Introduction

Peter J. Buckley and Hafiz Mirza

Chapter 1 in International Technology Transfer by Small and Medium-Sized Enterprises, 1997, pp 1-5 from Palgrave Macmillan

Abstract: Abstract It has long been conventional to distinguish between invention (the idea creating a new product or process) and innovation (the application of the idea in a commercial setting). The process of commercialising technology is now seen as a much more complicated process, involving technical feasibility testing, commercial development and design as well as other issues. Technological development is a continuous, dynamic process and constant reinvestment in updating technology is essential.

Keywords: Foreign Direct Investment; Host Country; Technology Transfer; Multinational Enterprise; Multinational Firm (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25686-0_1

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DOI: 10.1007/978-1-349-25686-0_1

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