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This title explores how knowledge and service intensive companies can thrive on innovation and entrepeneurship in the ICT sector. It applies new theoretical insights from strategy and organization theory, and includes case studies of 30 European service companies. These case studies address the key innovation issues and present answers as to why a constant search for innovation improves firms' competitive position. The key success factors are identified together with those differences that define the frontrunners who are able to turn new ideas into profit. With its mix of academic insights, managerial practices and implementations, this book benchmarks company performance in innovation and develops new theoretical strategy insights including: resource-based ideas like path dependency, the role of technological stock and flows of resources.