caused due to technological amelioration is referred to as technological unemployment. Many sociologists, social scientists and governments have expressed their concern over the same and have tried to obtain solutions. The following paper is our attempt to track the significance of unemployment caused due to the changes in technology at an aggregate level and derive its nature. Our Paper consists of five sections. The first section explores the theory of Induced Bias in Innovation and derives results
Banks that are equipped with a good grasp of the e-banking phenomenon will be more able to make informed decisions on how to transform them into e-banks and to exploit the e-banking to survive in the new economy. Given the e-banking is a financial innovation (Liao and Cheung, 2003) [9], the change may render the organizational capabilities of the traditional banks obsolete. From the resource-based view (Mahoney and Pandian, 1992) [10], in such a context, the banks must constantly reconfigure, renew
The Influence of Innovations on the Economic Growth While analyzing impact of innovation activity on the economy as a whole, it should be emphasized that the significance of a given issue was first revealed in the 20th century. Thanks to the rapid development of technologies and globalization, which promoted industrialization and knowledge exchange, the researchers concluded that the correlation of economic growth and prosperity and the innovation activity is rather high. There are
How Technology and Innovation Is a Key Factor for SMEs to Grow in India Small & Medium Enterprises (SMEs) are socially and economically important sectors in India that provide 60 million jobs representing 15% of India’s workforce through 26 million enterprises. Due to their unique characteristics and their multi-faceted contributions in terms of technological innovations, employment generation and exports, etc., SMEs have been considered as one of the driving forces of modern economics. Among their
financial innovation has become a top priority the development of commercial banks. In this paper, “Financial Innovation”, the main line, from the implications of financial innovation, character, purpose, effect and in-depth analysis. Modern society, financial development has become an important factor in economic development, with a great driving force. The financial innovation system is the financial development of the internal drive. Therefore, the question of financial innovation system, with
Effects of Innovation & Inventions in Criminal Law Introduction The last past decade was the most innovative decade till now. New technological inventions have been developed to stop crime and for the better performance of the police but we know little about how and why certain inventions are adopted and the consequences are both intended and unintended of technology which drives solutions from the problem of crime. This article gives an examination of a wide range of new technological inventions
been viewed by researchers as the critical sources of organizational survival and growth in the national economic evolution. Entrepreneurial activities and technological innovation have been widely recognized as crucial factors for national economic development in economies. The theorist Joseph Schumpeter [1] was praised as the “prophet of innovation” [2] since his theory of Economic development has been published. This theory was considered as the first step in the origination of theoretical instruments
2.3 Incremental vs Radical Innovation To summarize, incremental innovation compared to radical innovation: Incremental innovation is based on iterative efforts to provide new benefits, features, and improvements to products in the existing market based on existing technologies (i.e. improvements within a given frame of solutions [X6]). Examples of incremental innovation are improvements of the fuel efficiency of the combustion engines in vehicles, or technological improvements that make it possible
Marketing innovation focused on internal transformation, technological transformation and gearing towards the future. Marketing Innovation in case of GoPro its synergy, statrategy that perfectly complemet product of orgainiztion. For Harley Davidson marketing innovation is potency of brand community. One thing which creates bond between all maketing strategies is innovation for example effective Digital Marketing which entails that product or brand have the capability to adapt changes of the market
America prides itself on its amazing technological advancements and continuously moving progression. It seems like everyday scientific and technological knowledge are increasing and going above and beyond in the United States. This growth is driven by innovation. Innovation is not a new concept for this country. From the very beginning we have pushed ourselves to be better than the rest in everything we do, always trying to make improvements. Harry S. Truman, the 33rd president of the United States