Pathways to Value - How UK firms can create more valueusing innovation strategically

Improving the UK’s competitive position has become a matter ofnational importance. The DTI Review of UK Manufacturing Policy,published in July 2004, stressed the need for the UK to become ahigh value economy1. Previous studies including the Porter Reportand the DTI Innovation Report2 3 also emphasised the importanceof innovation for UK firms to make the transition from competingon the basis of costs to competing on the basis of value.As part of its ongoing Innovation Review, the DTI asked a group of AIM Scholarsto examine how firms in the UK can create more value. This report is a summaryof our findings. It addresses issues that go to the heart of improving the UK’scompetitive position.[...]