"The Evolution of a New Industry" traces the emergence and growth of the Israeli hi-tech sector to provide a new understanding of industry evolution.
In the case of Israel, the authors reveal how the hi-tech sector built an entrepreneurial culture with a capacity to disseminate intergenerational knowledge of how to found new ventures, as well as an intricate network of support for new firms. Following the evolution of this industry from embryonic to mature, Israel Drori, Shmuel Ellis, and Zur Shapira develop a genealogical approach that relies on looking at the sector in the way that one might consider a family tree. The principles of this genealogical analysis enable them to draw attention to the dynamics of industry evolution, while relating the effects of the parent companies' initial conditions to their respective corporate genealogies and imprinting potential. The text suggests that genealogical evolution is a key mechanism for understanding the rate and extent of founding new organizations, comparable to factors such as opportunity structures, capabilities, and geographic clusters.

An exciting new volume in the Technology, Innovation, Entrepreneurship and Competitive Strategy series from Emerald's popular Strategy collection. This volume features excellent new research devoted to advancing our understanding of how networks foster creativity, innovation and the development of cutting-edge technologies. Contributions offer unique perspectives on the significance of networks to the financial success of businesses, in addition to giving examples of how these can be crucial in bringing about creativity and innovation. It deals with the evolution of networks through geographic and industry boundaries. This is crucial reading for any researchers exploring strategic management tools and techniques, and specifically the intricacies of "network theory" within businesses.