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Financiarisation Et Crise Economique Mondiale : Quels Impacts Sur La Strategie D‟Innovation Des Groupes Industriels ? Financialisation And Global Economic Crisis: What Impacts On The Innovation Strategy Of Industrial Groups?

Author

Listed:
  • Denis LANGLET

    (RRI)

  • Blandine LAPERCHE

    (RRI)

  • Gilliane LEFEBVRE

    (RRI)

Abstract

Dans le contexte actuel de la mondialisation commerciale, productive et financière, la stratégie des firmes multinationales combine les objectifs de renouvellement constant de l‟offre par l‟innovation technologique, mais aussi organisationnelle et commerciale et de rationalisation de la production (réduction des coûts). La dimension financière est étroitement associée à ces stratégies dans la mesure où la dérégulation financière a généré de hauts niveaux d‟exigence de rentabilité chez les investisseurs et donc une pression forte sur l‟entreprise pour accroître la valeur créée et destinée aux actionnaires. Dans cet article, nous étudions les impacts de la crise financière et économique mondiale actuelle sur la stratégie et le management de l‟innovation dans les entreprises industrielles de grande taille. Nous présentons les résultats d‟une enquête sur l‟innovation et le capital-savoir menée depuis 2009 auprès des entreprises Renault, Thales, General Electric, Lesieur, PSA, Saint-Gobain, Valeo et ArcelorMittal. Nous montrons que les firmes rationalisent leurs dépenses de R&D, accentuent les stratégies d‟open innovation, développent un usage stratégique de la propriété intellectuelle et recherchent des voies nouvelles d‟innovation qui s‟inscrivent tant dans l‟exploitation (low cost) que dans l‟accumulation (technologies propres) de leur capital-savoir. In the on-going context of commercial, productive and financial globalization, the strategy of multinational enterprises combines the aims of constant supply renewal (through technological, but also organizational and commercial innovation) and of production rationalization (reduction of production costs). The financial dimension is narrowly linked to these strategies, as the financial deregulation has generated a strong pressure on enterprises, aimed at increasing the shareholder value. In this paper, we study the impacts of the current financial and economic crisis on the strategy and the management of innovation in big industrial firms. We present the result of an enquiry that has been achieved since 2009 in companies such as Renault, Thales, General Electric, Lesieur, PSA, Saint-Gobain, Valeo, and ArcelorMittal. We show that firms rationalize their R&D expenses, accentuate their open innovation strategies, develop a strategic use of IPRs and try to implement new innovation paths, oriented toward the exploitation (low cost strategies) and the accumulation (clean technologies) of their knowledge-capital.

Suggested Citation

  • Denis LANGLET & Blandine LAPERCHE & Gilliane LEFEBVRE, 2010. "Financiarisation Et Crise Economique Mondiale : Quels Impacts Sur La Strategie D‟Innovation Des Groupes Industriels ? Financialisation And Global Economic Crisis: What Impacts On The Innovation Strate," Working Papers 17, Réseau de Recherche sur l’Innovation. / Research Network on Innovation.
    • Handle: RePEc:rii:rridoc:17
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    crise économique; finance; groupes industriels; innovation; capital-savoir ; economic crisis; finance; industrial groups; innovation; knowledge-capital © Réseau de Recherche sur l‟Innovation; 2010;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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