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Flexibility and Stability in the Innovating Economy

Author: Maureen McKelvey

Publisher: OUP Oxford

Published: 2006-04-27

Total Pages: 320

ISBN-13: 0191537365

Interactions between business, technological, public policy, and organization processes are changing the way modern economies work. In this book the concept of 'change' is problematized in terms of flexibility and stability across these processes, examining the central issues of industrial dynamics, structural change, and transformation. It adopts a perspective of the economy that sees it as an inherently dynamic and complex system, consisting of diverse components and activities, which interact and change in different ways over time. This means placing an emphasis not only on economic transformation, but also on the diverse actors in this transformation who are deciding, doing, and acting in ways which affect the outcomes of this change. Chapters are grouped within three themes, which readers will find are core to the fields of innovation studies, industrial dynamics, and evolutionary economics: Experimenting and Inertia; Evolution and Adaptation of Structure; and Innovating and Technological Transformation.

Flexibility and Stability in the Innovating Economy

Author: Maureen McKelvey

Publisher: Oxford University Press, USA

Published: 2006-04-27

Total Pages: 316

ISBN-13: 0199290474

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Interactions between business, technological, public policy, and organization processes are changing the way modern economies work. In this book the concept of 'change' is problematized in terms of flexibility and stability across these processes, examining the central issues of industrial dynamics, structural change, and transformation. It adopts a perspective of the economy that sees it as an inherently dynamic and complex system, consisting of diverse components and activities,which interact and change in different ways over time. This means placing an emphasis not only on economic transformation, but also on the diverse actors in this transformation who are deciding, doing, and acting in ways which affect the outcomes of this change.Chapters are grouped within three themes, which readers will find are core to the fields of innovation studies, industrial dynamics, and evolutionary economics: Experimenting and Inertia; Evolution and Adaptation of Structure; and Innovating and Technological Transformation.

Managing Flexibility

Author: Sushil

Publisher: Springer

Published: 2015-07-16

Total Pages: 338

ISBN-13: 8132223802

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This edited book provides a conceptual framework of managing flexibility in the areas of people, process, technology and business supported by researches/case applications in various types of flexibilities in business. The book is organized into following five parts: (i) Managing Flexibility; (ii) People Flexibility; (iii) Process Flexibility; (iv) Flexibility in Technology and Innovation Management; and (v) Business Flexibility. Managing flexibility at the level of people, process, technology and business encompasses the requirements of both choice and speed. The need for managing flexibility is growing to cope with the developments and challenges in the global business environment. This can be seen from reactive as well as proactive perspectives. Flexibility is a major dimension of business excellence and deals with a paradoxical view point such as stability and dynamism, continuity and change, centralization and decentralization, and so on. It needs to be managed at the levels of people, process, technology and various business functions and it is important to create flexibility at the level of people to create and manage flexibility in processes and technologies in order to support flexible business requirements.

The Flexible Economy

Author: Tony Killick

Publisher: Routledge

Published: 2005-07-18

Total Pages: 424

ISBN-13: 1134816456

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The accelerating pace of global change demands that economies must be adaptable. Economies which are flexible flourish, as in Eastern Asia. Inflexible economies stagnate, as in Eastern Europe and Africa. However even though adaptability governs the long-term progress of economies, economists have had little to say about the nature and determinants of economic flexibility. This book redresses that situation. A prestigious team of contributors address the key theoretical and empirical issues, using a wide range of country studies.

A Systemic Approach to Continuous Change in the Innovation Economy

Author: Jon-Arild Johannessen

Publisher: Routledge

Published: 2022-04-19

Total Pages: 135

ISBN-13: 100057122X

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Unpredictable and unforeseen, or black swan, events are occurring increasingly often, one such recent example is the coronavirus crisis of 2020. The Fourth Industrial Revolution, with its growing use of artificial intelligence, intelligent robots, intelligent informats and intelligent algorithms, may help us to confront these incidents but only if we can avoid the sector optimization logic of some forms of economic thinking. This book offers a multi-faceted presentation of the application of systemic thinking in non-standard situations, especially those created by the fourth industrial revolution. It develops models and mini theories to promote systemic thinking at a time when cascades of innovations are entering the economy, while at the same time black swan events are occurring and disrupting social systems. It takes a critical look at how organizations and social systems have chosen to organize themselves to develop systems that prioritize high performance, by focusing on cost-cutting and maximizing profits, instead of on preparedness elasticity and resource slack. The consequences of this kind of organizational streamlining becomes evident only when the ‘black swans’ loom. The author discusses how individuals and society can develop the resilience needed to deal with these incidents. He asserts that there are three central social mechanisms that can help us understand how social systems work and how they are interconnected: time-lag, threshold value, and feedback. These three concepts can help us to understand how changes occur in non-linear systems; for instance, how small changes at the micro level can lead to large changes at the macro level. This book will be of interest to researchers, academics and students in the fields of economics, finance, business and industry.

