Effective change management requires continual assessment of the potential change impact and the organization's willingness and ability to adopt the next wave of transformation. Naturally, no change management program goes completely according to the plan: people tend to react in unexpected ways; areas of anticipated resistance may fall away; and the external environment may shift. However, sup...

Growth, Development, and Technological Change The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important im...

Discussions of technological change have offered sharply contrasting perspectives of technological change as gradual or incremental and the image of technological change as being rapid, even discontinuous. These alternative perspectives are bridged using the punctuated equilibrium framework of evolutionary biology. Using this framework, it is argued that the critical event is not a transformati...