The dramatic explosion of information, communication and transportation technologies in the last two decades have opened new vistas for industrial and new business development. It is widely recognized that the business paradigms that prevailed during the Industrial Revolution are giving way to new paradigms dictated by the information age, the knowledge age, and the Technology Revolution which we are currently witnessing. This will require us to examine theories and practices used for the creation of wealth and prosperity. The International Association for the Management of Technology is the...

New developments in bio- and nanotechnologies and also in information and communication technologies have shaped the research environment in the last decade. Increasingly, highly educated experts in R&D departments are collaborating with scientists and researchers at universities and research institutes to develop new technologies. Transnational companies that have acquired various firms in different countries need to manage diverse R&D strategies and cultures. The new knowledge-based economy permeates across companies, universities, research institutes and countries, creating a...