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Powerful Finance and Innovation Trends in a High-Risk Economy pp 248–269Cite as

Palgrave Macmillan

Innovation and the Profitability Imperative: Consequences on the Formation of the Firm’s Knowledge Capital

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Abstract

In neoclassical economics, the firm is seen as a ‘black box’, i.e. an entity receiving flows of raw materials and turning out flows of processed or finished products. The purpose of such an entity is to maximize its profit, being limited only by its resources. However, since the 1960s, this restrictive vision of the firm’s goals has been largely questioned and has been commonly replaced by a more complex spectrum of objectives.

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Authors and Affiliations

  1. Research Unit on Industry and Innovation (Lab. RII), University of Littoral Côte d’Opale, France

    Blandine Laperche (Associate Professor, Research Director in Economics)

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  1. Blandine Laperche
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Editors and Affiliations

  1. Research Unit on Industry and Innovation (Lab. RII), University of Littoral Côte d’Opale, France

    Blandine Laperche (Associate Professor, Research Director in Economics) & Dimitri Uzunidis (Director) (Associate Professor, Research Director in Economics) &  (Director)

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© 2008 Blandine Laperche

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Laperche, B. (2008). Innovation and the Profitability Imperative: Consequences on the Formation of the Firm’s Knowledge Capital. In: Laperche, B., Uzunidis, D. (eds) Powerful Finance and Innovation Trends in a High-Risk Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230584099_15

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