Home / Questions / Using information from the case, conduct general research and describe some
Using information from the case, conduct general research and describe some ways in which Massachusetts was able to reinvent its economic base. How do
the methods used align with the concept of “innovation systems and processes?”
Place yourself in the role of a community/political leader in your area. Would your community (either state or local) be able to innovate in a way similar to
Massachusetts? Do any innovative processes exist that would make this possible? If it were your job to make this happen, what are some steps that you might
take?
CASE STUDY 2.3 The Power of Regional Innovation Systems
Michael Best’s fascinating account of the ways in which the Massachusetts economy managed to reinvent itself several times is one which underlines the
importance of innovation systems. In the 1950s the state suffered heavily from the loss of its traditional industries of textiles and shoes but by the early
1980s the ‘Massachusetts miracle’ led to the establishment of a new high-tech industrial district. It was a resurgence enabled in no small measure by an
underpinning network of specialist skills, high-tech research and training centres (the Boston area has the highest concentration of colleges, universities,
research labs and hospitals in the world) and by the rapid establishment of entrepreneurial firms keen to exploit the emerging ‘knowledge economy’. But in
turn this miracle turned to dust in the years between 1986 and 1992 when around one third of the manufacturing jobs in the region disappeared as the
minicomputer and defence-related industries collapsed. Despite gloomy predictions about its future, the region built again on its rich network of skills,
technology sources and a diverse local supply base which allowed rapid new product development to emerge again as a powerhouse in high technology such
as special purpose machinery, optoelectronics, medical laser technology, digital printing equipment and biotech.33
Mar 30 2018 Read more Less More
Which statement is true?Group of answer choicesThe larger the standard deviation, the higher the total risk.The larger the standard deviation, the lower the total risk.Th...
Jan 31 2020Materials used by the Industrial Division of LeMaster Manufacturing are currently purchased from outside suppliers at a cost of $120 per unit. However, the same materials...
May 10 2018Calculate and evaluate elasticity. Circle the elasticity calculation and the evaluation when finished On most days the price of a rose is $1.00 and 80 roses are purchased...
Apr 17 2020Farmer Jones and Farmer Smith graze their cattle on the same field. If there are 20 cows grazing in the field, each cow produces $4,000 of milk over its lifetime. If ther...
May 02 2020The price of $8,000 face value commercial paper is $7,930. If the annualized discount rate is 4%, when will the paper mature? If the annualized investment rate % is 4%, w...
Apr 01 2020Agriculture Marketing: . What is the income elasticity of demand? For each of the following pairs, suggest which one you would expect to have a higher income elasticity: ...
Apr 17 2020A senator wishes to estimate the proportion of U.S voters who favor abolishing the Electoral College. How large a sample is needed in order to be 98% confident that the s...
Apr 03 2020The writing assignment will demonstrate writing across curriculum by responding to the following topic 4 to 5 page paper. Your paper must include at least five external s...
May 21 2018On May 1, Ace Bonding Company purchased inventory costing $2,000 on account with terms 2/10, n/30. On May 18, Ace pays for this inventory and records which of the followi...
Feb 01 2020Hernandez Enterprises sells on account. When a customer account becomes four months old, Hernandez converts the account to a note receivable. During 2012, Hernandez compl...
Mar 30 2020
Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.
