Originally published in 1993 this book presents the findings of 14 teams involved in a research initiative to examine the initiation and resonse to innovation in firms. It draws together the many strands which were discovered to influence the successful generation and adoption of new technologies. The core issues in technology management are looked at, including skills and expertise, markets and marketing, finance and the issue of technology collaboration both on a domestic and international basis. Technology is shown to be at the very heart of corporate strategy and policy formation.

Originally published in 1993 this book presents the findings of 14 teams involved in a research initiative to examine the initiation and resonse to innovation in firms. It draws together the many strands which were discovered to influence the successful generation and adoption of new technologies. The core issues in technology management are looked at, including skills and expertise, markets and marketing, finance and the issue of technology collaboration both on a domestic and international basis. Technology is shown to be at the very heart of corporate strategy and policy formation.

Why do firms in high technology industries cluster at particular locations? The authors examine whether firms grow faster at such locations, and whether disproportionately more new firms are created in clusters. They compare the clustering process in the UK and the US in both computing and biotechnology, and investigate the policy implications.

The impact of technological change on market structure can be much more drastic than that of traditional sources of competition, such as price. However, the analysis of such change is derived from two discrete perspectives: economics and organizational behaviour. In this study, these two traditions are brought together. The authors present an economic analysis of technological change and market structure, and an organizational strategy towards technological change and corporate structure. In a radical departure from tradition, the connections between technological change and market structure cannot be properly understood without appreciating the role of firms' strategic visions. It also shows that direct measurement of the rate of technological change (as opposed to traditional, indirect measures like patent counts and R&D expenditure) is essential if changes in market structure are to be understood. Theoretical arguments are developed through case studies of some of the most innovative and fast moving industries in the world, including software, micro-processors and biotechnology.