Since the early work of Schumpeter (1950), the role of the entrepreneur has been integrally linked with innovation, the bringing of a new idea to the firm to improve either its products or its processes. Schumpeter’s entrepreneur is a person who has conceived of a new product or process or has recognized the value of new products or processes that have been invented elsewhere. The recognition of the value of a creative concept is a precondition to innovation. The role of the manager as a conduit for introducing potentially innovative concepts to the firm is to be able to recognize and appraise creative accomplishments, assess whether and how they might give the firm a competitive advantage, and to design the ways in which that might be acc...