In open and dynamic markets, only innovation can give a firm a competitive
advantage and with it the superior cash flows that generate value. This book offers a new
conceptual structure and applicable analytical models for evaluating a firm’s innovation
strategies in highly competitive environments and for estimating firm value.
Using analytical models, Angelo Dringoli examines the conditions under which
innovation strategy can create and maintain value, based on different environmental
dynamics. Quantitative models are used to determine the value of innovation strategies in
highly dynamic and competitive industries. These clearly reveal the economic variables and
relations upon which the strategy depends, and the conditions for creating sustainable
value within the firm.
This stimulating integrated analysis will appeal to researchers and postgraduate students
with an interest in economics, finance and business administration, as well as managers
and professionals involved in strategic management and firm evaluation.
Angelo Dringoli, Faculty of Economics, University of Siena, Italy
Contents:
Preface
1. The Value of the Firm in Highly Competitive Industries
2. Main Determinants of Operating Cash Flows
3. Fundamental Environment Trends and Innovation Strategies
4. Creating Value through Process Innovation Strategies
5. Creating Value through Product Innovation Strategies
6. Creating Value through Integrated Innovation Strategies
7. Designing the R&D System of Innovation
8. The Sustainability of Value in Highly Competitive Industries
References Index
224 pages, Hardcover