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Abstract

This chapter discusses an approach to the rationale and operations of innovation policy
from a 'systems' perspective, focusing on functions performed by an innovation system.
The systems approach stems from a key insight of innovation studies, which is that
innovation by firms cannot be understood purely in terms of independent decisionmaking
at the level of the firm. Firms' strategies are central to innovation, but strategic
options are shaped and constrained by environmental factors such as collaborative
patterns, regularory systems and customary practices which persist in systemic ways
and which influence how innovation may occur. These environmental conditions are
often specific to technological, regional or national contexts, but they are also dynamic:
their forms of operation change with political conditions, changing technological
opportunities, economic integration processes and so on.

Item Type:	Book Section
Authors/Creators:	Bergek, A and Jacobsson, S and Hekkert, M and Smith, KH
Publisher:	Edward Elgar
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