In the context of increasingly globalized markets, ever more complex supply chains and international manufacturing networks, corporate decision-making processes involve more and more actors, variables and criteria. This is a challenge for corporate head quarters. Many have argued that the role...

Progress in our understanding of the role of knowledge in the economy, based on Nelson and Winter's book published in 1982, has been mixed. It has been greatest when their concepts have been enriched by empirical evidence, often coming from outside evolutionary economics. It has been least when...

The paper argues that innovation processes can be cognitive, organisational and/or economic. They happen in conditions of uncertainty and (in the capitalist system) of competition. Three broad, overlapping sub-processes of innovation are identified: the production of knowledge; the transformation...