Skill biased technical change arrived to Hungary with the transition to market economy. As Hungary integrated into the international economy, technical change progressed much faster in some sectors than in mature market economies. That lead to increasing skill premia, intensive rent sharing, and additional benefits for workers at innovative firms. This paper analyses wage setting at Hungarian f...

Executive Overview Milton Friedman once argued that profits are the chief purpose of business. Profits do matter, but today we know more about how business contributes to society. Good firms bring innovation to the marketplace, which facilitates their growth. Innovative, growing firms generate economic growth and employment, which, in turn, greatly improves people’s lives. In this paper I argue...

The main purpose of this paper is to provide an understanding, within the field of corporate entrepreneurship, of the various factors that enable technology entrepreneurship in established firms and its principal effects on customers and society. The paper reports on a case study regarding technology entrepreneurship in a Spanish company whose activity is pharmaceutical distribution. This compa...

In the globalised era, the ability of firms to reconfigure existing competencies and create new knowledge for innovation has become a strategically important capability. In the emerging environment, firms will have to create knowledge for innovation by acquiring the necessary new knowledge and combining it with the existing knowledge base. This research explores the approaches used by Indian ph...

This study aims to identify the factors that contribute to the building of a firm’s innovative capacity and to assess the way in which this contributes to our understanding of how much this contributes to improvements in the firm’s performance. A conceptual model is proposed consisting of five separate dimensions: the firm; the entrepreneur; the external business environment; the firm’s innovat...

The geography of innovation is built upon an agglomeration of economies and “innovation hearths”, (Crevosier, 2004). Innovative success of a firm is often indicated by their creativity, access to alliances, and usage of access to local resources. Few metrics have been able to give adequate rise to a definition for Innovation as a means of measuring entrepreneurial and innovative success in comb...

The strategies firms use to protect their intellectual property and knowledge can strongly influence their ability to capture the benefits of their innovative efforts. In attempting to appropriate their innovations, firms can chose from a range of mechanisms, including patents, trade secrets and lead times. Yet, little is known about how the use of different appropriability mechanisms may shape...