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

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' me...

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Bibliographic Details
Published inThe Academy of Management review Vol. 21; no. 4; pp. 1192 - 1225
Main Authors Pouder, Richard, St. John, Caron H.
Format Journal Article
LanguageEnglish
Published Ada, Ohio, etc Academy of Management 01.10.1996
Subjects
Agglomeration
Business community
Business innovation
Ceramics industry
Cognitive models
Comparative studies
Competition
Ecological competition
Economic competition
Economic resources
Educational innovation
Enterprises
Equilibrium
Evolution
Extractive industries
Geography
High technology industries
Industrial policy
Innovation
Innovations
Organizational behavior
Population
Special Topic Forum on the Management of Innovation
Startups
Technological change
Technological innovation
United States > US
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Summary: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.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0363-7425
1930-3807
DOI:10.2307/259168