Hot Spots and Blind Spots: Geographical Clusters of Firms and Innovation

Richard W. Pouder · Caron H. St. John

247 citations0/0 files storedAcademy of Management Review

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Regional Economics and Spatial Analysis Innovation and Knowledge Management Regional Development and Innovation

Abstract

Hot spots are fast-growing geographic clusters of competing firms.Drawing on several literature streams, we develop an evolutionary model that contrasts hot spot and non-hot spot competitors within the same industry.Initially, economies of agglomeration, institutional forces, and managers' mental models create an innovative environment within the hot spot.Over time those same forces create a homogeneous macroculture that suppresses innovation, making hot spot competitors more susceptible than non-hot spot competitors to environmental jolts.

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References

1984Case Study Research: Design and Methods 1991Firm Resources and Sustained Competitive Advantage 1983The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields 1995Managing Legitimacy: Strategic and Institutional Approaches 1990The Competitive Advantage of Nations 1983An Evolutionary Theory of Economic Change 1991The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation 1964A Behavioral Theory of the Firm

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