IREX: Ideas and resource exchange ltd

That innovation and training essentially belong together could be so self‐evident as virtually to be a cliche. Yet, in Britain's industrial story of the past twenty‐five or thirty years, this inter‐relationship has remained a maxim more honoured in the breach than in the observance. There have been scores of new enterprises, born from enthusiastic technological innovation, surviving only for a relatively short life, to perish through commercial collapse, or at best, decay. Technological brilliance has been unsupported by adequate managerial calibre, and there was no learning of this other essential ingredient for entrepreneurial success.