European Commission
EUROPEAN RESEARCH ERA

Michael Tubbs

Discussant session 2.1

 

1.       Overview of contribution

·   Emphasis is on the importance of knowledge intensive companies and how companies of this type in Europe compare with those in other world regions

·   Addresses the ways in which structural change can be encouraged to increase the knowledge intensive, high value added sector in Europe

·   Highlights some of the government and company actions that could encourage and enable the growth of knowledge intensive companies

 

2.       Characteristics of companies in the main world regions

·   A comparison of the total size and knowledge intensity of European companies compared to those in the US and Japan

·   The structure of knowledge intensive sectors in these economies and input and output factors

 

3.       How Europe can become more knowledge intensive

·   The importance of growth and the characteristics of successful innovation-led growth companies using product, process or service innovation.

·   The importance of companies reaching a viable size with financial strength as quickly as possible so they can compete effectively in the global economy

·   Importance of government setting an enabling business and regulatory environment

 

4.       What governments and companies can do

·   Observations on attitudes to company growth in Europe and the US

·   CEOs’ views on what governments can do to help knowledge intensive businesses

·   Brief discussion of potential issues for governments and companies to address. These include, for governments, the availability & mix of skills (school & university systems); the regulatory environment; competition policy; infrastructure and planning; innovative government procurement; tax systems & tax credits; IP framework; inward investment by innovative companies; the environment for entrepreneurs; improved public/private knowledge transfer; access to finance

·   For companies, issues include innovation effectiveness to help improve competitiveness in the global economy; improving the capacity to source, absorb and use new knowledge; networks & collaboration; an innovation-led culture with a focus on customers; access to finance; balanced growth and investment strategies; an early focus on profitable global growth to reach a viable size in their global sector/niche.

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