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Glossary

Glossary

Absorptive capacity

the ability of a firm to recognize, assimilate, value, or make productive use of new information such as research discoveries or new manufacturing methods. Absorptive capacity is seen as a function of internal expertise; where firms' internal capabilities ob-solesce, they may be unable to make use of others' discoveries, or even recognize their importance.



Action agendas

programs to develop joint industry– government initiatives in specific sectors.




  

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