Innovation system

make an invention robust is to make it very strong and at times very flexible, so it can tolerate worse complications than it is expected to encounter. Another aspect of robustness is redundancy, which is the inclusion of backup systems. Therefore, if one fails another system will take over. This can be essential, especially when it comes to valuable data that is stored on a computer. As previously mentioned, when you have robustness you often have simplicity as well. The simpler that an…

Innovations in technology may affect the performance of the industry and the market in the case it is favorably or unfavorably. The factors refers to research and development, technological awareness that the market own, and automation. Global positioning systems (GPS), smartphones, and online travel diaries are the example of the rising of technology factors in bicycle industry (Greaves, Fifer, Ellison, Germanos, 2010). With this technology, people will more attracted to do cycling and it will…

Political —— standardization and developing countries oriented Although the core values of Cemex are “sustainability, excellence and innovation” (官网上说的，不是我说的), the successful implementation of standardization ensures the smooth expansion of Cemex in the International market. Indeed, standardization is a strong foundation which will preserve the Cemex lose itself in the process of expansion…

ACE 592 LR Assignment 1 NetID: xl2 Name: Xu Li Question 1: Discuss three economic rationales for having a patent system, and please provide examples to illustrate the rationales. The three economic rationales are Market reward, Ex ante rationales, and Ex post rationales. Market reward: A patent is a reward by the federal government that encourage inventive activity and promote disclosure of new technology. It gives the right to exclude others from making, using, or selling the invention. The…

Science and Technology, which has in return led to advancement and growth in every field. As we evolve and advance our problems evolve as well and have now become different in nature. However, the question which arises is that, are the wounds of innovation being cured by technology? The question however rises again, that why there is an inclination towards immorality in today’s youth? This is likely because evil dominates with a controlling factor in our society. We are continuously bombarded by…

forces used to explain the strength of competition in an industry. (Chernev & Kotler, 2012). Nokia is losing the competitive position of the industry it had once. Also the current negative credit reports it faces might result in weakening Nokia’s innovation engine and affect its competitive ability (Nokia,2015).  Recommendation for 2016, There in lies of advantage of Nokia if it is driven to provide a product that delivers more added value for our customers than that of our…

and stakeholders all over the globe. The hospitality industry is highly competitive, and thus constantly looking for new technological innovations to dominate the market. Currently, we live in a digital era that has advanced at an astounding pace, and the competitive drive of the hospitality industry as a whole has driven it to a new level of success and innovation, never believed possible. The industry is changing every day, and only through research and development will businesses be able to…

Individualism is a highly controversial topic, as its outlook varies tremendously on a global scale. According to a ClearlyCultural survey, an overwhelming ninety one percent of American favor individualism rather than collectivism. In essence, an individual is more important than the group not only because he stimulates talent and creativity but also because he innovates the world and maintains diversity. Likewise, a sensational figure of individualistic prowess would be the most popular…

automatons will one day replace most, if not all manual trades, leaving a majority of people without convenient methods to make a living. Of course, there are some who have made the counterarguments claiming that with the implementation of these innovations that new occupations will rise up and with the convenience of the internet it’s easier now than ever to connect and network with others. In reality, however not everyone can easily make the transition, these new jobs usually require an…

Steven Johnson talks about how it was the start of the capitalism and mass production in Wonderland. The fashion industry was and still is a complex system of marketing, materialism, and expression creating the “trend.” This really means the use of different styles in fabrics and design and how it can construct social change. In the beginning, items that were trendy were seen has a display of wealth…