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Bridging Islands - Venture Companies and the Future of Japanese and American Industry (Hardcover)
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Bridging Islands - Venture Companies and the Future of Japanese and American Industry (Hardcover)
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The innovative strength of the world's two largest economies, the
United States and Japan, are based on two very different forms of
industrial and social organization. For the United States, venture
companies play a key role in technical and economic progress, while
in Japan they have only a very minor role. In Bridging Islands,
Robert Kneller argues that without vibrant new high technology
companies, Japanese industry will decline inexorably. At the same
time, if the favorable yet delicate environment in America is
undermined, America will face collapse of its innovative and
economic strength.
Japan has done much to improve its environment for high technology
ventures. It has some promising new high technology companies and
gradually increasing numbers of entrepreneurial scientists and
managers. But they continue to swim against the current. One reason
is that large, established companies dominate high technology
fields and pursue an autarkic innovation strategy-relying on
research in-house, in affiliated companies, or in universities.
Another reason is that these same large companies still have
preferential access to university discoveries. Thus, high
technology ventures are deprived of niches in which to grow,
skilled personnel, and their natural customer base. In the field of
university-industry relations, steps can still be taken to improve
the environment for high technology ventures-steps that would
probably also increase the quality of university science.
The American-Japanese innovation dichotomy represents a broader
dichotomy between so-called liberal and controlled market
economies. The lessons from these two countries' experiences are
applicable to manyindustrialized countries, and to developing
countries shaping their innovation systems.
Bridging Islands is a detailed examination of the key role of
venture companies in national technical and economic success, with
important implications for academics, researchers, industry
specialists, and policy-makers.
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