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.
Edited by John Bessant, Professor of Innovation and Entrepreneurship, University of Exeter, UK, University of Erlangen-Nuremburg, Germany and University of Stavanger, Norway and Tim Venables, Strategic Research Manager, Imperial College Business School, London, UK
Contents: 1. Introduction John Bessant and Tim Venables PART I: CONTEXT 2. Science and Technology in the UK Pablo D'Este and Andy Neely 3. How Open is Innovation? Linus Dahlander and David Gann 4. Innovation Policy as Cargo Cult: Myth and Reality in Knowledge-led Productivity Growth Alan Hughes 5. New Innovation Models and Australia's Old Economy Mark Dodgson and John Steen 6. Evolution of UK Government Support for Innovation Tim Minshall PART II: FIRM DEVELOPMENT THROUGH KNOWLEDGE 7. Entrepreneurship in the Knowledge Economy Erik Stam and Elizabeth Garnsey PART III: CONNECTING FOR INNOVATION 8. Sustaining Breakthrough Innovation in Large Established Firms: Learning Traps and Counteracting Strategies Simone Ferriani, Elizabeth Garnsey and David Probert 9. Search Strategies for Discontinuous Innovation John Bessant and Bettina von Stamm 10. Accelerating Diffusion Amongst Slow Adopters Richard Adams and John Bessant 11. Understanding and Overcoming Resistance to Innovation Sue Morton and Neil Burns PART IV: WEALTH FROM KNOWLEDGE 12. How Firms Source Knowledge from Universities: Partnering versus Contracting Markus Perkmann and Kathryn Walsh 13. What are the Factors that Drive the Engagement of Academic Researchers in Knowledge Transfer Activities? Some Reflections for Future Research Pablo D'Este and Andy Neely 14. Exploring the Role of Geographic Proximity in Shaping University-Industry Interaction Kate Bishop, Toke Reichstein and Ammon Salter 15. Enhancing the Flow of Knowledge to Innovation: Challenges for University-based Knowledge Transfer Systems Hossein Sharifi, Weisheng Liu, B. McCaul and Dennis Kehoe 16. Enabling Information Infrastructures and Technologies Roula Michaelides and Dennis Kehoe 17. Conclusion John Bessant and Tim Venables Index