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Investment Policy and Innovation Management: An Exploratory Analysis

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Innovative Behaviour in Space and Time

Part of the book series: Advances in Spatial Science ((ADVSPATIAL))

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Abstract

An innovation cannot be recognized, adopted or spatially diffused until it is made ‘public’. The most common way an innovation is made ‘public’ is by bringing it to the market. This process of innovation is increasingly made possible within a context of continuous research and development (R&D). A new idea or invention is designed, tested, costed out and prototyped, benchmarked, examined for scaled up production and evaluated in terms of market acceptability before it is finally offered to the public. Such a procedure requires financial investment at an early stage of the product development cycle. This investment is made in an atmosphere of significant uncertainty and it is the purpose of each stage of the development process to systematically reduce this uncertainty as much as possible.

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Authors
  1. Kingsley E. Haynes
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  2. Fred Y. Phillips
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  3. Nitin S. Pandit
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  4. Carlos R. Arieira
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Editor information

Editors and Affiliations

  1. Dipartimento di Scienze e Tecniche per i Processi di Insediamento, Politecnico di Torino, viale Mattioli 39, I-10125, Torino, Italy

    Cristoforo S. Bertuglia

  2. Dipartimento di Pianificazione Territoriale ed Urbanistica, Università di Roma “La Sapienza”, via Flaminia 70, I-00197, Roma, Italy

    Silvana Lombardo

  3. Department of Spatial Economics, Free University, De Boelelaan 1105, NL-1081 HV, Amsterdam, The Netherlands

    Peter Nijkamp

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© 1997 Springer-Verlag Berlin Heidelberg

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Haynes, K.E., Phillips, F.Y., Pandit, N.S., Arieira, C.R. (1997). Investment Policy and Innovation Management: An Exploratory Analysis. In: Bertuglia, C.S., Lombardo, S., Nijkamp, P. (eds) Innovative Behaviour in Space and Time. Advances in Spatial Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-60720-2_13

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  • DOI: https://doi.org/10.1007/978-3-642-60720-2_13

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-64524-2

  • Online ISBN: 978-3-642-60720-2

  • eBook Packages: Springer Book Archive

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