The rate of innovation is said to be approaching an all-tome low point similar to the Dark Ages, that is, zero. However, there is a large border between innovation in the past and innovation today. This is because major branches of technology have already been discovered. One example of a major branch of technology is ICT. Consequently, Computer Science and the Internet could revolutionize the modern world and make tasks, known as difficult beforehand, simpler and could potentially increase innovation rate tenfold.
Innovation growth may be plummeting down, although, Smart (2005) believes on the contrary. According to him, innovation, today, is very reliant on technology. Due to this, the rate of innovation is skyrocketing at the cost of unpredictability. The rate of innovation is becoming too fast that the human race could not predict where it is going in 20 years forward, approximately, 2020 up to 2040. However, since innovation now relies too heavily on complex systems and complicated computing, the rate seems to slow down because the human mind could not grasp its speed. These are only one of the many reasons to shift into using ICT. The invention of a computer aroused from the need to lessen human error. Thus, a need to manage technological innovation arises.
Dodgson, Gann, and Salter (2008) define management of technological innovation, also known as MTI, as the repetitive process of improving and refining ideas. Globalization could be attained far easier since there is greater participation in the world trade capacities of ICT. Managers should know different kinds of innovations such as radical and modular innovation. Thus, managers should also know the different innovation strategies.
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Reed, D. (2008). A balanced introduction to Computer Science. Upper Saddle River, New Jersey: Pearson Prentice Hall.
Lievrouw, L. A.,& Livingstone, S. (2006) The handbook of the new media. London: Sage Publications.
Trott, P. (2005). Innovation management and new product development. Harlow, England: Pearson Education Limited.
Yusuf, S.,& Evenett, S. J. (2002). Can East Asia compete?: Innovation for global markets. New York, NY: Oxford University Press.
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Adler, R. (2005). Entering a dark age of innovation. New Scientist. Retrieved from http://www.newscientist.com/article/dn7616-entering-a-dark-age-of-innovation.html?full=true#.UwYtMWKSx-4.
Smart, J. (2005). Measuring innovation in an accelerating world [Review of the book A possible declining trend for worldwide innovation]. Retrieved from http://accelerating.org/articles/huebnerinnovation.html.
Joseph STRAUBHAAR and Robert LaROSE (2002). Media Now. Communication Media in the Information Age. 3rd Edition. Belmont, Wadworth/Tompson Learning.
Information technology has advanced in multiple ways in society, where organizations has implement the structure into their work environment. Industries have outsource their manufacturing to other places in the world and rely on telecommunication to keep the marketing. The geographic distribution has changed significantly by reducing the distance it takes to complete an operation, due to information technology. These are just a couple of examples of how this advanced technology has reshape our society and continuing.
Even with the ever-changing demands of technology around the world, the United States has continued to place emphasis on research and development; Americans have never ceased to make our everyday lives better with innovations and world-changing inventions. The endless number of American inventions, their complexity, as well as the dedication of intellectuals to improve the lives of others make innovation a good thing about America.
A quote I heard many times when I was in high school and which I now know traces back to Sir Francis Bacon, one of our earliest scientist or philosophers as they were then called, is the statement "Knowledge Is Power." Today, I believe that the fuller, more correct statement is to say, "the application of knowledge is power." The study of science, and technology subjects will broader our opportunities in life. As we continue to advance through the 21st century we are well aware that technology is possibly the hottest industrial commodity around the world today. In the years ahead, it will be an increasingly critical factor in determining the success or failure of businesses. It is the fuel many of us are looking at to help us win this race to the 21st century. To do that, we should make technology matter. In this paper I am going to share my technology forecasts. I try to focus on my new forecasts a decade into the future - the first decade of the 21st century, because that is how far most businesses need to be looking ahead.
Technology has become an element which is as important as food to people nowadays. Everything that we do in our daily lives requires technology from complex machineries to something as simple as turning on a light bulb. The amazing thinkers behind these life-changing innovations include Alexander Graham Bell; the telephone inventor, Thomas Alva Edison; the man who lit up the world and many more. Have you ever thought why we say ‘hello’ every time we answer a call from the telephone? It is because Bell’s wife was named Hello! Over the years, the evolution of technology has come a very long way as time flies. There is massive difference between the olden days and modern time due to technology. Last time, people find entertainment just by staring into the skies and nature but now we get to laugh over graphics on a glass screens while lazing on our favourite
Tidd, J., & Bessant, J. (2011). Managing innovation: integrating technological, market and organizational change. John Wiley & Sons.
Innovation has been around since the beginning of time helping us improve our societies and way of life; yet regulations has caused a standstill of potential advancements for civilization from coming about. Technology is constantly changing and manifesting into bigger, better innovations; moving onwards, never faltering. To try and contain it is to throw society into a stagnant loop.
Technology can be regarded as a phenomenon with vast uncertainties. Technological change is rapid and we are struggling to keep up to date with the latest advances, while learning new ones and trying to prepare for the next changes proposed for the future. In order to do so, however, we need to be clear about what we mean, and what we consider to be a technology and evaluate some of the assumptions of our understanding of our technologically advanced society.
This definition has extended the power of the theory to explain different types of disruptive innovations across a wide range of industries (Schmidt and Druehl, 2008).
...deas and knowledge. Also, it is essential to understand in order to succeed in school, find information, and qualify for most jobs. New technologies continue to be created. The wisest step is to embrace the new technologies since they are unlikely to go away. Those who have the most knowledge of new technologies are able to accomplish more, and find more options available to them in life.
Joseph STRAUBHAAR and Robert LaROSE (2002). Media Now. Communications Media in the Information Age. 3rd Edition. Belmont, Wadsworth/Thompson Learning.
A nation’s innovation system is shaped by how the nation leverages its endowments—natural resources, culture, history, geography, and demographics—through policies that create a thriving market-oriented economy and accelerate the transition of new technologies, processes, and services to the market (Branscomb and Auerswald 2002). The aim of this assignment is to evaluate South Korea’s innovation policies, in light of its latest ranking as the second most innovative country in the world.
What is innovation and how does it relate to internationalization? The literature on the two topics has evolved exponentially during the past decades, however, the difference of the research results makes it so that the relationship between innovation and internationalization is not fully understood. Relying on a systematic review of empirical studies published in the past two decades, this literature review propose and discuss questions which brings to the fore the relationship between the innovation process and internationalization. The articles selected for review were chosen on the basis of their academic intergrity, relevance to the topic under review, the date of publication, the scope and methodology of the research, quality of the
Computers are changing the world as we know it, and they offer an exciting new way of working. The news represented a complete turnaround for the corporate giant. Microsoft Chairperson, Bill Gates publicly announced his company's new connection to the Internet. The announcement rang through the nation. Gates has consistently ignored the Internet in favor of desktop computing. So, with Microsoft's approval, computers kicked into even higher gear . The pace of innovation continues to astonish even those involved from the start. If one wants to find enthusiasm, intellect, hard work, and imagination; then computers is the place to be .
The difficulty in anticipating the evolution of technology is not based on the fact of understanding technology, but at what speed information technology will change. According to Gallaire (1998) “the fact that what is possible does not always come to pass, and what comes to pass may have seemed possible” (p. 47). Society ultimately chooses which among all potential evolutions will become real by deciding where to invest and what to accept, adopt or reject. Early on in the evolution of critical networks and information technology, not everyone could imagine a need for a significant amount of computers, there was just absolutely no way to anticipate their use either from a personal perspective or use in the economy (Gallaire, 1998).