Recipe for novelty: academia, venture capital and business blended together

A great book from John Padgett and Walter W. Powell about how new organizational forms emerge. They gathered cases and research from their extensive research careers together with new cases and work from other researchers.

The famous research of Florentine historical family networks by John Padgett is now seamlessly tied into the theoretical lessons learnt from the new academic biotechnology venturing and bio-pharmaceutical business clusters in the U.S.

To understand how new markets and business clusters emerge, and how new institutional forms take off, it is  a good idea to take a look at this book. I really loved the lecture about the book; there were many small details that makes the whole story vivid and useful.

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Filed under Academia, Organizations & Sociology

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