Cover of NEW DEVELOPMENTS EVOLUT INNOVATION C by AL, CATTANI ET, ISBN 9780198837091
Strategic Planning

NEW DEVELOPMENTS EVOLUT INNOVATION C

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Key Specifications

ISBN 9780198837091
Publisher Academic
Publication date May 2021
Language English
MRP Β£93.00 GBP
Page count 246
Item weight 116 g

The growth of evolutionary thinking has had a profound impact on economic theory and related fields such as strategy and technological innovation. An important paradigm that underlies the evolutionary theory of innovation is neo-Darwinian evolution. According to this paradigm, evolution is gradualist and based on the mechanisms of variation, selection, and retention. Since the 1970s, theoretical advancements in evolutionary biology have recognised the central role of punctuated equilibrium, speciation, and exaptation. However, despite their significant influence in evolutionary biology, these advancements have been reflected only partially in evolutionary approaches to economics, strategy, and innovation. The aim of this book is to review these advancements and explore their implications, with a particular emphasis on the role of serendipity and unprestateability in innovation and novelty creation.