Search results
Results from the WOW.Com Content Network
Renewable energy is one primary example of a technological fix, as it has been designed to combat the issues associated with climate change. A technological fix, technical fix, technological shortcut or (techno-)solutionism is an attempt to use engineering or technology to solve a problem (often created by earlier technological interventions).
fosters collaboration, perspectives, and resources to fuel creativity, problem-solving, and breakthrough discoveries. allows for businesses to further invest in themselves which presents growth in businesses. is not solely driven by technological advancements but also by the interplay of economic, political, environmental, and ethical ...
Modern business enterprise (MBE) is the organization and management of businesses, particularly large ones. [75] MBE's employ professionals who use knowledge based techniques such areas as engineering, research and development, information technology, business administration, finance and accounting. MBE's typically benefit from economies of scale.
The concept of a technological innovation system was introduced as part of a wider theoretical school, called the innovation system approach. The central idea behind this approach is that determinants of technological change are not (only) to be found in individual firms or in research institutes, but (also) in a broad societal structure in which firms, as well as knowledge institutes, are ...
An early model included only three phases of innovation. According to Utterback (1971), these phases were: 1) idea generation, 2) problem solving, and 3) implementation. [44] By the time one completed phase 2, one had an invention, but until one got it to the point of having an economic impact, one did not have an innovation.
Digital transformation (DT) is the process of adoption and implementation of digital technology [1] [2] [3] by an organization in order to create new or modify existing products, services and operations by the means of translating business processes into a digital format.
Joseph Schumpeter was one of the first and most important scholars who extensively tackled the question of innovation in economics. [2] In contrast to his contemporary John Maynard Keynes, Schumpeter contended that evolving institutions, entrepreneurs and technological change were at the heart of economic growth, not independent forces that are largely unaffected by policy.
The digital economy is a portmanteau of digital computing and economy, and is an umbrella term that describes how traditional brick-and-mortar economic activities (production, distribution, trade) are being transformed by the Internet and World Wide Web technologies.