- List of Figures
- List of Tables
- Notes on Contributors
- Foundations of Business Groups: Towards an Integrated Framework
- Business Groups in Historical Perspectives
- Business Groups in Prewar Japan: Historical Formation and Legacy
- Business Networks in Postwar Japan: Whither the Keiretsu?
- Business Groups in South Korea
- Business Groups in Taiwan
- Business Groups in China
- Business Groups in Thailand
- Business Groups in Singapore
- Business Groups in India
- Business Groups in Argentina
- Business Groups in Brazil
- Business Groups in Chile
- Business Groups in Mexico
- Business Groups in Israel
- Business Groups in Turkey
- Business Groups in Russia
- Business Groups in South Africa
- Business Groups in Emerging Markets: Paragons or Parasites?
- The Riddle of the Great Pyramids
- Economic Institutions and the Boundaries of Business Groups
- Business Groups and the State: The Politics of Expansion, Restructuring, and Collapse
- Corporate Governance of Business Groups
- The Kin and the Professional: Top Leadership in Family Business Groups
- Diversification Strategy and Business Groups
- Capability Building in Business Groups
- Technological Innovation and Business Groups
Abstract and Keywords
This article examines the challenges facing diversified business groups in late-industrializing economies, as they acquire technology and learn to innovate. In particular, it assesses the role business groups play in technological innovation processes. This article thus attempts to identify the internal business strategies as well as external conditions that lead business groups to take a positive and developmental role in those economies. The main focus of this article is on technological innovation, rather than organizational or institutional innovation, although the latter often accompany the former. Also, as it deals with business groups in the late-industrializing economies of the twentieth century, the core activity is usually incremental “catch-up” innovation and technological acquisition, which involves significant technology transfer from developed and industrialized countries. This is to be contrasted with the R&D and new product-based “leadership innovation” of leading corporations operating in the most advanced economies.
Mike Hobday is Professor of Innovation Management at CENTRIM (Centre for Research in Innovation Management), Brighton University, UK. His research interests include innovation processes in East and South East Asia focusing on technological progress and strategy within local firms and multinational corporations. He also works on project‐based innovation in high‐value complex products and systems. Besides many journal publications, he is the author of Innovation in East Asia: The Challenge to Japan (Edward Elgar, 1997); co‐author (with Andrew Davies) of The Business of Projects: Managing Innovation in Complex Products and Systems (Cambridge University Press, 2005); and co‐editor (with Andrea Prencipe and Andrew Davies) of The Business of Systems Integration (Oxford University Press, 2003).
Asli M. Colpan is Associate Professor and Mizuho Securities Chair in Strategy and International Business at the Graduate School of Management, Kyoto University. She is also Adjunct Associate Professor of the Kyoto Consortium for Japanese Studies at Colombia University. Her research interests include corporate strategy, corporate governance, and especially the evolution of large enterprises in industrial and emerging economies. Her work has been published in Industrial and Corporate Change, Asia Pacific Journal of Management, and Asian Business and Management.
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