Emphasizing the practical side of Technology and Innovation Management this book includes significant contributions to the practice of strategizing, management of competences, and innovation management. The findings presented on these selected topics are research-based, however at the end of each contribution 'managerial implications' cover the recommended implementation of the research results. This book articulates the spirit of the European Institute for Technology and Innovation Management (EITIM). The Institute was founded in 2000 by researchers and teachers from leading European universities who shared, and still do share, a deep concern about Europe's significant under performance regarding innovation, compared to the United States and Japan. Consequently the EITIM vision 'To contribute to Europe's improved innovativeness' expresses the common motivation of the founding members to focus their professional efforts meaningfully on this issue.