The outsourcing of innovation activities, geographic clustering of firms, and mobility of labor each allow knowledge to circulate within industries. This study investigates knowledge spillover mechanisms' effects on industry innovativeness and profit, and how these effects change with the level...

Many executives see innovation as an unmanageable process, riddled with risks. The research we conducted with the Industrial Research Institute, interviewing over 200 vice-presidents of research and development and chief technical officers in many sectors around the world, yields a more nuanced...