The Nature and Importance of Economic Competence

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. In this paper wc define economic competence as the ability to identify, expand, and exploit the opportunity sel. Economic competence constitutes the means through which technological possibilities are converted into economic activity. lt consists of four types of capabilities: (1) Se!ective or strategic; (2) organizational or coordinating; (3) technical; and (4) learning ability. Terms of use: Documents in EconStor mayThe purpose of the paper is (1) to survey the study of economic competence as it appearsIn economic literature; (2) to give a meaningful and operational definition of economic competence as one of the factors contributing to macroeconomic growth; and (3) to suggest a methodology to generalize and link economic competence, as defined at the micro (firm, individual) level, to macroeconomic growth, through simulation on the micro-based macroeconomic Model of the ~wedish I;;conomic ~stem (MOSES).

Preparing industrial suppliers for customer integration

“…Basically, this approach inhibits generalization or the transfer of the concept to other fields of application. There are some authors in organizational research though who make the effort to discuss different dimensions of competence and therefore arrive at a more general definition of core competence (Amit & Shoemaker, 1993;Carlsson & Eliasson, 1991;Teece, Pisano, & Shuen, 1997). All of these authors look at competence as an organizational phenomenon.…”

Innovation systems: analytical and methodological issues

“…Economic (or techno-economic) competence is defined as the ability to identify and exploit business opportunities (Carlsson and Eliasson, 1994). This involves four types of capability.…”

Creating and Capturing Value in the Biopharmaceutical Sector

“…Chesbrough and Rosenbloom (2002) suggest that the business model of a technology company is the construct that mediates the value creation process between the technical and economic domains, selecting and filtering technologies and packaging them into particular configurations to be offered to the market. In this value creation process between the technical and economic domains there are strong echoes of the concepts of 'economic competence' (Carlsson and Stankiewicz 1991;Carlsson and Eliasson 1994) and 'competence bloc' (Eliasson 2000) both of which emphasise the need for firms to take advantage of their business opportunities arising from innovation to effect economic change.…”