Introduction: Managing Innovation in Turbulent Times -- Introduction: Managing Innovation in Turbulent Times -- Innovation and International Strategy -- R&D, Innovation and Growth: Performance of the World’s Leading Technology Corporations -- Technology Strategy for the Corporate Research Center of a Diversified Global Enterprise -- R&D Internationalization in Multinational Corporations: Some Recent Trends -- The Chemical Industry Drives Innovation also in Times of Crisis: BASF as an Example -- The Innovation Premium: Managing for High Return on Innovation -- Innovation in the Interplay of Organization and Culture: The TRUMPF Story -- Growth and Internationalization: Renewable Energy and New Technology-Based Firms -- Efficiency of Innovation Processes in International Enterprises -- Determinants for Failure and Success in Innovation Management -- Innovation Generating and Evaluation: The Impact of Change Management -- Implementing Change Management Successfully – Reinventing an Innovative Corporation: The Bayer Case -- Ambidextrous Leadership in the Innovation Process -- Innovation Through Market Pull and Technology Push in the Heavy Equipment Business: The Voith Case -- Principles of Collaborative Innovation: Implementation of Open and Peer-to-Peer Innovation Approaches -- Managing Open Innovation Networks in the Agriculture Business: The K+S Case -- Capital Markets, Finance and Innovation Performance -- Modern Valuation Approaches for Corporate Innovation Activities -- Value-Based Management of the Innovation Portfolio -- Innovation Performance Measurement -- Accounting for Innovation: Lessons Learnt from Mandatory and Voluntary Disclosure -- Integrated Financing Strategies for Innovation-Based Growth -- Corporate Venture Capital -- Knowledge-Based Financing Strategies for Innovation Output -- The Value Impact of R&D Alliances in the Biotech Industry -- Are Family-Owned Businesses Better Innovators?.

Research and development (R&D) as well as innovation are the drivers of change and the key determinants of growth in many industry and service sectors. In spite of the financial turmoil and restructuring of the world economy after 2008, investment in R&D is expected to grow further. Innovation competence will continue to be a major success factor for internationally operating companies. The book presents a state-of-the-art account of innovation management and the role of R&D and innovation strategy for corporate growth and renewal. It follows a top-down approach starting from corporate strategy, and describes the effective integration of corporate R&D, business unit projects and operational performance improvements. The book offers portraits of leading innovators and high-performing corporations and provides a rich collection of best-practice examples.