The central question of this book deals with the issue how knowledge that is newly generated within the scientific … system can be applied within the economic system of an economy. Knowledge is the basis for innovations and innovations are … the engine for economic development, prosperity and finally growth. The economic application of new knowledge normally …

ABSTRACTCompetitive pressure and desire for success drive enterprises in general to involve in knowledge acquisition … world. In addition, with the increased mobility of information and the global labour force, knowledge and experience can be … improvements overnight. Therefore, the only comparative advantage a particular company will face will be its process of innovation …