Knowledge-Driven Entrepreneurship

by Andersson, Thomas; Curley, Martin G.; Formica, Piero

• ISBN13: 9781441911872
• ISBN10: 1441911871
• Format: Hardcover
• Copyright: 2009-11-03
• Publisher: Springer Verlag

Summary

The current economic era, characterized by the rapid and global dissemination of information and capital, has been called the "knowledge age," the "entrepreneurial society," and the "intangibles economy," among other labels. Technological and productivity improvements continue to shift the emphasis from the mastery of physical assets (e.g., natural resources, factories) and physical tools (e.g., machines) to that of intangible assets (e.g., education, R&D projects, brands, patents) and socio-cultural tools (e.g., communities of knowledge practice) as the key to a community’s economic prosperity. The purpose of this book is to build a bridge between knowledge and entrepreneurship, which have traditionally been separated by the walls of academic disciplines. Building on the pioneering work of Peter Drucker and William Baumol, the authors explore the intricate relationships among knowledge generation, innovation, new business creation, and the institutions that support them. Demonstrating direct links between the flow and application of knowledge, innovations in products and processes, the development of new enterprises, and generation of economic wealth, the authors strongly argue that these assets must be protected and sustained through national and regional institutions that encourage creativity and experimentation. Employing illustrative examples from around the world, the authors focus on the crucial role of societies to educate and support entrepreneurs and establish the right environment for new business development and rapid conversion of ideas into enterprises that contribute to economic growth and prosperity.

