Abstract
Abstract Contemporary the concept of global value system extensively elaborated by scientist and applied by practices in the fields of management, economics and politics. The aim of this article is to provide the theoretical background and evolution of the global value system methodological approach from the global strategy management perspective. The technologies are considered as the main source of added value. Therefore the main scholars of technologies strategic management are provided in the article, though in the global value system concept it is implied that the source of added value originates from the allocation of added value activities across borders. Recently scholars analyse various sources for the added value upgrading, though critics of global value chain concept emphasise that besides economic added value, social issues should be considered.
Highlights
The role of technologies in the globalisation of the economy is widely discussed in academic literature, though the peculiarities of technology management are still vague
The main scholars of technologies strategic management are provided in the article, though in the global value system concept it is implied that the source of added value originates from the allocation of added value activities across borders
In many countries governments supporting the effort of R&D in high-tech industries as well as wide array of joint R&D strategic alliances, the technological innovation system (TIS) concept was introduced especially for explanation of firm strategies, evaluation of their ability to develop new technologies and recommendations for innovation policies (Bergek et al, 2015)
Summary
The role of technologies in the globalisation of the economy is widely discussed in academic literature, though the peculiarities of technology management are still vague. Epidemic model is built on the presumption that diffusion happens too slowly because the social structures affect technology transmission rather than the strategic settings of the firm. This simplification ignores the important fact that decisions are made by individuals (firms). In many countries governments supporting the effort of R&D in high-tech industries as well as wide array of joint R&D strategic alliances, the technological innovation system (TIS) concept was introduced especially for explanation of firm strategies, evaluation of their ability to develop new technologies and recommendations for innovation policies (Bergek et al, 2015). The complexity of spatial dimension raises the question about the suitability of innovation systems models for the further scientific research, though other authors argue that it is possible to adopt the innovation systems changing the concepts, mainly converging the various innovation systems to global innovation systems and functional value systems, like multi-scalar attitude proposed by Binz and Truffer (2017)
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