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This book represents a continuation of an uninterrupted record of
international research pertaining to high technology small firms
(HTSFs) over a period that has witnessed a rebirth of interest in
the growth problems of the small firm, and is a further addition to
a portfolio of specialist work by academics and practitioners on
the issues facing new technology-based firms (NTBFs).
The book begins with a conceptual overview on the broad theme of
innovation in NTBFs, providing a theoretical perspective on the
problems of innovation at the end of the twentieth century and
setting in context the more specific contributions to follow. A
continuing theme of HTSF research is innovation management, and
seven chapters are included under this heading focusing on topics
such as university spin-out companies and the role of non-executive
directors. The successful management of innovation in NTBFs is
clearly critical to their survival and growth. Another key and
recurrent area of interest to researchers concerned with the
problems of NTBFs is finance, with three chapters here addressing
the funding problems faced by NTBFs during often lengthy periods of
product development. The book concludes with a set of contributions
which deal with the increasingly important issues of clustering and
location as they affect NTBFs.
The chapters included in this book represent a strong set of themes
indicative of what key workers in the area of NTBF development are
thinking at the turn of the millennium. These issues of effective
management, funding and networking are key themes that will
continue in the new millennium.
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