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

Murmann, J. P.

ISBN 10: 0521813298 / ISBN 13: 9780521813297

Published by Cambridge University Press, 2003

About this Item

This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. Clean from markings. In fair condition, suitable as a study copy. Dust jacket in good condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,650grams, ISBN:9780521813297.

Seller Inventory # 8979194

Bibliographic Details

• Title: Knowledge and Competitive Advantage: The Coevolution of Firms, Technology, and National Institutions
• Publisher: Cambridge University Press
• Publication Date: 2003
• Language: English
• ISBN 10: 0521813298
• ISBN 13: 9780521813297
• Binding: Hardcover
• Condition: Fair
• Dust Jacket Condition: Dust Jacket Included
• Weight: 650 grams
• Seller catalogs:
  • Business

About this title

Synopsis

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.

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.