§16§The art of managing innovative companies is disclosed in this unique book which resulted from the first common EU-MITI project. The Company of the Future will need new management tools in order to meet four essential requirements: The first three are to redirect the attention of management to the internal challenges, to reveal problems well before final financial data are available, and to integrate basic management concepts from all business functions (marketing, R〓04§1 General Framework and Concepts.- 1 Introduction.- 2 The Development Phases of Industry.- 3 World Economics and Corporate Growth.- 4 General Strategy, Relevant Knowledge, and Corporate Structure.- 5 The Production Function of R〓04§ticities.- 2Integration of Industrial Research with the Scientific Environment.- 3Conclusions and Recommendations.- References.- 3 The System Company.- 1Definition of a System Company.- 2Technology Management within a System Company.- 3System Integration.- 4Some Examples of System Companies.- 5Decisions within SC Management.- 6The Changing Boundaries of a System Company.- 7Conclusions and Recommendations.- References.- 4 Technology Management in the 'Company of the Future'.- 1 Introduction.- 2 Mission of the Company of the Future in the 21st Century.- 3 Key Management Indices and their Optimum Balance.- 4 Resource Allocation for R〓04§Intellectual Property, Research, and Development.- 3 The Example of Sumitomo Electric Industries Ltd.- 4 Conclusions and Recommendations.- Reference.- 6 Accountability of Technology.- 1 The Need for New Accounting Systems.- 2 Current Accounting Practices for R〓13§"This is a challenging book about the likely shape of companies in the 21st century." (David T. Thompson)
