Technological Change and Industrial Transformation

Industrial transformation is a research and teaching field that examines the changes in economic activities caused by innovation, competition, and collaboration. It draws concepts and models from the social sciences and technology and engineering studies to understand the causes, processes, and outcomes of transformation in the context of digitalization and sustainability. The book emphasizes the importance of managing global trends of transformation, including existing institutional settings and dynamic interactions between technological change, organizational adaptation, and economic activities.

Format: Paperback / softback
Length: 252 pages
Publication date: 19 August 2021
Publisher: Taylor & Francis Ltd

Industrial transformation is a comprehensive field of research and teaching that delves into the phenomenon and mechanisms of industrial development and renewal. It encompasses the study of changes in economic activities driven by innovation, competition, and collaboration, drawing upon a rich heritage of evolutionary economics, institutional economics, industrial dynamics, technology history, and innovation studies. This multidisciplinary field borrows concepts and models from various social sciences, including sociology, history, political sciences, business/management, economics, behavioral sciences, and technology and engineering studies.

In this book, the authors present a comprehensive exploration of the key theories, frameworks, and concepts of industrial transformation. They employ empirical cases to describe and explain the causes, processes, and outcomes of transformation in the context of digitalization and sustainability. The authors emphasize that industrial transformation involves a blend of Darwinian survival of the fittest selection, intentional pursuits of innovation, and the creation of industrial capabilities. They argue that managing the global trends of transformation requires a holistic approach that considers not only new technology and innovation but also the existing institutional settings and dynamic interactions between technological change, organizational adaptation, and economic activities.

The areas of investigation within industrial transformation hold significant relevance for strategic management decisions and industrial and technology policies. Understanding the mechanisms underlying transformation and sustainable growth is crucial for policymakers and industry leaders alike, as they seek to navigate the complex and rapidly evolving landscape of the modern economy.

In conclusion, industrial transformation is a dynamic and multifaceted field that requires a comprehensive understanding of economic, social, and technological factors. By exploring the theories, frameworks, and concepts of this field, researchers and practitioners can gain valuable insights into the processes of industrial development and renewal, and contribute to the development of sustainable and inclusive economies.

Weight: 490g
Dimension: 234 x 308 x 24 (mm)
ISBN-13: 9781138390034