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Revisiting the role of selection for the evolution of industries

Grillitsch, Markus LU and Rekers, Josephine LU (2016) In Industry and Innovation 23(1). p.112-129
Abstract

Despite a growing reliance on evolutionary theories when explaining industrial dynamics, the mechanism of selection has received limited attention. Selection is often taken for granted and conceptualised as product market competition. We go beyond this view and distinguish between different types of selection—formal and social—and consider how these lead to different entities being selected. Formal selection relies on codified selection criteria and often applies in selection environments where processes are standardised and institutions formalised. Social selection relies on reputation, referrals and previous interactions in order to evaluate intangible properties of the entities being selected. We argue that firms compete in multiple... (More)

Despite a growing reliance on evolutionary theories when explaining industrial dynamics, the mechanism of selection has received limited attention. Selection is often taken for granted and conceptualised as product market competition. We go beyond this view and distinguish between different types of selection—formal and social—and consider how these lead to different entities being selected. Formal selection relies on codified selection criteria and often applies in selection environments where processes are standardised and institutions formalised. Social selection relies on reputation, referrals and previous interactions in order to evaluate intangible properties of the entities being selected. We argue that firms compete in multiple selection environments, not limited to product markets, that different selection environments may rely on different types of selection and that this has profound implications for industrial dynamics. This theoretical discussion is inspired by empirical observations of the medical technology industry in Sweden.

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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
evolution, industrial dynamics, med-tech, Selection
in
Industry and Innovation
volume
23
issue
1
pages
18 pages
publisher
Routledge
external identifiers
  • Scopus:84958048285
  • WOS:000375947000004
ISSN
1366-2716
DOI
10.1080/13662716.2015.1129317
language
English
LU publication?
yes
id
4c9a88aa-ff3b-4bf6-9543-7c1b820c1602
date added to LUP
2016-05-17 16:23:20
date last changed
2017-01-01 08:26:04
@article{4c9a88aa-ff3b-4bf6-9543-7c1b820c1602,
  abstract     = {<p>Despite a growing reliance on evolutionary theories when explaining industrial dynamics, the mechanism of selection has received limited attention. Selection is often taken for granted and conceptualised as product market competition. We go beyond this view and distinguish between different types of selection—formal and social—and consider how these lead to different entities being selected. Formal selection relies on codified selection criteria and often applies in selection environments where processes are standardised and institutions formalised. Social selection relies on reputation, referrals and previous interactions in order to evaluate intangible properties of the entities being selected. We argue that firms compete in multiple selection environments, not limited to product markets, that different selection environments may rely on different types of selection and that this has profound implications for industrial dynamics. This theoretical discussion is inspired by empirical observations of the medical technology industry in Sweden.</p>},
  author       = {Grillitsch, Markus and Rekers, Josephine},
  issn         = {1366-2716},
  keyword      = {evolution,industrial dynamics,med-tech,Selection},
  language     = {eng},
  month        = {02},
  number       = {1},
  pages        = {112--129},
  publisher    = {Routledge},
  series       = {Industry and Innovation},
  title        = {Revisiting the role of selection for the evolution of industries},
  url          = {http://dx.doi.org/10.1080/13662716.2015.1129317},
  volume       = {23},
  year         = {2016},
}