Rolls-Royce plc is currently a powerful competitor in the turbofan engine industry, notwithstanding its own troubled history and the relative lack of international success of British companies in high-technology manufacturing over the past half- century. This paper seeks to contribute to the development of a theory of innova- tive enterprise by analyzing the roles of strategy and finance in sustaining the innovation process at Rolls-Royce over four decades from the mid-1960s. Through an analysis of ‘strategic control’ and ‘financial commitment’ as conditions of innovative enterprise at different stages in Rolls-Royce’s evolution, we adduce evidence that innovation depends in part on who strategic managers are and how they gain control over financial resources.

Dynamic Capabilities and Sustained Innovations / Prencipe, Andrea; Lazonick, W.. - In: INDUSTRIAL AND CORPORATE CHANGE. - ISSN 0960-6491. - STAMPA. - 14:(2005), pp. 501-542.

Dynamic Capabilities and Sustained Innovations

PRENCIPE, ANDREA;
2005

Abstract

Rolls-Royce plc is currently a powerful competitor in the turbofan engine industry, notwithstanding its own troubled history and the relative lack of international success of British companies in high-technology manufacturing over the past half- century. This paper seeks to contribute to the development of a theory of innova- tive enterprise by analyzing the roles of strategy and finance in sustaining the innovation process at Rolls-Royce over four decades from the mid-1960s. Through an analysis of ‘strategic control’ and ‘financial commitment’ as conditions of innovative enterprise at different stages in Rolls-Royce’s evolution, we adduce evidence that innovation depends in part on who strategic managers are and how they gain control over financial resources.
Dynamic Capabilities and Sustained Innovations / Prencipe, Andrea; Lazonick, W.. - In: INDUSTRIAL AND CORPORATE CHANGE. - ISSN 0960-6491. - STAMPA. - 14:(2005), pp. 501-542.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11385/60099
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