Chapter

Policy Implications

Michael H. Best

in The New Competitive Advantage

Published in print July 2001 | ISBN: 9780198297451
Published online November 2003 | e-ISBN: 9780191595967 | DOI: http://dx.doi.org/10.1093/0198297459.003.0008
Policy Implications

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A central claim is that technology management is a powerful policy tool for growth of firms, regions, and nations at every level of industrial development. The capabilities perspective focuses policy‐making attention on long‐term strategies and organizational change methodologies in the three interrelated domains of the productivity triad. In the business model domain, priority goes to supporting new firm creation, open networks, and high‐performance work systems (HPWSs). The Asian Miracle economies that have achieved high rates of growth developed a critical mass of enterprises with the production capabilities to adopt, adapt, and diffuse technologies that originated in the most technologically advanced regions. The challenge in the domain of skill formation is to link visible and invisible colleges, administer the R&D infrastructure, and anticipate technology transitions with manpower development programs. Finally, the mutual adjustment feature of the productivity triad calls attention to the role of policy alignment across the three domains.

Keywords: Asian Miracle; high‐performance work systems; manpower development programs; new firm creation; organizational change; policy alignment; production capability; R&D; technology management; technology policy

Chapter.  10374 words. 

Subjects: Economic Systems

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