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Creating Wealth from Knowledge

Meeting the Innovation Challenge Edited by John Bessant, Professor of Innovation and Entrepreneurship, University of Exeter, UK, University of Erlangen-Nuremburg, Germany and University of Stavanger, Norway and Tim Venables, Strategic Research Manager, Imperial College Business School, London, UK
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.
Extent: 416 pp
Hardback Price: $168.00 Web: $151.20
Publication Date: 2008
ISBN: 978 1 84720 348 9
Availability: In Stock
Paperback Price: $68.00 Web: $54.40
Publication Date: 2010
ISBN: 978 1 84980 618 3
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  • Business and Management
  • Knowledge Management
  • Organisational Innovation
  • Innovation and Technology
  • Innovation Policy
  • Knowledge Management
  • Organisational Innovation
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 contributors explore the implications of the changing twenty-first century context of networked, global and increasingly open innovation – a world in which knowledge flows become as important as knowledge creation. In so doing, they address four key questions: what is the context within which innovation occurs in the UK? How do new firms form on the basis of knowledge and its deployment? How do established firms access and use knowledge to improve their current activities and generate new directions? What technical and organizational infrastructures enable these activities?

Drawing out lessons for future research, this book will be of great interest to academics concerned with science and innovation policy and its implementation. Managers and policy makers involved in innovation and technology strategy, and with developing responses to new challenges such as ‘open innovation’, will also find much to interest them within this book.
Contributors: R. Adams, J. Bessant, K. Bishop, N. Burns, L. Dahlander, P. D’Este, M. Dodgson, S. Ferriani, D. Gann, E. Garnsey, A. Hughes, D. Kehoe, W. Liu, B. McCaul, R. Michaelides, T. Minshall, S. Morton, A. Neely, M. Perkmann, D. Probert, T. Reichstein, A. Salter, H. Sharifi, E. Stam, J. Steen, T. Venables, B. von Stamm, K. Walsh
Contents:

1. Introduction
John Bessant and Tim Venables

PART I: CONTEXT
2. Science and Technology in the UK
Pablo D’Este and Andy Neely

3. How Open is Innovation?
Linus Dahlander and David Gann

4. Innovation Policy as Cargo Cult: Myth and Reality in Knowledge-led Productivity Growth
Alan Hughes

5. New Innovation Models and Australia’s Old Economy
Mark Dodgson and John Steen

6. Evolution of UK Government Support for Innovation
Tim Minshall

PART II: FIRM DEVELOPMENT THROUGH KNOWLEDGE
7. Entrepreneurship in the Knowledge Economy
Erik Stam and Elizabeth Garnsey

PART III: CONNECTING FOR INNOVATION
8. Sustaining Breakthrough Innovation in Large Established Firms:
Learning Traps and Counteracting Strategies
Simone Ferriani, Elizabeth Garnsey and David Probert

9. Search Strategies for Discontinuous Innovation
John Bessant and Bettina von Stamm

10. Accelerating Diffusion Amongst Slow Adopters
Richard Adams and John Bessant

11. Understanding and Overcoming Resistance to Innovation
Sue Morton and Neil Burns

PART IV: WEALTH FROM KNOWLEDGE
12. How Firms Source Knowledge from Universities: Partnering versus Contracting
Markus Perkmann and Kathryn Walsh

13. What are the Factors that Drive the Engagement of Academic Researchers in Knowledge Transfer Activities? Some Reflections for Future Research
Pablo D’Este and Andy Neely

14. Exploring the Role of Geographic Proximity in Shaping University–Industry Interaction
Kate Bishop, Toke Reichstein and Ammon Salter

15. Enhancing the Flow of Knowledge to Innovation: Challenges for University-based Knowledge Transfer Systems
Hossein Sharifi, Weisheng Liu, B. McCaul and Dennis Kehoe

16. Enabling Information Infrastructures and Technologies
Roula Michaelides and Dennis Kehoe

17. Conclusion
John Bessant and Tim Venables

Index