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This book develops a general 'logic', or heuristic of discovery, to explain the emergence of novelty in individual thought, organizations, industries, and economies. It draws on a variety of literatures, discussing theories of organizational learning, evolutionary and institutional economics, knowledge and language. It brings these together in a unifying framework, and applies that for an analysis of innovation systems and the management of learning. Unification is based on the resource or competence based view in economics, in combination with a theory of learning by interaction. The central theme of the book is the relation between stability and change. In business literature this theme appears in the relation between exploitation and exploration. In evolutionary economics it appears in the relation between selection and adaptation. The general heuristic shows how exploitation can provide the basis for exploration. The analysis is illustrated with many phenomena and empirical results from the different literatures.
Bart Nooteboom is Professor of Organization in the Faculty of Management and Organization, Erasmus University, Rotterdam. Previous academic positions have included Fellow at the Netherlands Institute for Advanced Studies in Wassenaar, the Netherlands (1998/99); Scientific Director of the Research Institute and Ph.D. School of the faculties of Management and Organization, Economics and Spatial Sciences at Groningen University (1994-1998); and Professor of Industrial
Organization at Groningen University. Between 1991 and 1994 he was a member of a committee advising the Minister of Economic Affairs on technology policy. He has also worked for Shell International in both London and The Hague, and for the Research Institute for Small Business in the Netherlands. His
current research is on the relation between innovation systems and organizational learning, and attempts to integrate economic issues of innovation with a constructivist perspective from sociology.