cover image: Impact and Effectiveness of Public Support for Business Innovation /

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Impact and Effectiveness of Public Support for Business Innovation /

16 Jan 2018

The process of innovation emerges out of the interactions between the cumulative increase in the knowledge base and the technological capabilities of firms in the development and diffusion of new technologies. [...] The early stages in the development and diffusion of new technologies is marked by an increase in diversity, in terms of the range of products, processes and services associated with the technology — witness the number of different types and manufacturers of personal computers competing in the market place in the 1970s and 1980s. [...] While the actual process of creating novel combinations of existing artefacts or components is the purview of firms, enhancing the knowledge and skills needed to create these novel combinations is the responsibility of a much wider set of social institutions — hence the importance of the systems of innovation perspective for understanding and analyzing the nature of technological change. [...] The central tenet of the approach is that what appears at the macroeconomic level as technological innovations that are developed endogenously within the firm, actually emerges out of the complex interaction of a wide range of economic and social agents and organizations, and that many of the market forces which determine the success of these innovations are delimited by the operation of a complex [...] While innovation is primarily the focus of individual firms, virtually all of the authors associated with the systems of innovation approach stress the central role of the institutional infrastructures in providing much of the skills and knowledge, as well as the legal and regulatory frameworks that govern and support the adoption and diffusion of new technologies.
economic development innovation education economics economy school science and technology psychology design markets canada absorptive capacity adoption business competition culture innovations language productivity tax strategies r&d collaboration further education society computing and information technology competition (companies) attention innovative
Pages
38
Published in
Ottawa, ON, CA

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