The Resource The innovative entrepreneur, Daniel F. Spulber
The innovative entrepreneur, Daniel F. Spulber
Resource Information
The item The innovative entrepreneur, Daniel F. Spulber represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Randwick City Library.This item is available to borrow from 1 library branch.
Resource Information
The item The innovative entrepreneur, Daniel F. Spulber represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Randwick City Library.
This item is available to borrow from 1 library branch.
- Summary
-
- "Innovative entrepreneurs are the prime movers of the economy. The innovative entrepreneur helps to overcome two types of institutional frictions. First, existing firms may not innovate efficiently due to incumbent inertia resulting from adjustment costs, diversification costs, the replacement effect, and imperfect adjustment of expectations. The innovative entrepreneur compensates for incumbent inertia by embodying innovations in new firms that compete with incumbents. Second, markets for inventions may not operate efficiently due to transaction costs, imperfect intellectual property protections, costs of transferring tacit knowledge, and imperfect information about discoveries. The innovative entrepreneur addresses inefficiencies in markets for inventions through own-use of discoveries and adoption of innovative ideas. The Innovative Entrepreneur presents an economic framework that addresses the motivation of the innovative entrepreneur, the innovative advantage of entrepreneurs versus incumbent firms, the effects of competitive pressures on incentives to innovate, the consequences of creative destruction, and the contributions of the innovative entrepreneur to the wealth of nations"--
- "Much like the popular myth that a bumblebee's flight is aerodynamically impossible, experts often suggest that innovative entrepreneurship is economically impossible. Entrepreneurs must be irrationally optimistic because there are few economic returns to innovative entry. Entrepreneurs cannot innovate effectively because incumbent firms have better complementary assets. Entrepreneurs cannot possibly innovate because only incumbent firms have the necessary size and market power to support innovation. And yet, they fly! Innovative entrepreneurs add value to the economy through individual initiative, creativity, and flexibility. Innovative entrepreneurs help to overcome two types of institutional frictions. First, existing firms may not innovate efficiently due to incumbent inertia resulting from various organizational rigidities. The innovative entrepreneur compensates for incumbent inertia by embodying innovations in new firms. Second markets for inventions may not operate efficiently due to transaction costs (search, bargaining, contracting, monitoring), imperfect IP protections, costs of transferring tacit knowledge, and imperfect information about discoveries. The innovative entrepreneur addresses frictions in markets for inventions through own-use of discoveries and adoption of innovative ideas. This chapter presents a dynamic economic framework that will be applied to study the innovative entrepreneur. The entrepreneurial process has three stages: invention, entrepreneurship, and competitive entry"--
- Language
- eng
- Extent
- xviii, 365 pages
- Note
- Formerly CIP
- Contents
-
- Machine generated contents note: 1. Introduction; 2. Entrepreneurial motivation: maximizing life-cycle utility; 3. Innovative advantage: entrepreneurial initiative and incumbent inertia; 4. Competitive pressures and entrepreneurial incentives to innovate; 5. Creative destruction: transaction costs and intellectual property rights; 6. Creative destruction: making new combinations; 7. Creative destruction: tacit knowledge; 8. Creative destruction: asymmetric information; 9. The wealth of nations: international trade and investment; 10. Conclusion
- Isbn
- 9781107668119
- Label
- The innovative entrepreneur
- Title
- The innovative entrepreneur
- Statement of responsibility
- Daniel F. Spulber
- Language
- eng
- Summary
-
- "Innovative entrepreneurs are the prime movers of the economy. The innovative entrepreneur helps to overcome two types of institutional frictions. First, existing firms may not innovate efficiently due to incumbent inertia resulting from adjustment costs, diversification costs, the replacement effect, and imperfect adjustment of expectations. The innovative entrepreneur compensates for incumbent inertia by embodying innovations in new firms that compete with incumbents. Second, markets for inventions may not operate efficiently due to transaction costs, imperfect intellectual property protections, costs of transferring tacit knowledge, and imperfect information about discoveries. The innovative entrepreneur addresses inefficiencies in markets for inventions through own-use of discoveries and adoption of innovative ideas. The Innovative Entrepreneur presents an economic framework that addresses the motivation of the innovative entrepreneur, the innovative advantage of entrepreneurs versus incumbent firms, the effects of competitive pressures on incentives to innovate, the consequences of creative destruction, and the contributions of the innovative entrepreneur to the wealth of nations"--
