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Innovative Enterprise and Historical Transformation

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  • Lazonick, William

Abstract

The social conditions that affect innovation change over time and vary across productive activities. Hence theoretical analysis of the innovative enterprise must be integrated with historical study through the use of what I call a historical-transformation methodology—a methodology that stands in sharp contrast to, but can nonetheless be complemented by, the constrained-optimization methodology favored by conventional economists. In surveying some major attempts to analyze the role of the business enterprise in generating superior economic performance in the advanced economies, including the works of Oliver Williamson, Alfred Chandler, Edith Penrose, and resource-based theorists, I explain what a historical-transformation methodology is and why such a methodology is needed for understanding how and under what conditions business enterprises can in fact be innovative enterprises.

Suggested Citation

  • Lazonick, William, 2002. "Innovative Enterprise and Historical Transformation," Enterprise & Society, Cambridge University Press, vol. 3(1), pages 3-47, March.
    • Handle: RePEc:cup:entsoc:v:3:y:2002:i:01:p:3-47_00
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    Citations

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    Cited by:

    1. Lo, Dic & Gao, Ling & Lin, Yuchen, 2022. "State ownership and innovations: Lessons from the mixed-ownership reforms of China's listed companies," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 302-314.
    2. Baskaran, Shruthi & Mehta, Khanjan, 2016. "What is innovation anyway? Youth perspectives from resource-constrained environments," Technovation, Elsevier, vol. 52, pages 4-17.
    3. Lazonick, William, 2012. "Financialization of the U.S. corporation: what has been lost, and how it can be regained," MPRA Paper 42307, University Library of Munich, Germany, revised 29 Oct 2012.
    4. William Lazonick, 2010. "Entrepreneurial Ventures and the Developmental State: Lessons from the Advanced Economies," Working Papers id:3167, eSocialSciences.
    5. Lazonick, William & Tulum, Öner, 2011. "US biopharmaceutical finance and the sustainability of the biotech business model," Research Policy, Elsevier, vol. 40(9), pages 1170-1187.
    6. Ali Fikirkoca & Bahar Çelikkol Erbas & Arcan Tuzcu, 2011. "Understanding Regional Innovation Systems in LMT Industries: The Case of Turkey as an Emerging Market Economy," Chapters, in: Paul L. Robertson & David Jacobson (ed.), Knowledge Transfer and Technology Diffusion, chapter 12, Edward Elgar Publishing.
    7. Bruno, Randolph Luca & Douarin, Elodie & Korosteleva, Julia & Radosevic, Slavo, 2019. "Determinants of Productivity Gap in the European Union: A Multilevel Perspective," IZA Discussion Papers 12542, Institute of Labor Economics (IZA).
    8. William Lazonick, 2010. "The Chandlerian corporation and the theory of innovative enterprise," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 19(2), pages 317-349, April.
    9. Jackie Krafft, 2006. "Business history and the organization of industry," Post-Print hal-00211780, HAL.
    10. Randolph Luca Bruno & Monika Matusiak & Kirill Osaulenko & Slavo Radosevic, 2023. "“Digitalisation” and “Greening” as Components of Technology Upgrading and Sustainable Economic Performance," Sustainability, MDPI, vol. 15(3), pages 1-29, January.
    11. Weerawardena, Jay & Mort, Gillian Sullivan, 2006. "Investigating social entrepreneurship: A multidimensional model," Journal of World Business, Elsevier, vol. 41(1), pages 21-35, February.
    12. William Lazonick, 2018. "Comments on Gary Pisano: “toward a prescriptive theory of dynamic capabilities”," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(6), pages 1165-1174.
    13. Krafft, Jackie, 2004. "Frontières de la firme et de l’industrie : Les perspectives récentes issues de la rencontre entre l’histoire industrielle et l’économie industrielle," L'Actualité Economique, Société Canadienne de Science Economique, vol. 80(1), pages 109-135, Mars.
    14. William Lazonick, 2012. "Corporate Governance, Innovative Enterprise and Executive Pay," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 25, Edward Elgar Publishing.
    15. Radosevic, Slavo, 2022. "Techno-economic transformation in Eastern Europe and the former Soviet Union – A neo-Schumpeterian perspective," Research Policy, Elsevier, vol. 51(1).
    16. repec:bla:jomstd:v:47:y:2010:i:s1:p:859-883 is not listed on IDEAS
    17. Dalina Andrei, 2019. "Economic Entities And History Of Economic Thinking," Management Strategies Journal, Constantin Brancoveanu University, vol. 45(3), pages 42-46.
    18. Bucheli, Marcelo & Mahoney, Joseph T. & Vaaler, Paul M., 2007. "Chandler's Living History: The Visible Hand of Vertical Integration in 19th Century America Viewed under a 21st Century Transaction Costs Economics Lens," Working Papers 07-0111, University of Illinois at Urbana-Champaign, College of Business.
    19. Anwar Aridi & Christopher S. Hayter & Slavo Radosevic, 2021. "Windows of opportunities for catching up: an analysis of ICT sector development in Ukraine," The Journal of Technology Transfer, Springer, vol. 46(3), pages 701-719, June.

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