Innovation - in products and processes - is an increasingly
significant source of competitive advantage for firms and nations.
Analysing extensive data on major innovations in the UK, this book
examines the role of innovative activity in the structure of
markets and the performance of firms. From this the author draws
lessons on strategies for innovation for governments and firms
alike. In particular, he addresses four questions which have long
attracted the interst of economists: - does the structure of
product markets affect the pace of innovative activity? - what are
the effects of innovative activity on market structure? - how large
a contribution does innovative activity make to productivity
growth? - how does innovative activity affect corporate
performance? In answering these important questions the author
draws lessons for makers of public and business policy towards
innovation.
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