Abstract
Schumpeter (1911) puts innovation in the center of his theory of economic development. In the beginning, he linked innovative success purely to the entrepreneurial success of outstanding individuals in an economy. Thirty years later, Schumpeter (1942) – inspired by the development of US industries – identified a significant change in the organization of R&D processes in specialized R&D laboratories of large firms (routinized innovation). And another forty years later, again a significant change had taken place in the organization of R&D.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2015 Springer Fachmedien Wiesbaden
About this chapter
Cite this chapter
Buchmann, T. (2015). Innovation and Industry Dynamics. In: The Evolution of Innovation Networks. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-10383-5_2
Download citation
DOI: https://doi.org/10.1007/978-3-658-10383-5_2
Published:
Publisher Name: Springer Gabler, Wiesbaden
Print ISBN: 978-3-658-10382-8
Online ISBN: 978-3-658-10383-5
eBook Packages: Business and EconomicsEconomics and Finance (R0)