Innovation is among the most important issues which need to be mastered today to produce an effective 21st century society. It is a moving target which demands continual attention as todays innovation soon becomes tomorrow old news. It is not well understood and not researched and taught as frequently or as enthusiastically as it should be. This book is a compilation of a number of important papers on this subject selected by a leading academic in this field. A wide range of topic have been chosen which leads the reader through some of the most important aspects of innovation research being practiced today. Some of these papers explore issues relating to innovation stimulation and management in SMEs. The studies reported here provide starting points for thought-provoking discussion and reflection on themes such as innovation and growth, innovation alliances, open innovation, and resource management for innovation. This book is an important text for academics, researchers, students and practitioners.