- "Much like the popular myth that a bumblebee's flight is aerodynamically impossible, experts often suggest that innovative entrepreneurship is economically impossible. Entrepreneurs must be irrationally optimistic because there are few economic returns to innovative entry. Entrepreneurs cannot innovate effectively because incumbent firms have better complementary assets. Entrepreneurs cannot possibly innovate because only incumbent firms have the necessary size and market power to support innovation. And yet, they fly! Innovative entrepreneurs add value to the economy through individual initiative, creativity, and flexibility. Innovative entrepreneurs help to overcome two types of institutional frictions. First, existing firms may not innovate efficiently due to incumbent inertia resulting from various organizational rigidities. The innovative entrepreneur compensates for incumbent inertia by embodying innovations in new firms. Second markets for inventions may not operate efficiently due to transaction costs (search, bargaining, contracting, monitoring), imperfect IP protections, costs of transferring tacit knowledge, and imperfect information about discoveries. The innovative entrepreneur addresses frictions in markets for inventions through own-use of discoveries and adoption of innovative ideas. This chapter presents a dynamic economic framework that will be applied to study the innovative entrepreneur. The entrepreneurial process has three stages: invention, entrepreneurship, and competitive entry"--
- http://library.link/vocab/creatorName
- Spulber, Daniel F
- Dewey number
- 338.04
- Illustrations
- illustrations
- Index
- index present
- Literary form
- non fiction
- Nature of contents
- bibliography
- http://library.link/vocab/subjectName
-
- Entrepreneurship
- Creative ability in business
- Label
- The innovative entrepreneur, Daniel F. Spulber
- Note
- Formerly CIP
- Bibliography note
- Includes bibliographical references and index
- Carrier category
- volume
- Content category
-
- still image
- text
- Contents
- Machine generated contents note: 1. Introduction; 2. Entrepreneurial motivation: maximizing life-cycle utility; 3. Innovative advantage: entrepreneurial initiative and incumbent inertia; 4. Competitive pressures and entrepreneurial incentives to innovate; 5. Creative destruction: transaction costs and intellectual property rights; 6. Creative destruction: making new combinations; 7. Creative destruction: tacit knowledge; 8. Creative destruction: asymmetric information; 9. The wealth of nations: international trade and investment; 10. Conclusion
- Control code
- 000052190396
- Dimensions
- 27 cm.
- Extent
- xviii, 365 pages
- Isbn
- 9781107668119
- Isbn Type
- (pbk.) :
- Other physical details
- illustrations (black and white)
- Label
- The innovative entrepreneur, Daniel F. Spulber
- Note
- Formerly CIP
- Bibliography note
- Includes bibliographical references and index
- Carrier category
- volume
- Content category
-
- still image
- text
- Contents
- Machine generated contents note: 1. Introduction; 2. Entrepreneurial motivation: maximizing life-cycle utility; 3. Innovative advantage: entrepreneurial initiative and incumbent inertia; 4. Competitive pressures and entrepreneurial incentives to innovate; 5. Creative destruction: transaction costs and intellectual property rights; 6. Creative destruction: making new combinations; 7. Creative destruction: tacit knowledge; 8. Creative destruction: asymmetric information; 9. The wealth of nations: international trade and investment; 10. Conclusion
- Control code
- 000052190396
- Dimensions
- 27 cm.
- Extent
- xviii, 365 pages
- Isbn
- 9781107668119
- Isbn Type
- (pbk.) :
- Other physical details
- illustrations (black and white)
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.randwick.nsw.gov.au/portal/The-innovative-entrepreneur-Daniel-F./k-eAlKTPFUI/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.randwick.nsw.gov.au/portal/The-innovative-entrepreneur-Daniel-F./k-eAlKTPFUI/">The innovative entrepreneur, Daniel F. Spulber</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.randwick.nsw.gov.au/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="https://link.randwick.nsw.gov.au/">Randwick City Library</a></span></span></span></span></div>
