Executive Summary Innovation is highly important to the competitiveness and productivity levels of advanced capitalist economies. It has long been recognized that innovation is a key motor of economic change, as it stimulates intense forms of competition. New products command a premium price, and as others seek to replicate those innovations to improve their own products, those innovations diffuse widely into the economy, increasing general well-being. Innovation is partly about new products, but more importantly, …
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showed last 75 words of 2691 total
…to firms about other services available which may be of value Exchanging experiences between firms, and helping weaker firms learn from exemplars, and Learning about innovation as a business process to improve their advisories capacity. 8 References Burke, Alexander (1991, December). Business Support Systems: pgs 45-55. Evans, J. S. (1999, May). Getting the most out of your Business: pgs 22-25. Schneider, Sharon (1997, September). U.K. Statistics and the Economy: pgs 120-126 Thomas, Beverly (1994, June). Innovative Businesses: Pgs 10-26