Innovative activity is what mainly separates the winners from the losers as industries evolve. The book Innovation and the Evolution of Industries puts forward a new way of looking at this central mechanism of economic growth: a systematic but ‘history-friendly’ view that takes into account the differences in industry context, as exemplified in the computer, semiconductor and pharmaceutical industries.
In this interview with Knowledge@Wharton, Wharton emeritus management professor and co-author Sidney Winter discusses the book and the years-long collaboration it took with his colleagues. Winter is a Core Team member of the Mack Institute for Innovation Management.
Image: http://knowledge.wharton.upenn.edu
