GGR325H5 Chapter Notes - Chapter 6: Digital Photography, Investment, Lean Manufacturing
Document Summary
They offer the possibility of economic growth and job creation but, at the same time, that promise is rarely fulfilled. Even within reasonably successful systems, such as those we have described in rochester in the photonics industry, and in los. Angeles in the entertainment media, real (that is, market altering) innovation is rare. More typically innovation is confined to a narrow range of product development, for example, in distribution technologies, or takes the form of process innovation. In addition, the construction of knowledge (and the processes through which it is diffused), serve the purposes of some firms more than others. Paradox: instead the increased use of skilled workers may reflect a process innovation strategy that reduces the numbers of jobs created. Or, it may reflect the use of pools of brain power to service already commercialized complex systems or, as in the entertainment media, to replicate already established formulas for commercial products.
