Local Search and the Evolution of Technological Capabilities

  title={Local Search and the Evolution of Technological Capabilities},
  author={Toby E. Stuart and Joel Podolny},
The assumption that 'local search' constrains the direction of corporate R&D is central in evolutionary perspectives on technological change and competition. In this paper, we propose a network-analytic approach for identifying the evolution of firms ' technological positions. The approach (I) permits graphical and quantitative assessments of the extent to which firms ' search behavior is locally bounded, and (2) enables firms to be positioned and grouped according to the similarities in their… CONTINUE READING