Research and development (R&D) as well as innovation are the drivers of change and the key determinants of growth in many industry and service sectors. In spite of the financial turmoil and restructuring of the world economy after 2008, investment in R&D is expected to grow further. Innovation competence will continue to be a major success factor for internationally operating companies.

The book presents a state-of-the-art account of innovation management and the role of R&D and innovation strategy for corporate growth and renewal. It follows a top-down approach starting from corporate strategy, and describes the effective integration of corporate R&D, business unit projects and operational performance improvements. The book offers portraits of leading innovators and high-performing corporations and provides a rich collection of best-practice examples.

Introduction: Managing Innovation in Turbulent Times

Introduction: Managing Innovation in Turbulent Times
Innovation and International Strategy
R&D, Innovation and Growth: Performance of the World's Leading Technology Corporations
Technology Strategy for the Corporate Research Center of a Diversified Global Enterprise
R&D Internationalization in Multinational Corporations: Some Recent Trends
The Chemical Industry Drives Innovation also in Times of Crisis: BASF as an Example
The Innovation Premium: Managing for High Return on Innovation
Innovation in the Interplay of Organization and Culture: The TRUMPF Story
Growth and Internationalization: Renewable Energy and New Technology-Based Firms
Efficiency of Innovation Processes in International Enterprises
Determinants for Failure and Success in Innovation Management
Innovation Generating and Evaluation: The Impact of Change Management
Implementing Change Management Successfully - Reinventing an Innovative Corporation: The Bayer Case
Ambidextrous Leadership in the Innovation Process
Innovation Through Market Pull and Technology Push in the Heavy Equipment Business: The Voith Case
Principles of Collaborative Innovation: Implementation of Open and Peer-to-Peer Innovation Approaches
Managing Open Innovation Networks in the Agriculture Business: The K+S Case
Capital Markets, Finance and Innovation Performance
Modern Valuation Approaches for Corporate Innovation Activities
Value-Based Management of the Innovation Portfolio
Innovation Performance Measurement
Accounting for Innovation: Lessons Learnt from Mandatory and Voluntary Disclosure
Integrated Financing Strategies for Innovation-Based Growth
Corporate Venture Capital
Knowledge-Based Financing Strategies for InnovationOutput
The Value Impact of R&D Alliances in the Biotech Industry
Are Family-Owned Businesses Better Innovators?.