The author of the essay "Technological innovation" focuses on the role of innovations in modern life. Reportedly, technology and innovation have helped the globalization movement in a lot of ways. Notably, globalization has benefited a lot from technology in terms of communication. …
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Lower prices in technological devices such as laptop computers, tablets, and minicomputers have given millions of students the opportunity to take advantage of technology to improve their efficiency as students. More research is being performed by students, faculty members, and researchers than ever partly because these individuals can purchase electronic gadgets at low prices. There is greater cooperation among nations to help poor countries through technology transfers to improve their efficiency in critical industries such as agriculture. Advances in genetic engineering have helped farmers produce crops that generate higher yield in the same amount of space. Social development has improved due to globalization. The global community is more aware of the needs of other nations. There are a lot of volunteering efforts from organizations across the world to help improve the standard of living of nations suffering in extreme poverty such as the Sub-Saharan African region. Technology has greatly impacted the production capacity of many countries. As more goods are being produced due to superior technology some countries have been able to gain competitive advantages in certain industries such as the Japanese in the auto and electronics industry. Mass production techniques that optimize the use of labor have helped China become the largest exporter in the world. Advances in renewable energy technologies such as solar, wind, and electric power have reduced the global dependency of society on petroleum.
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During the prehistoric times and right before the advent of information technology, communication is being performed in a simple manner: there should be a physical presence required. In other words, communication then can only take place if two people or more are physically sensible to each other – meaning, they should be physically perceived by either any sense.
In order for companies to survive this environment and remain relevant and profitable, they have been forced to adopt new strategies such as innovation, competitive pricing strategy, and differentiation strategy among others. Strategic management of technological innovation is one of the practices that companies have adopted in order to remain relevant and improve their profitability in the dynamic and volatile business environment.
Film form has in all aspects changed from what it used to be in the beginning. The transformation in film form stems from technological innovation and development in changing all original aspects of film form to what it is today (Livingston & Plantinga, 2012).
The recent breakthroughs achieved in technology stands testimony to the fact that technological innovation is one of the utmost motives in order to garner profitability of organizations and firms. Technological innovation has however proved detrimental to the society.
The conclusion from this study states that innovation and technology development are major drivers of economic advantage within a country. A comparison of the UK, US, Japan and Germany technological innovation systems signifies that a country’s investment in technology is directly proportional to the economic development of the country.
It is now generally accepted, within the construction industry, that there is a relationship between a firm's efficiency or profitability and its ability to innovate. . Construction organisations need to determine their positions in terms of processes, services, products, technologies and markets.
As easy as it may seem, the issue of sustainability is a highly intricate process that requires the participation of various sectors that are willing to change their current status, habits, attitudes, way of thinking, technology, economic condition, governing regulations
In recent times the pace at which the changes have come poses a major challenge for organisations to adapt to these changes and use the benefits to improve productive use of available resources. The challenges and opportunities also bring possibilities of failure for industry and companies who can not foresee the changes and take timely action.