In praise of the small company and the technical manager as innovators: They´re not afraid to take a chance

New companies in high-technology fields tend to be more innovative than the large, mature companies ¿ and they also have other characteristics that are desirable to the economy. In the United States, for example, Science Indicators 1977 shows that from 1953 to 1977 an R&D dollar spent by a company with fewer than 1000 employees produced 25 times as many innovations as a dollar spent by a company with more than 10 000 employees.