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Benchmarking against industry averages or high performance organizations can be useful for most companies to improve products and processes, including strategic planning, forecasting marketing trends, and internal operation. Company innovation is also widely recognized as a critical process for company survival and growth. As business globalization and competition increase, company innovativeness has become essential for success. Analyses company innovativeness from a practical perspective, in terms of the activities and mechanisms necessary for companies to seek, evaluate, implement and foster the development of new ideas. The results provide strong empirical evidence that company innovation is a major determinant of company business performance. Because most benchmarking schemes are industry‐specific, focuses on the manufacturing industry. Provides a first attempt at developing an industry‐wide average for company innovativeness which business managers can use to gauge their company’s performance along the various activities required to innovate. Managers can then focus their attention on why their respective organizations vary from the industry averages regarding specific items.

Using the backdrop of an (apparently) extended visit to the West Indies, analogies with key concerns of internal audit are drawn. An unusual and refreshing way of exploring the main themes ‐ a discussion between Bill and Jack on tour in the islands ‐ forms the debate. Explores the concepts of control, necessary procedures, fraud and corruption, supporting systems, creativity and chaos, and building a corporate control facility.

Describes a study reviewing recent histories of new product ideas in order to devise a framework of their sources. Proposes a classification of sources for new product ideas through laboratory, management, company situation, distribution, supplier, consumer, marketplace, foreign products, and government regulations. Surmises that successful innovation requires an understanding of the sources of new ideas, and that the proposed framework is more effective than other paradigms.

This paper addresses the issue of initiating new service development (NSD) projects. The aim of the article is to investigate whether firms use systematic procedures to generate and screen ideas for new services. Utilising a survey of marketing managers in UK service companies, data were collected in the areas of NSD strategy, idea generation and screening. It was found that only half the sample have a formal NSD strategy, idea generation is undertaken on an ad hoc basis and idea screening, although more prevalent, is failing to support the NSD strategy. Management implications and areas for further research are discussed.

Using the backdrop of an (apparently) extended visit to the West Indies, analogies with key concerns of internal audit are drawn. An unusual and refreshing way of exploring the main themes ‐ a discussion between Bill and Jack on tour in the islands ‐ forms the debate. Explores the concepts of control, necessary procedures, fraud and corruption, supporting systems, creativity and chaos, and building a corporate control facility.

The study aims to use netnography to investigate the role of customers' contributions in social networks for NSD purposes.

The study adopted an exploratory case study methodology to conduct a content analysis of customers' contributions in a social network, namely www.mystarbucksidea.com. Netnography was used for data analysis and interpretation.

The findings reveal that online customers' interactions and dialogues enable customers to share and understand the context of using services, which in turn triggers emotions and cognition that help customers to generate and further enhance ideas for new services. Thus, the variety of customers and the sharing of their diverse roles have a positive influence on enabling participants of online social networks to generate new service ideas.

The findings are applicable to the study's context, but future research should try to triangulate and enhance them by conducting studies in other contexts. The findings also provide ideas on how to further investigate the observational learning processes and behavioural impacts taking place amongst customers' interactions within online social networks.

The findings provide several implications showing firms why and how to nurture, develop and moderate online customer interactions to enhance the effectiveness of their NSD processes.

The paper examines the role and the management of customers' contributions in social networks for NSD purposes. The topic has received only limited attention in traditional and online settings. Several suggestions for further research are also provided.

A collection of essays by a social economist seeking to balance economics as a science of means with the values deemed necessary to man′s finding the good life and society enduring as a civilized instrumentality. Looks for authority to great men of the past and to today′s moral philosopher: man is an ethical animal. The 13 essays are: 1. Evolutionary Economics: The End of It All? which challenges the view that Darwinism destroyed belief in a universe of purpose and design; 2. Schmoller′s Political Economy: Its Psychic, Moral and Legal Foundations, which centres on the belief that time‐honoured ethical values prevail in an economy formed by ties of common sentiment, ideas, customs and laws; 3. Adam Smith by Gustav von Schmoller – Schmoller rejects Smith′s natural law and sees him as simply spreading the message of Calvinism; 4. Pierre‐Joseph Proudhon, Socialist – Karl Marx, Communist: A Comparison; 5. Marxism and the Instauration of Man, which raises the question for Marx: is the flowering of the new man in Communist society the ultimate end to the dialectical movement of history?; 6. Ethical Progress and Economic Growth in Western Civilization; 7. Ethical Principles in American Society: An Appraisal; 8. The Ugent Need for a Consensus on Moral Values, which focuses on the real dangers inherent in there being no consensus on moral values; 9. Human Resources and the Good Society – man is not to be treated as an economic resource; man′s moral and material wellbeing is the goal; 10. The Social Economist on the Modern Dilemma: Ethical Dwarfs and Nuclear Giants, which argues that it is imperative to distinguish good from evil and to act accordingly: existentialism, situation ethics and evolutionary ethics savour of nihilism; 11. Ethical Principles: The Economist′s Quandary, which is the difficulty of balancing the claims of disinterested science and of the urge to better the human condition; 12. The Role of Government in the Advancement of Cultural Values, which discusses censorship and the funding of art against the background of the US Helms Amendment; 13. Man at the Crossroads draws earlier themes together; the author makes the case for rejecting determinism and the “operant conditioning” of the Skinner school in favour of the moral progress of autonomous man through adherence to traditional ethical values.

Suggests that the key to success for most European countries in maintaining their position in the world market place is a continuous process of innovation in industry. Looks at the situation in The Netherlands, providing a framework of phases for the product development process. Investigates the innovation process in nine Dutch companies, revealing that product development is poorly structured.

Much research has been dedicated to the screening of new product ideas. Far less is known, however, about how to select the most promising new service ideas. Moreover, the specific characteristics of business services are rarely taken into account. This paper aims to investigate this issue.

Based on an extensive literature review and on a case study in the business‐to‐business information technology industry, this paper therefore develops a screening method with which to assess and select new business service ideas.

The study surprisingly reveals that the customers' view is rarely included into the valuation of new service ideas in management practice, although customer involvement is largely claimed in the literature. The supposition is that customer involvement is seen as difficult and costly in practice.

The paper proposes an effective and manageable tool to assess new business service ideas that also allows for easy involvement of customers into the screening process.

It is good to come to Newcastle to talk about new ideas, for here the practice of using new ideas is as old as Newcastle's new castle. It was near here some four centuries ago that some unknown genius created what may have been the first railway in the world to take trucks of coal to the Tyne. It was here that Sir Humphry Davy came in 1817 to receive tribute in gold plate from the mine owners for having designed a safer lamp. It was in this city in 1823 that George Stephenson built his first works for making locomotives. It was also in this city that Swan worked and lived and solved the problem of making the carbon filament lamp. Thus it was in Newcastle that Swan gave the first public exhibition on a large scale of electric lighting by means of incandescent lamps. That was in 1880. It was on the Tyne in 1897 that Sir Charles Parsons built the Turbinia which was literally to make rings round the Grand Fleet.