Abstract
:Innovation is the engine of economic growth and competitive advantage. Naturally, understanding the drivers of innovation and creating an environment to promote innovation and technology breakthroughs are of great interest to R&D managers. A body of knowledge has evolved around the geographic agglomeration of firms and the effect of localized knowledge spillovers on innovation. While the existing literature supports the notion that clustering results in increased innovation output, little is known about the specific mechanisms by which knowledge is exchanged in these areas and the dynamics that lead to increased innovation generated by companies operating in such environments. This article discusses knowledge transformation in the innovation process and how it relates to localization. The authors present the results of a survey of inventors in the telecom industry, assessing the factors that influence innovation within and outside technological clusters.
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