Why do some country’s hi-tech firms innovate better than others? Why did hi-tech firms from the United States outperform such Japanese companies in the 1990s? Through a wealth of empirical evidence, the book compares the development trajectory of manufacturing technology and information...

Despite intensive efforts aiming at substituting oil with technology-driven new energy, i.e. primarily with renewable energy, a limited amount of renewable energy has become practically utilized. In response to increasing concerns of the global environmental consequences of CO2 discharge...

Current uncertain business circumstances mean that a careful assessment of the profitability of industry's R&D investment has become critical. This paper develops a practical computer model for the simultaneous measurement of the service price of technology and internal rate of return to R&D...

Purpose – A virtuous cycle between effective utilization of external resources and functionality development can be constructed. Given that the timely emergence of new functionality in an efficient way is crucial to a firm's competitive strategy in an era of mega‐competition, construction of...

Contrary to its highest R&D intensity, Japan has dramatically decreased its productivity in the 1990s. This can be attributed to a low marginal productivity of technology. Such a productivity decrease compels a delay in R&D, which results in reduced R&D productivity leading to a vicious cycle...