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 vast majority of small and medium-sized enterprises (SMEs) across EU and OECD regions are medium-to-low-tech firms, and by far the main type of innovation that SMEs undergo can be described as incremental innovations whereby small changes in processes or management procedures are ongoing...

In today’s uncertain and complex business environment, supply chain strategy is playing an important role in the success of a firm’s product and market growth strategy. In this paper, we present a framework depicting interactions between supply chain strategy and design, product design and...