Organizing for Innovation in Large Firms: Resource Allocation Mechanisms for R&D in Large Firms

This 23-page .pdf paper investigates how a firm can best be organized to facilitate innovation, specifically concentrating on the design of R&D resource allocation systems and the use of external technology sources. The study’s key findings are that increased use of external sources of technology results in increased efficiency but decreased effectiveness and that no strong relationship was found between the use of internal … [ Read more ]

Where Schumpeter was nearly Right – the Swedish Model and Capitalism, Socialism and Democracy

In Capitalism, Socialism and Democracy Joseph A. Schumpeter concluded that socialism would eventually displace capitalism in Western democracies. This would come about as a result of the superior performance of capitalism. Six essential elements of Schumpeter’s prediction about the fate of capitalism are confronted with the development of the Swedish economy.