2006•Management today/Management TodayRequires access
How innovative are South African firms
Retha Scheepers
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Abstract
Extracted from text ... I
How innovative
are South African firms?
38 Management Today April 2006
It has been widely acknowledged that innovation
is of great importance for economic
growth and job creation. As early as
in the 1950s, Nobel Prize winning economist,
Robert Solow, showed that only half
of economic growth can be accounted for
by increases in capital and labour growth.
He attributed the other half - now called
the 'Solow residual' - to technological innovation.
Today academics and the popular business
press tell us that we are living in a
new age with a new economy. In this new
economy, ..