No 2020/14 How do you design an experimental economy?

Abstract

How do you design an organization, an innovation system made up of multiple organizations, or a whole economy to encourage entrepreneurial experimentation? We know a good deal about entrepreneurial experimentation when it comes to individuals and firms (organizations), much less concerning innovation systems and even less for whole economies. The purpose of the paper is (1) to briefly examine the organization of entrepreneurial activity at three of the world’s largest and most innovative companies (Amazon, Apple, and Google), and (2) to explore the extent to which the findings at the corporate level can be applied at the more general innovation system (meso) and economy (macro) levels.