“…Further, the innovative process is seen as path dependent and involving the putting into practice of product designs and manufacturing processes that are new to the firm (Nelson, 1993). With respect to the second, headquarters, we follow Collis, Young, and Goold (2007), and define it as including the staff functions and executive management with responsibility for, or providing service to, the whole of (or most of) the company, excluding staff employed in divisional headquarters. 6 4 We limit our study to the efficiency aspect of the innovation process, ignoring other typical dimension of performance, i.e., effectiveness.…”