Leadership and Organization in the Innovation Economy

Author: Jon-Arild Johannessen

Publisher: Emerald Group Publishing

Published: 2019-07-11

Total Pages: 138

ISBN-13: 1789738598

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Since the 1980s, society has undergone enormous change. And yet management styles have stayed the same, not adapting to the change in focus from efficiency and productivity, to creativity and innovation. Here, leading innovation expert Jon-Arild Johannessen offers a replacement to traditional goal-driven management and New Public Management (NPM).

Mission-Oriented Finance for Innovation

Author: Mariana Mazzucato

Publisher: Rowman & Littlefield

Published: 2015-03-06

Total Pages: 175

ISBN-13: 1783484969

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The role of the state in modern capitalism has gone beyond fixing market failures. Those regions and countries that have succeeded in achieving “smart” innovation-led growth have benefited from long-term visionary “mission-oriented” policies—from putting a man on the moon to tackling societal challenges such as climate change and the wellbeing of an ageing population. This book collects the experience of different types of mission-oriented public institutions around the world, together with thought-provoking chapters from leading economists. As the global debate on deficits and debt levels continues to roar, the book offers a challenge to the conventional narrative—asking what kinds of visionary fiscal policies we need to help promote "smart” innovation-led, inclusive, and sustainable growth.

Flexibility and Stability in Working Life

Author: B. Furaker

Publisher: Springer

Published: 2007-03-14

Total Pages: 254

ISBN-13: 0230235387

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Flexibility is an ambiguous concept. This book contributes to expounding the importance of clearer concepts in the debates on economic systems, labour markets and work organization. The authors place 'flexibility' in a new theoretical context as juxtaposed to 'stability'. Much terminological confusion and is resolved by this suggestion.

Robot Ethics and the Innovation Economy

Author: Jon-Arild Johannessen

Publisher: Routledge

Published: 2021-06-16

Total Pages: 203

ISBN-13: 1000398595

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This book provides an authoritative resource on the topic of intelligent robots, artificial intelligence and the ethical implications of these revolutionary innovations. It examines the moral and ethical problems that arise in relation to the development, design and use of intelligent robots, which are capable of autonomous or semi-autonomous decision-making. These problems might relate, for example, to medical robots, driverless cars, intelligent military drones, pedagogical robots, police robots, legal robots and many others. The main question addressed in this book is how we can understand, explain and apply the concept of ethics in relation to intelligent robots and artificial intelligence. In each chapter, the author examines a different aspect of this question. The author also questions how we can ensure that intelligent robots are of service to humans and under what conditions intelligent robots could become more ethical than humans. The book employs an original approach to examining this cutting-edge research question, combining different research areas, and offers a wealth of practical relevance and real-world examples, illustrated through vivid case studies. With its jargon free approach and a dedicated chapter on relevant concepts at the end, this book is also accessible to readers without prior knowledge on intelligent robots and the Fourth Industrial Revolution. By providing a general account of this debate, and of the consequences of the innovations resulting from these trends, the book serves as an important contribution to the discussion and will find a natural readership among scholars and students of the innovation economy and those concerned with the ethical considerations arising in the wake of the Fourth Industrial Revolution

On Systemic Balance

Author: M. A. Goldberg

Publisher: Praeger

Published: 1989-10-06

Total Pages: 208

ISBN-13:

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Arguing that society has pursued short-run approaches to decision-making that in the long term are counterproductive, On Systemic Balance presents a multidimensional and interdisciplinary alternative to problem solving. The usual method of dealing with problems such as housing shortages and environmental protection is a narrow, simplistic, quick, and intrusive solution. This type of solution ultimately ignores the many interrelationships within a system. The long term effect is imbalance and destabilization. The author reinforces his argument with economic and environmental examples. He then introduces alternative approaches to decision making and applies them to several settings. By stressing slow incremental intrusions, regard for interrelationships, and longer term balance, the author suggests that we might redefine problems more appropriately, develop less harmful and more enduring solutions, and provide a more stable environment. Goldberg maintains that we cannot truly predict the consequences of our actions, particularly large-scale actions taken over a short period of time. He presents his argument first by equipping the reader with a set of multidisciplinary tools and second by demonstrating the poor results of our present decision-making style. He then introduces an alternative approach which borrows from biology, economics, management, and anthropology and applies it to three distinct settings.