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research / germany
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Taking a closer
look, we can identify the first roots of the discussion of the so-called organizational competences. The roots of the most recently up and coming competence-based view are marked by grey dots. A competence itself is a construct which is highly relevant to economic
progress in the developing countries. The term “adapted technology” is used quite
frequently when solutions for developing countries are addressed. To make such
adaptations, instead, is a quite subtle matter which requires the availability of
competences of the acting persons, groups and organizations. Such a competence,
however, is dispersed asymmetrically in international competition. It is a matter of course
that economic actors from Africa have – in particular facing the available body of
knowledge – a specific and indispensable profile in order to arrange these adaptations. At
least as parts of respective technology developments such African firms are of invaluable
importance. In the late 19th century a new discussion started when some people introduced the entrepreneur as a risk-taker and simultaneously as an arbitrageur. It is
worth mentioning that this people belong to the driving forces of thinking in terms of
arbitrage options in the context of entrepreneurship. However it was up to the so-called
“Modern Austrian Economics” to put this thoughts into a more cohesive and
comprehensive whole.
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