Chapter

Innovation Capabilities and Skill Formation

Michael H. Best

in The New Competitive Advantage

Published in print July 2001 | ISBN: 9780198297451
Published online November 2003 | e-ISBN: 9780191595967 | DOI: http://dx.doi.org/10.1093/0198297459.003.0004
Innovation Capabilities and Skill Formation

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Industrial innovation involves the integration of R&D including basic, developmental, and applied research with production. Three models are contrasted: science‐push, incremental, and regional or open‐systems. Industrial innovation depends upon a corresponding skill‐formation process involving both visible and invisible colleges. The education system supplies the technical labour force to convert innovation into regional growth. The technology diffusion process that underpins regional growth is mediated by engineering curricula to scale up the output of graduates with the requisite technical skills. Rapidly growing regions depend upon manpower development planning to synchronize the supply of technically skilled labour with the growth of technologically advancing firms.

Keywords: education; engineering curricula; innovation; invisible college; labour force; manpower development planning; R&D; regional growth; skill formation; technology diffusion

Chapter.  8954 words.  Illustrated.

Subjects: Economic Systems

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