Impact of entrepreneur on the sectoral system of innovation: Case study of the Indian crude oil refining industry
Publication Type:Journal Article
Source:Technological Forecasting and Social Change, Volume 102, p.102 - 111 (2016)
Keywords:Entrepreneur; Technology foresight; Sectoral system of innovation; Crude oil; Petroleum refining
In this paper using the connectionist perspective of an entrepreneur we have tried to highlight the importance of the entrepreneur and the role of the entrepreneur in initializing and crystallizing the sectoral system of innovation. Using evidence from the Indian crude oil refining industry we show how the technology strategy of entrepreneur was widely replicated by other producers in the industry, clearly indicating the technology foresight shown by the entrepreneur. The strategies of the firms in the industry combined with government incentive and stringent fuel regulations helped the Indian crude oil refining industry attain international competitiveness.