Technological Revolutions and the Evolution of Industrial Structures. Assessing the Impact of New Technologies upon Size, Pattern of Growth and Boundaries of the Firms

Technological Revolutions and the Evolution of Industrial Structures. Assessing the Impact of New Technologies upon Size, Pattern of Growth and Boundaries of the Firms
Document type
Working Paper
Author(s)
Dosi, Giovanni Gambardella, Alfonso Grazzi, Marco Orsenigo, Luigi
Publisher
Manchester Business School
Date of publication
29 March 2010
Subject(s)
Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

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Drawing both on firm-level and national statistical data this paper assesses the evolution of the overall balances between the activities which are integrated within organizations and those which occur through market interactions.
While the new paradigm entails “revolutionary” changes in the domain of technology, the modification in industrial structures has been somewhat more incremental. Certainly, the vertical and horizontal boundaries of firms have changed and together one is observing a turnover in the club of biggest world firms accounting also for a shift in the relative importance of industrial sectors. Nonetheless, this paper does not observe an abrupt fading of the Chandlerian multidivisional corporation in favour of smaller less-integrated firms.

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