By Alexander Gerybadze, Ulrich Hommel, Hans W. Reiners, Dieter Thomaschewski

Research and improvement (R&D) in addition to innovation are the drivers of switch and the main determinants of progress in lots of and repair sectors. inspite of the monetary turmoil and restructuring of the area economic climate after 2008, funding in R&D is predicted to develop additional. Innovation competence will remain an enormous luck issue for the world over working companies.

The e-book provides a state of the art account of innovation administration and the position of R&D and innovation procedure for company progress and renewal. It follows a top-down technique ranging from company process, and describes the powerful integration of company R&D, company unit tasks and operational functionality advancements. The booklet bargains images of top innovators and high-performing firms and gives a wealthy number of best-practice examples.

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14 An excellent example can be found in the chapter on innovation at Trumpf by Körber, Buchfink and Völker in this volume. R&D, Innovation and Growth 25 5 Managing the Dual Cycle of Innovation The model of innovation outlined above (in Figs. 2 and 3) needs to be complemented by a dual cycle of innovation that we often observe in highly innovative companies. Inducements to innovation come from demanding customers and complementary goods manufacturers as well as from service firms, which often stimulate corporations to think about and develop appropriate new solutions.

31 32 34 36 38 40 41 42 42 44 45 46 1 Introduction Siemens1 is a multinational electronics and electrical engineering company operating in the sectors industry, energy and healthcare.

Our employees’ other capabilities include technological leadership, business and industry expertise, international experience, and networking and communication skills. Given these highly skilled people, corporate technology also serves as a source for technology management candidates for the Siemens businesses. In addition to this close link between Corporate Technology and the businesses, there is also an expectation that careers will cross unit borders. These practices lead to the most efficient way of creating a business impact from research results.

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