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Abstract

The term ‘learning’ evokes an image of continual renewal, the acquisition of new knowledge. The expression ‘Schumpeterian dynamics’ conveys a different image. An image composed on the one hand of staid, established organizations failing to recognize new opportunities in their environment and new organizations established to exploit these same opportunities. While learning is a powerful instrument of organizational intelligence, it is also associated with some of the difficulties of established firms responding to changing competitive environments. This pathology stems from some basic properties of learning mechanisms.

Keywords

Absorptive Capacity Epistatic Interaction Fitness Landscape Aspiration Level Multiple Basis 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Associazione di Storia e Studi sull’Impressa 1996

Authors and Affiliations

  • Daniel Levinthal

There are no affiliations available

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