This book has the purpose to give guidance to management of scientific projects, high-tech enterprises and larger unities. It addresses the issues faced by managers which are unique to the science and hi-tech environment. The material is aimed at wide range of readers, from prospective managers of a small project to policy making directors of universities, industrial enterprises and government departments. The aims of the book are: to create greater awareness of management issues on the part of potential leaders among people trained in science and engineering disciplines, to help meet the increasing demand for such people at the highest levels of management in all public and private organizations in the industrialized world and to prepare would be hi-tech entrepreneurs for the management challenges of their creative enterprises.§The growing international significance of this subject, as it relates to different national cultures, is also addressed.§This book is a must read for managers who need to hire, supervise, and manage creative inidviduals. It explains how to successfully run creative people, who essentially have a different set of unexpected motivations. It is a highly recommended reading for managers of Product Development organizations. §The new edition reflects the increasing global impact of Hi-Tech enterprise, the new challenges to the scientific community as well as the consequences of the resulting competitiveness. It also addresses the opportunities to meet some of these challenges offered by the internet.