Knowledge and Competitive Advantage: The Coevolution of Firms, Technology, and National Institutions / Edition 1

Knowledge and Competitive Advantage: The Coevolution of Firms, Technology, and National Institutions / Edition 1

by Johann Peter Murmann
ISBN-10:
0521813298
ISBN-13:
9780521813297
Pub. Date:
11/10/2003
Publisher:
Cambridge University Press
ISBN-10:
0521813298
ISBN-13:
9780521813297
Pub. Date:
11/10/2003
Publisher:
Cambridge University Press
Knowledge and Competitive Advantage: The Coevolution of Firms, Technology, and National Institutions / Edition 1

Knowledge and Competitive Advantage: The Coevolution of Firms, Technology, and National Institutions / Edition 1

by Johann Peter Murmann

Hardcover

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Overview

Entrepreneurs, managers, and policy makers must make decisions about a future that is inherently uncertain. Since the only rational guide for the future is the past, analysis of previous episodes in industrial development can shape informed decisions about what the future will hold. Historical scholarship that seeks to uncover systematically the causal processes transforming industries is thus of vital importance to the executives and managers shaping business policy today. With this in mind, Johann Peter Murmann compares the development of the synthetic dye industry in Great Britain, Germany, and the United States through the lenses of evolutionary theory. The rise of this industry constitutes an important chapter in business, economic, and technological history because synthetic dyes, invented in 1856, were the first scientific discovery quickly to give rise to a new industry. Just as with contemporary high tech industries, the synthetic dye business faced considerable uncertainty that led to many surprises for the agents involved. After the discovery of synthetic dyes, British firms led the industry for the first eight years, but German firms came to dominate the industry for decades; American firms, in contrast, played only a minor role in this important development. Murmann identifies differences in educational institutions and patent laws as the key reasons for German leadership in the industry. Successful firms developed strong ties to the centers of organic chemistry knowledge. As Murmann demonstrates, a complex coevolutionary process linking firms, technology, and national institutions resulted in very different degrees of industrial success among the dye firms in the three countries.

Product Details

ISBN-13: 9780521813297
Publisher: Cambridge University Press
Publication date: 11/10/2003
Series: Cambridge Studies in the Emergence of Global Enterprise
Edition description: New Edition
Pages: 318
Product dimensions: 6.30(w) x 9.25(h) x 1.02(d)

About the Author

Johann Peter Murmann is Assistant Professor of Management and Organizations at the Kellogg School of Management, Northwestern University. He is on the editorial board of the Journal of International Business Studies and is the editor of Evolutionary Theories in the Social Sciences.

Table of Contents

1. Introduction; 2. Country-level performance differences and their institutional foundations; 3. Three times two case studies of individual firms; 4. The coevolution of national industries and institutions; 5. Toward an institutional theory of competitive advantage; Appendices; Bibliography.
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