Innovation in Stra.Tech.Man (Strategy-Technology-Management) Terms
Journal of Entrepreneurship and Business Innovation, 5(2), 1-26, 2018
26 Pages Posted: 1 May 2019
Date Written: 2018
The conventional neoclassic approach of the entrepreneurial economic development perceives innovation to a large extent restrictively and unproductively. In a parallel motion, the conventional Keynesian perspective proves to be as well insufficient to study the innovation dynamics evolutionary and dialectically. On the contrary, toward a theoretical repositioning of the innovation studies, there are appearing new approaches that continue the evolutionary study of the capitalistic Firm’s physiology that began in the mid-20th century. This paper focuses especially on this theoretical redefinition to innovation dynamics. It tries to unfold a view of the Firm of physiological and evolutionary type, by highlighting a new synthesis of Strategy, Technology and Management (the ‘Stra.Tech.Man’ triangle) that represents the organic center of the produced innovation, inside all socioeconomic organisms.
Keywords: Innovation, firm theory, evolutionary economics, Stra.Tech.Man analysis
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