1. Why is innovation so important for firms to compete in many industries?

2. Why do you think so many innovation projects fail to generate an economic return?

3. What traits appear to make individuals most creative? Are these the same traits that lead to successful inventions?

4. Several studies indicate that the use of collaborative research agreements is increasing around the world. What might be some of the reasons that collaborative research is becoming more prevalent?

5. What are some of the reasons that established firms might resist the adoption of a new technology?

6. Are well-established firms or new entrants more likely to a) develop and/or b) adopt new technologies? What are some reasons for your choice?