Technological Innovations
Topic: Technological Innovations
General Purpose: To inform
Writer's Persona: Student
Audience: Grade-11 Stem Students
Level of Formality: Semi Formal
Technological innovation comprises activities that contribute to the research, development and design of new products, services or techniques, or to improving existing products, and generates new technological knowledge. A widespread perception on innovation is one that refers to advanced technology solutions offered by using the latest knowledge. Such innovations are mainly considered to accompany the result of highly skilled workforce and businesses activity with significant research and development intensity, having close linkages to the most crucial centers of excellence in the scientific world. The significance of innovation is, however, broader and includes innovations that are not achieved within high-tech industry mentioned above. From this last perspective, innovations do not include only new products or processes,
but also cover the improved ones resulted from the so-called low-tech sectors, which may have cumulative economic and social effects as important. Growing interest worldwide to boost innovative activity of enterprises, especially technological innovation, is intended to maintain or enhance the competitiveness of national economies, but also observe a result of awareness of the effects on consumption of resources and environment impact resulted from economic activity, which requires design of new patterns of production and consumption. In this paper, we consider the ways in which technological innovation contributes to economic development. In the context of this analysis, we look to sustainable development of organizations as a result of their ability to generate new ideas in support of increasing production, employment and environmental protection.
Individuals do not automatically endorse new products. They make a conscious decision of whether to oversee a particular one. That is, their decision to foster an innovation is deliberate. This is the third step in the process of fostering an innovation, covered in the first article. Design teams must proactively address this step if they involve individuals to decide on long-term use of their product. Your design team will need to address relative advantage in multiple ways. Let’s face it: If relative advantage isn’t inherent to your product, then it isn’t an innovation, and it might not be a venture worth pursuing at all. Your team should recognize the potential relative advantage of your product in the planning stages of development.
Compatibility refers to the level of compatibility that an innovation has with individuals as they assimilate it into their lives. Relevance to your design team, your design team needs to understand the infrastructure they are designing for, as well as what the planned improvements to the infrastructure will be.
This chapter presents some of the overarching issues that emerge throughout this volume. Issues relating to the conversion of knowledge to value and its relevance for development are contemplated from various angles. One focus is innovation systems, learning and the policy implications for developing countries. Another considers a framework for the design of strategies and policies for developing countries and issues relating to heterogeneity, localization and coherence. Nevertheless, another is specific channels of knowledge acquisition and commercialization and the competences and capacities needed for innovation among foreign and local actors.
Citations:
Comments
Post a Comment