Europe is waking up to the challenge of technology and innovation. We see EU commitment to spend 3 per cent of GDP on R&D, but who is thinking about how to spend? Who is thinking about technology management? Does the corporate board have the means to manage this spend? Should some percentage of the R&D be spent on improving technology and innovation management? This is where this book makes a contribution. It brings together the latest practice, research findings and thinking, presented in a way that addresses top management requirements. The goal is to secure the economic future of the firm, in the context of a sustainable industry and society. Using the ideas and methods in this book, the board can assess and improve its own ability to deal with the challenge of technology and innovation. The principal collaborators on this project are: THOMAS DURAND Ecole Centrale, Paris, France OVE GRANSTAND Chalmers University of Technology, Sweden CORNELIUS HERSTATT Technical University Hamburg-Harburg, Germany ARIE NAGEL Eindhoven University of Technology, The Netherlands DAVID PROBERT Cambridge University, UK BREFFNI TOMLIN University College Dublin, Ireland HUGO TSCHIRKY Swiss Federal Institute of Technology, Zurich MARKET 1: Academics and researchers interested in technology, strategy and management techniques. Libraries. MARKET 2: Managers and board members dealing with the challenge of technology.