Linking firm strategy and government action: Towards a resource-based perspective on innovation and technology policy

Abstract

The author combines a variety of approaches that emphasize capabilities, skills, and competencies in developing a framework for innovation and technology policy that suggests innovation and technology policy should be strategic in nature. The main goal of this framework is to guard and update the knowledge-base of the institutions and actors that allow firms to recognize the value of external information, assimilate it, and apply it to commercial ends: national absorptive capacity (NAC). After presenting the framework, the author discusses a recent Danish innovation and technology policy exercise, the Resource Area Analysis (RAA), to illustrate the relevance of the approach.