Schumpeter (1947) argued that the ability to make innovation routine would be a major determinant of the future nature of capitalism. Schumpeter argued that the ability to make innovation a routine function in large companies would lead to a situation in which these companies would become indistinguishable in their scope of activity and size from other constituencies of society, and would therefore require some form of democratic control to resolve the diversity of social interests. Examination of the division of labor in innovation achieved through inter-organizational collaboration is therefore, ultimately, an enquiry into the future of capitalism (Pavitt and Steinmueller, 2002), a matter of some interest to those living in ‘free market’ economies.
KeywordsEurope Marketing Expense OECD
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