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https://hdl.handle.net/2440/93932
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dc.contributor.author | O Connor, A. | - |
dc.contributor.author | Du, K. | - |
dc.contributor.author | Roos, G. | - |
dc.date.issued | 2015 | - |
dc.identifier.citation | Journal of Intellectual Capital, 2015; 16(3):466-489 | - |
dc.identifier.issn | 1469-1930 | - |
dc.identifier.issn | 1758-7468 | - |
dc.identifier.uri | http://hdl.handle.net/2440/93932 | - |
dc.description.abstract | Purpose – Developed economies with high-cost environments face industrial transitions from scale-based manufacturing (MAN) to knowledge, technology and intangible asset-based sectors. The purpose of this paper is to examine the changes in employment and value-adding profiles of transitioning industry sectors in Australia and discuss the implications for policy that influences the intellectual capital (IC) profile of industrial sectors in transition. Design/methodology/approach – The approach borrowed concepts from the firm-level strategic management literature and applied them to a macro level of industry analysis. In this paper the authors examine the transitions in the Australian economy which, due to a rising cost base, is experiencing a decline in its value chain-oriented MAN sector. The authors contrast four industry sectors with the MAN sector and examine the different value creation models. Findings – The findings clearly show how the contribution to employment and value added (termed Economic Value Contribution ) of the different sectors vary. The authors extend these findings to a discussion on policy and the dimensions of IC that may have a role to play in facilitating transitions within an economy. The main conclusion is that a more rapid transition and higher value may be created if innovation and entrepreneurship are facilitated by targeted policies in transitioning sector. Research limitations/implications – This work is based on a single country analysis of selected industry sectors. Further work needs to be done across many more countries to contrast the findings across nations/regions that differ in industrial complexity and to refine the analytical framework to improve construct validity and increase analytical power. Practical implications – This work has implications for policy-makers facing the challenges of a transitioning economy, whether national or regional. Governments that are hands-on with respect to interventions to salvage and/or extend the life of sectors are at risk of missing opportunities to build the capacities and capabilities of emerging sectors while those governments that are hands-off, deferring to market mechanisms, risk transitions that are too little and/or too late to maintain a national or regional competitiveness. Originality/value – To the authors knowledge, this is the first attempt to integrate the specific firm-level strategic management perspectives, used in this paper, with the macro-policy level to examine industry sectors with the twin metrics of economic productivity and employment in transitioning economies. | - |
dc.description.statementofresponsibility | Allan O’Connor and Kai Du, Göran Roos | - |
dc.language.iso | en | - |
dc.publisher | Emerald Group Publishing Ltd. | - |
dc.rights | © Emerald Group Publishing Limited | - |
dc.source.uri | http://dx.doi.org/10.1108/jic-08-2014-0097 | - |
dc.subject | Innovation | - |
dc.subject | Value analysis | - |
dc.subject | Industrial revolution | - |
dc.subject | Entrepreneurship | - |
dc.title | The intellectual capital needs of a transitioning economy: a case study exploration of Australian sectoral changes | - |
dc.type | Journal article | - |
dc.identifier.doi | 10.1108/JIC-08-2014-0097 | - |
pubs.publication-status | Published | - |
Appears in Collections: | Aurora harvest 2 Entrepreneurship, Commercialisation, and Innovation Centre publications |
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