the Face of Technological Change, Boston, MA: Harvard Business School Press.
  87. Utterback, J. M. and Abernathy, W. J. 1975. "A dynamic model of process and product innovation," Omega 3, pp. 569-590. https://doi.org/10.1016/0305-0483(75)90030-4
  88. Vernon, R. 1966. "International investment and international trade in the product cycle," Quarterly Journal of Economics (80:2), pp. 190-207. https://doi.org/10.2307/1880689
  89. Wenerfelt, B. 1984. "A resource-based view of the firm," Strategic Management Journal (5:2), pp. 171-180. https://doi.org/10.1002/smj.4250050207
  90. Whitley, R. 1994. "Societies firms and markets: the social structuring of business systems", in European Business Systems, Whitley, R. (ed.), London: Sage.
  91. Williamson, O. E. 1975. Markets and Hierarchies, New York: Free Press.
  92. Williamson, O. E. 1985. Economic Institutions of Capitalism, New York: Free Press.
  93. Yoon, W., and Hyun, E. 2009. "How Useful and Relevant is the Concept of the National Systems of Innovation," Journal of Technology Management and Innovation (4:3), pp. 1-13.
  94. Zahra S.A, and Covin, J. G. 1993. "Business strategy, technology policyand company performance," Strategic Management Journal (14:6), pp. 451-478. https://doi.org/10.1002/smj.4250140605