Critically analyse the implications of the systemic and globalised nature of contemporary innovation for Aerospace firms in a global industry.

Clarification/elaboration: In other words, innovation has become a systemic process and a globalised phenomenon, so firms can no longer innovate alone and only in their home country. So what are the implications be for firms and their innovation strategies and approaches? Additional note on ‘industry scope’: You should consider narrowing the industry’s scope chosen for your essay – i.e. to focus on a sub-sector or clearly identified segment of the wider industry – if you feel this can be justified logically. You should be clear (in the title and introduction) about the scope of your essay – i.e. explain your understanding and definition of the chosen industry for analysis in the essay. Specific requirements – your essay should: Include carefully selected company examples and supporting evidence, which can be located by online research from reputable secondary sources and published academic sources. Consider at least 1 of the 4 systemic innovation perspectives. Consider the globalisation of R&D, innovation and knowledge. Appreciate and critically analyse the systemic and spatial nature of innovation using relevant academic models. Recognise and critically evaluate some of the contemporary innovation opportunities and challenges facing firms operating in a global context.