- List of Figures
- List of Tables
- List of Contributors
- Perspectives on Innovation Management
- The Nature of Innovation
- Marketing and Innovation
- Science, Technology, and Business Innovation
- User-driven Innovation
- Networks of Innovation
- Knowledge and the Management of Creativity and Innovation
- Design-Driven Innovation: Meaning as a Source of Innovation
- Brokerage and Innovation
- Sectoral Systems of Innovation
- Innovation Ecosystems: Implications for Innovation Management?
- Markets for Technology
- Capital Markets, Innovation Systems, and the Financing of Innovation
- Consumption of Innovation
- Sustainable Innovation Management
- Managing Social Innovation
- Innovation Management in Japan
- Innovation Management in China
- Technology and Innovation
- Innovation, Strategy, and Hypercompetition
- Business Model Innovation
- Managing Open Innovation
- Collaboration and Innovation Management
- Organizing Innovation
- Human Resource Management Practices and Innovation
- Managing R&D and New Product Development
- Internationalization of Research and Development
- Intellectual Property Rights, Standards, and the Management of Innovation
- Mergers and Acquisitions and Innovation
- Services, Innovation, and Managing Service Innovation
- Innovation and Project Management
- Platforms and Innovation
Abstract and Keywords
This article examines the importance of science and technology in business innovation. It discusses the distinction between scientific research and technology and considers the justifications for government funding and the trade-offs between private and public financing and control of research. It describes science-based industries which are more directly dependent than others upon science for innovation and growth, and highlights the importance of university–industry interactions in business innovation. This article also discusses the challenges for business managers in determining how much science to invest in and perform within the firm, and how much to try to gain through external linkages by means of spillovers, networks, and partnerships.
Maureen McKelvey, Professor, Institute of Innovation and Entrepreneurship, University of Gothenburg.
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