Firm evolution dynamics: towards sustainable entrepreneurship and robust competitiveness in the knowledge economy and society

Abstract

The emerging gloCalising (i.e., simultaneously globalising and localising) (Carayannis and Von Zedwitz, 2005; Carayannis and Alexander, 1999, 2006), frontier of converging systems, networks and sectors of innovation that is driven by increasingly complex, non-linear and dynamic processes of knowledge creation, diffusion and use (Carayannis and Provance, 2008), confronts us with the need to re-conceptualise – if not re-invent – the ways and means that knowledge production, utilisation and renewal takes place in the context of the knowledge economy and society (gloCal knowledge economy and society). This re-invention could lead to more sustainable firms (in terms of both size and profitability) and as a result a higher level of (and indeed robust) competitiveness of the market space in which they are active.

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