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Kismet before Karma - the case for recognising an intermediate step in the journey towards Smart Specialisation

Louisa Huxtable-Thomas Orcid Logo

Proceedings of the 17th interdiscplinary european conference on entrepreneurship research, Utrecht, Netherlands.

Swansea University Author: Louisa Huxtable-Thomas Orcid Logo

Abstract

This paper examines the origins of a Medical Technologies cluster in Wales and seeks to determine whether it is smart specialisation as defined by Foray et al (2009). This altered perspective results in a case for an intermediate step before entrepreneurial discovery. Smart Specialisation is describ...

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Published in: Proceedings of the 17th interdiscplinary european conference on entrepreneurship research, Utrecht, Netherlands.
Published: Utrecht, Netherlands 17th Interdisciplinary European Conference on Entrepreneurship Research 2019
URI: https://cronfa.swan.ac.uk/Record/cronfa51385
first_indexed 2019-08-12T21:27:46Z
last_indexed 2021-01-08T04:15:24Z
id cronfa51385
recordtype SURis
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spelling 2021-01-07T12:43:54.9451859 v2 51385 2019-08-12 Kismet before Karma - the case for recognising an intermediate step in the journey towards Smart Specialisation 35e6a4c9432210aad639b70129baebab 0000-0002-3642-4521 Louisa Huxtable-Thomas Louisa Huxtable-Thomas true false 2019-08-12 CBAE This paper examines the origins of a Medical Technologies cluster in Wales and seeks to determine whether it is smart specialisation as defined by Foray et al (2009). This altered perspective results in a case for an intermediate step before entrepreneurial discovery. Smart Specialisation is described as a region setting the innovation policy it deserves based on its resources, scale, and scope (Karma), what has happened in south Wales is instead dubbed ‘Responsive Interventionism’ (RI) and describes the timely and responsive creation of interventions over an extended historic timeframe that, when viewed retrospectively over a three to five year horizon, appear to be the lucky coincidence (Kismet). As well as identifying the fundamental elements of the theory, and introducing RI as an intermediate step, this study provides further empirical evidence for the increasingly expressed view (Davies et al, 2018; EC, 2014) that the timeframe for evaluation of interventions, and by extension the time horizon for associated policies in Wales, is a quarter of what it needs to be. Conference Paper/Proceeding/Abstract Proceedings of the 17th interdiscplinary european conference on entrepreneurship research, Utrecht, Netherlands. 17th Interdisciplinary European Conference on Entrepreneurship Research Utrecht, Netherlands Entrepreneurship, innovation, smart specialization, regional innovation, knowledge spillover, MedTech. 16 10 2019 2019-10-16 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University 2021-01-07T12:43:54.9451859 2019-08-12T17:24:56.8081753 Faculty of Humanities and Social Sciences School of Management - Business Management Louisa Huxtable-Thomas 0000-0002-3642-4521 1
title Kismet before Karma - the case for recognising an intermediate step in the journey towards Smart Specialisation
spellingShingle Kismet before Karma - the case for recognising an intermediate step in the journey towards Smart Specialisation
Louisa Huxtable-Thomas
title_short Kismet before Karma - the case for recognising an intermediate step in the journey towards Smart Specialisation
title_full Kismet before Karma - the case for recognising an intermediate step in the journey towards Smart Specialisation
title_fullStr Kismet before Karma - the case for recognising an intermediate step in the journey towards Smart Specialisation
title_full_unstemmed Kismet before Karma - the case for recognising an intermediate step in the journey towards Smart Specialisation
title_sort Kismet before Karma - the case for recognising an intermediate step in the journey towards Smart Specialisation
author_id_str_mv 35e6a4c9432210aad639b70129baebab
author_id_fullname_str_mv 35e6a4c9432210aad639b70129baebab_***_Louisa Huxtable-Thomas
author Louisa Huxtable-Thomas
author2 Louisa Huxtable-Thomas
format Conference Paper/Proceeding/Abstract
container_title Proceedings of the 17th interdiscplinary european conference on entrepreneurship research, Utrecht, Netherlands.
publishDate 2019
institution Swansea University
publisher 17th Interdisciplinary European Conference on Entrepreneurship Research
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
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description This paper examines the origins of a Medical Technologies cluster in Wales and seeks to determine whether it is smart specialisation as defined by Foray et al (2009). This altered perspective results in a case for an intermediate step before entrepreneurial discovery. Smart Specialisation is described as a region setting the innovation policy it deserves based on its resources, scale, and scope (Karma), what has happened in south Wales is instead dubbed ‘Responsive Interventionism’ (RI) and describes the timely and responsive creation of interventions over an extended historic timeframe that, when viewed retrospectively over a three to five year horizon, appear to be the lucky coincidence (Kismet). As well as identifying the fundamental elements of the theory, and introducing RI as an intermediate step, this study provides further empirical evidence for the increasingly expressed view (Davies et al, 2018; EC, 2014) that the timeframe for evaluation of interventions, and by extension the time horizon for associated policies in Wales, is a quarter of what it needs to be.
published_date 2019-10-16T07:34:58Z
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