Simonen, J, Herala, J, Svento, R. Creative destruction and creative resilience: Restructuring of the Nokia dominated high‐tech sector in the Oulu region. Reg Sci Policy Pract. 2020; 12: 931– 953. https://doi.org/10.1111/rsp3.12267
Creative destruction and creative resilience : restructuring of the Nokia dominated high‐tech sector in the Oulu region
|Author:||Simonen, Jaakko1; Herala, Johannes2; Svento, Rauli1|
1Oulu Business School, University of Oulu, Finland
2Helsinki-Uusimaa Regional Council, Finland
|Persistent link:|| http://urn.fi/urn:nbn:fi-fe202102013349
John Wiley & Sons,
|Publish Date:|| 2022-01-22
The Oulu region, a globally recognized hub of mobile technology development in Northern Finland, provides a textbook example of how the various features of an innovation ecosystem can cause serious problems for regional development when a region faces a shock. The Oulu region is also an interesting example of how the effects of shock can be alleviated through creative actions and effective regional policy. In this paper, we develop a framework for analysing resilience using creativeness as the key element. We contribute to the literature by showing how this framework can be used in the operation and management of the regions hit by creative destruction types of shocks. We argue that the dynamic process that Oulu has gone through, in which obsolete and unproductive business activities have been replaced by new fields of technology and knowledge, can clearly be compared in many ways with Schumpeter’s description of “creative destruction.” We call this dynamic process creative resilience. We identify three elements as the core of creative resilience; knowledge creation, entrepreneurship and community spirit. Our paper will show how they materialized in the Oulu region.
Regional science policy & practice
|Pages:||931 - 953|
|Type of Publication:||
A1 Journal article – refereed
|Field of Science:||
Additionally, the research is connected to the GenZ‐project, a strategic profiling project in human sciences at the University of Oulu. The project is supported by the Academy of Finland (project number 318930) and the University of Oulu.
© 2020 The Author(s). Regional Science Policy and Practice © 2020 RSAI. This is the peer reviewed version of the following article: Simonen, J, Herala, J, Svento, R. Creative destruction and creative resilience: Restructuring of the Nokia dominated high‐tech sector in the Oulu region. Reg Sci Policy Pract. 2020; 12: 931– 953, which has been published in final form at https://doi.org/10.1111/rsp3.12267. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.