Title: Firm evolution dynamics: towards sustainable entrepreneurship and robust competitiveness in the knowledge economy and society

Authors: Elias G. Carayannis

Addresses: Department of Information Systems and Technology Management, European Union Research Center (EURC), and Global and Entrepreneurial Finance Research Institute (GEFRI), School of Business, George Washington University, Washington, 20052 DC, USA

Abstract: The emerging gloCalising (i.e., simultaneously globalising and localising) (Carayannis and Von Zedwitz, 2005; Carayannis and Alexander, 1999, 2006), frontier of converging systems, networks and sectors of innovation that is driven by increasingly complex, non-linear and dynamic processes of knowledge creation, diffusion and use (Carayannis and Provance, 2008), confronts us with the need to re-conceptualise – if not re-invent – the ways and means that knowledge production, utilisation and renewal takes place in the context of the knowledge economy and society (gloCal knowledge economy and society). This re-invention could lead to more sustainable firms (in terms of both size and profitability) and as a result a higher level of (and indeed robust) competitiveness of the market space in which they are active.

Keywords: globalisation; innovation networks; knowledge clusters; Mode 3; regional development; knowledge creation; diffusion; sustainable entrepreneurship; robust competitiveness; firm evolution dynamics; sustainability; localisation.

DOI: 10.1504/IJIRD.2009.021845

International Journal of Innovation and Regional Development, 2009 Vol.1 No.3, pp.235 - 254

Published online: 05 Dec 2008 *

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