Top managers of multinational enterprises are continuously confronted with “make‐or‐buy” decisions. These choices have to be made after corporate strategy has already been determined and the measures to realize the corporate aims have been taken. Elucidates why the decision to make...

Analyses the economic efficiency of innovation under different market conditions within the context of a formal model that represents competitive innovation as the closed loop solution of a dynamic stochastic game in the spirit of Reinganum’s analysis. Goes beyond Reingnaum’s model in its...

In the past 15 years there have been major changes in the conduct of science and technology policy in advanced industrial countries. Recognizing that this is an area where Clem Tisdell has made notable contributions, reviews the recent developments around three themes: the nature of science and...

Introduces the information theoretic or economics of information approach, shows how this relates to innovation and illustrates an example of an information economics model of innovation. Attempts to demonstrate that an information economics perspective, both generally and in the context of a...

Explains that while vast socioeconomic change in today′s competitive climate mean that there is a greater need for a more unified approach to new‐product development, relationships among marketing product management, market research and research and development have deteriorated...

Intro -- Foreword -- Acknowledgments -- Special foreword -- Contents -- 1. Creating success in your own scientific world -- 2. Leading yourself and others in research -- 3. Presenting science: talks, publications, posters, and some ideas on conferences -- 4. Management skills for researchers --...

For those interested in studying the effects of stakeholder theory on organizational performance, the establishment of measures that represent both explicit and implicit claims on the firm’s outputs is vital. While net organizational capital (NOC) has been shown to represent the value of the...

Purpose This study aims to advance and test a multi-dimensional operationalization of absorptive capacity (ACAP) to ascertain its mediating role in the transformation of R&D expenses in actual performance. Design/methodology/approach This study departs from the conceptualization of ACAP as a...

The idea that investors are only interested in short‐term results carries more than a grain of truth. It does, however, begin to look a little bit shaky when the fortunes of DuPont are examined. The US chemical company’s shares are underachievers compared to those of 3M. And it is 3M which...

While time to market was the most critical measure of performance in product development throughout the 1990s, the recent economic downturn has caused a shift in priorities. Today, lowering product development costs is the key focus. To this end, companies are looking for ways to improve R&D and...