4.3 Industrial dynamics: knowledge and network industries
This final subsection introduces two more concepts that develop further our analysis of the dynamics of industrial structure, with particular reference to the ‘new economy’ industries. A dynamic approach to industrial change places considerable emphasis on innovation and learning, seeing firms as actively searching out innovative products and processes and learning how to produce and sell them. Some of the novelty of the new economy is reflected in the concepts used in trying to understand it, which are applied here to a brief analysis of network industries.
OpenLearn - Innovation, markets and industrial change
Except for third party materials and otherwise, this content is made available under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 Licence, full copyright detail can be found in the acknowledgements section. Please see full copyright statement for details.