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Introduction

In: Post-Innovation Performance

Author

Listed:
  • Luke Georghiou
  • J. Stanley Metcalfe
  • Michael Gibbons
  • Tim Ray
  • Janet Evans

Abstract

This book is based upon a totally non-controversial assumption: industrial competitiveness depends on a process in which new products and processes are continually introduced, improved and replaced. The effects of this are seen clearly not only in the familiar pattern of industrial growth and decline but also in the changing patterns of employment as new skills are created and old ones become redundant. Competitiveness is often described in terms of the metaphor of a race. So there are industrial leaders and followers, new entrants and dropouts, winners and losers but in international competitiveness the race is a long one and the problem for the industrial long-distance runner is not loneliness but the need to keep pace with and perhaps occasionally overtake the pack of competitors. It is well known that athletic success depends on having the right mental preparation. So it is with firms. Those which succeed will not only carefully react to their competitors’ initiatives, but also develop strategies which will give them flexibility to move into a controlling position at various stages of the race.

Suggested Citation

  • Luke Georghiou & J. Stanley Metcalfe & Michael Gibbons & Tim Ray & Janet Evans, 1986. "Introduction," Palgrave Macmillan Books, in: Post-Innovation Performance, pages 1-6, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07455-6_1
    DOI: 10.1007/978-1-349-07455-6_1
    as

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