This book illustrates that, although innovation has always mattered
in economic development, simply increasing expenditure in creating
knowledge may not be the answer: we need to look at the whole
system through which such knowledge translates to value creation.
The contributors explore the implications of the changing
twenty-first century context of networked, global and increasingly
open innovation - a world in which knowledge flows become as
important as knowledge creation. In so doing, they address four key
questions: what is the context within which innovation occurs in
the UK? How do new firms form on the basis of knowledge and its
deployment? How do established firms access and use knowledge to
improve their current activities and generate new directions? What
technical and organizational infrastructures enable these
activities? Drawing out lessons for future research, this book will
be of great interest to academics concerned with science and
innovation policy and its implementation. Managers and policy
makers involved in innovation and technology strategy, and with
developing responses to new challenges such as 'open innovation',
will also find much to interest them within this book.
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