Increasing competition at product, firm, and industry level makes it more and more important to be able to develop new products and – at the same time – develop the necessary new technologies for producing those new products. In this paper we shall take a look at how four firms go about...

The need for firms to become more innovative has probably never been greater. Today concepts such as the new economy, new technologies, hyper‐competition and clock speed are used to explain that the dynamics of competition and markets has never been greater. Thus, there is a large focus on the...