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Impact of entrepreneur on the sectoral system of innovation: Case study of the Indian crude oil refining industry

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  • Iyer, Chidambaran G.

Abstract

In this paper using the connectionist perspective of an entrepreneur we have tried to highlight the importance of the entrepreneur and the role of the entrepreneur in initializing and crystallizing the sectoral system of innovation. Using evidence from the Indian crude oil refining industry we show how the technology strategy of entrepreneur was widely replicated by other producers in the industry, clearly indicating the technology foresight shown by the entrepreneur. The strategies of the firms in the industry combined with government incentive and stringent fuel regulations helped the Indian crude oil refining industry attain international competitiveness.

Suggested Citation

  • Iyer, Chidambaran G., 2016. "Impact of entrepreneur on the sectoral system of innovation: Case study of the Indian crude oil refining industry," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 102-111.
    • Handle: RePEc:eee:tefoso:v:102:y:2016:i:c:p:102-111
    DOI: 10.1016/j.techfore.2015.02.019
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    References listed on IDEAS

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    1. Sunil Mani, 2006. "The Sectoral system of innovation of Indian pharmaceutical industry," Centre for Development Studies, Trivendrum Working Papers 382, Centre for Development Studies, Trivendrum, India.
    2. D'costa, Anthony P., 1995. "The restructuring of the Indian automobile industry: Indian state and Japanese capital," World Development, Elsevier, vol. 23(3), pages 485-502, March.
    3. Malerba, Franco, 2002. "Sectoral systems of innovation and production," Research Policy, Elsevier, vol. 31(2), pages 247-264, February.
    4. Chidambaran G. Iyer, 2012. "Foreign firms, Indian multinationals and spillovers in the Indian pharmaceutical industry," Indian Growth and Development Review, Emerald Group Publishing Limited, vol. 5(2), pages 131-150, September.
    5. Franco Malerba, 2005. "Sectoral systems of innovation: a framework for linking innovation to the knowledge base, structure and dynamics of sectors," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 14(1-2), pages 63-82.
    6. Castellacci, Fulvio, 2008. "Innovation and the competitiveness of industries: comparing the mainstream and the evolutionary approaches," MPRA Paper 27523, University Library of Munich, Germany.
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    Cited by:

    1. Plantec, Quentin & Le Masson, Pascal & Weil, Benoît, 2021. "Impact of knowledge search practices on the originality of inventions: A study in the oil & gas industry through dynamic patent analysis," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
    2. Cui, Yu & Sun, Chuan & Xiao, Hongjun & Zhao, Chunming, 2016. "How to become an excellent entrepreneur: The moderating effect of risk propensity on alertness to business ideas and entrepreneurial capabilities," Technological Forecasting and Social Change, Elsevier, vol. 112(C), pages 171-177.

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