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In 2005, 48% of the firms, increased from 14% in 2001, in HK undertook these activities. It is mostly because HK’s main industry is the service industry. Improvement on management and companies’ structure are necessary to maintain its leading status in service industry. Most importantly, Graph 1 shows the number of overall innovation activities kept increasing with time. It shows a trend of increasing importance of innovation activities.
1.2 Increasing number of Research and Development (R&D) personnel
From Table 1 below, it shows the number of R&D personnel in Hong Kong increased substantially since 2001...
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