Table of Contents

Series Foreword	p. v
Preface	p. ix
Introduction	p. xvii
Knowledge
Scenario Setting	p. 3
Enabling the Knowledge Economy	p. 15
The Value of the Network	p. 16
Future Internet: The Platform for Knowledge-Driven Entrepreneurship	p. 17
Notes	p. 18
Foundation Laws of Knowledge Dynamics	p. 19
Knowledge is a Multiplier Asset to be Managed and Leveraged	p. 19
Innovation is the Process that Converts Knowledge into Action	p. 21
Value Creation-Through Knowledge Innovation-as a Collaborative, Open Process	p. 22
Notes	p. 27
The Knowledge Value Chain	p. 29
Knowledge Creation	p. 30
Communities of Knowledge Practice	p. 32
Cross-Boundaries and Cross-Rival Communities of Knowledge Practice: Their Evolution into Superior Forms	p. 37
Organisational Khowledge Creation	p. 39
Knowledge Transfer	p. 40
Knowledge Transfer: Interaction Between Academia and Industry	p. 43
Impediments to Knowledge Transfer	p. 45
Routes to Knowledge Transfer	p. 46
Knowledge Integration Process	p. 46
Knowledge Collaboration	p. 47
Traineeships/Internships	p. 47
Continuing Professional Development	p. 48
Collaborative Research	p. 48
Knowledge Communication	p. 48
Knowledge Commercialisation	p. 49
Incubation of Research-Based Start-Ups	p. 49
Notes	p. 51
Industry and Knowledge Clusters	p. 53
Industry Clusters	p. 58
Industry Clusters in the Web Age	p. 62
From Physical to Conceptual Marketspaces	p. 63
Knowledge Clusters	p. 65
The Knowledge Management Cluster“	p. 66
Notes	p. 69
Embracing Business Ecosystems to Enable Sustainable and Accelerated Innovation	p. 71
Quickly Developing a Product Is Only Part of the Journey	p. 72
Business Ecosystem Velocity	p. 73
Pacing the Product Ecosystem	p. 74
Designing an Effective Ecosystem	p. 75
When Speed Kills	p. 77
Information Technology(IT): A Critical Factor	p. 78
Corporate Management of Knowledge	p. 79
The Role of Chief Knowledge Officer	p. 79
The CKO as a Seeker Rather than a Knower	p. 82
The CKO Designs Conceptual Maps to Discern Creativity in the Corporate Environment	p. 83
"Sparring" Is a Key Method of Knowledge Disclosure and Discovery	p. 83
The CKO as a Cross-Pollinator for New Initiative Processes	p. 84
From Subjective Behaviors to Quantifiable Results	p. 84
Monetary and Subjective Measures	p. 85
Cost-, Market-, and Income-Based Approaches to Evaluation	p. 86
The CKO Operates in a World of Plausibility	p. 86
Knowledge-Relevant Economic Policy: Analyzing Knowledge Policymaking in Managed and Free-Market Economies	p. 87
Corporatism Takes Centre Stage	p. 90
Springboards for Corporatist Policymaking	p. 93
Knowledge Policy in the Public Interest: Plenty of Room for Policymakers?	p. 95
Corporatist Policy vs. Growth-Promoting Reforms	p. 97
Subsidy-Based Negotiated Corporatism vs. Open-Ended Market Guidance	p. 98
Top-Down Corporatist Groups vs. Bottom-Up Communities of Free Agents	p. 99
Dissociated Corporatist Consensus vs. Unitary Community Consensus	p. 100
Standardization vs. Creative Ideas	p. 101
Knowledge Stock vs. Knowledge Flow	p. 102
Knowledge Recycling and Diversion vs. Knowledge Creation	p. 104
International Knowledge Policy: Corporatist Partnership vs. Cooperative Partnership	p. 105
A Road Map to the Knowledge Economy	p. 107
Notes	p. 107
Global Advance of the Knowledge Economy	p. 109
Key Features	p. 110
East Asia and the Pacific	p. 111
Eastern Europe and Central Asia	p. 115
Latin America and the Caribbean	p. 116
Middle East and North Africa	p. 118
South Asia	p. 119
Sub-Saharan Africa	p. 120
Notes	p. 122
Entrepreneurship
The Entrepreneurial Revolution	p. 125
Leaders, Entrepreneurs, and Managers	p. 127
Notes	p. 129
Types of Entrepreneurs	p. 131
Entrepreneurial Opportunity and Capacity	p. 132
Entrepreneurship in the Knowledge Domain	p. 133
Creative Entrepreneurship	p. 136
Creative Entrepreneurs: Technology Entrepreneurs, Knowledge Entrepreneurs, Entrepreneurial Scholars, and High-Expectation Entrepreneurs	p. 140
Technology Entrepreneurs or Technopreneurs	p. 140
Knowledge Entrepreneurs	p. 143
The Knowledge Entrepreneurs Network YEAM: Young European Avant-garde Minds	p. 145
Entrepreneurial Scholars	p. 145
High-Expectation Entrepreneurs	p. 146
Preparing the Innovating Entrepreneurs of the Future	p. 149
Entrepreneurial and Corporate Universities	p. 153
Traditional University	p. 153
Entrepreneurial University	p. 154
Corporate University	p. 155
Cultural Roots of the Entrepreneurial University	p. 158
A Worldwide Network	p. 159
What Is the Policy Response?	p. 160
Note	p. 161
Small Business and Entrepreneurial Growth Companies	p. 163
Small Business Ventures	p. 164
Entrepreneurial Growth Companies	p. 165
Native and International Entrepreneurship	p. 169
International Start-Ups	p. 171
Cultural Integration and Cultural Diversity	p. 174
Tapping into a Global Talent Pool: The Student Mobility Dimension of International Entrepreneurship	p. 177
International Entrepreneurship Across Ethnic Boundaries	p. 183
Governance Frameworks	p. 184
Governance Modes 1 and 2	p. 186
Cost Implications of Modes 1 and 2	p. 186
Institutional Steps	p. 186
Policy Implications	p. 187
Notes	p. 189
Laboratory Experiments as a Tool in Empirical Economic Analysis of High-Expectation Entrepreneurship	p. 191
Experiments, Simulations, and Clinical Treatments	p. 192
Experiments	p. 192
Simulations	p. 194
Clinical Treatments	p. 194
Entrepreneurial Experimentation	p. 195
Exposure Modes	p. 195
Experiments in Collaboration: Agent-Based Experiments on the Nature and Perspective of International Start-Ups	p. 196
"Periodic Table" of Experimental Elements	p. 199
	p. 201
	p. 203
	p. 207
	p. 211
	p. 213
	p. 215
	p. 221
	p. 229
	p. 231
	p. 233
References	p. 239
About the Authors	p. 249
Index	p. 253
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