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Identifying the Key Characteristics of a System of Innovation

   

Added on  2019-12-28

13 Pages3825 Words107 Views
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ContentsIntroduction:...................................................................................................................3Concept of national system of innovation......................................................................4Strengths –......................................................................................................................6Weaknesses –.................................................................................................................7Conclusion:....................................................................................................................8References:.....................................................................................................................9

Essay question 3Identify the key characteristics and discuss the strength and weaknesses of onespecific system of innovation (this could be either a national, regional or sectoral system of innovationNational technological innovation system : it is a system that consist of innovation system elements. These elements are of 4 types :Actors: t actors of this system includes contribution of the organisation towards technology. These contributions come from developers, adopter, regulator and finance. Actors of the terotechnological innovation systems are the one who spreads and utilizes technologies. The potential diversity of these actors rages from public to private actors. Technological innovation system development depends on interconnections between all of the actors of system. Actors are divide in knowledge institutes , industry actors, market actors, government bodies and educational organisation categories (Nelson, 1993). Institutions : This institution constitutes core part of the innovation system. They are considered as human devised constraints that makes rule in the society of human interaction. Institution are of two types which are formal an informal institutions. Formal institution follows rules that are enforced on them by some other authority. Where as informal institutions follows the rules that are made by combine interaction of actors. Informal institutions provides rapid innovation therefore it is impossible toimplementing mapping properly. Thus while mapping innovation system structure formal policies are used that affect focal technology development.Networks: Actors of the national technological innovation system works in networks . Networks are the central part on innovating system. Through networks it is easy to map geographical focus (Freeman, 1995) . Technological factors : This factor comprises of articrafts and the infrastructure of technology in which they get interconnected.For interlinking of companies and institutions cluster are used. Clusters are made of industries and many other business entities that are needed to identify the competition n in the market. The entities involves suppliers, machinery and provider of infrastructure.

Structure of the national technological innovation system: To create the structure of innovation system al the components are required to be mapped. Here are some key points that need to be considered : Technology: Technology refers to a single branch which helps in the evolution of designing a product and service. Trajectory of technology consist a set of technologiesthat develops in consistent time. This process also involves costs , safety and reliability. These feature works as feedback mechanism, between change of technology and change of institutions. Market: Market is the pace where demand of innovation in technology is determined.Demands often comes from consumer specification and expectation from the product. Policy and politics: Policy goals are also important with respect to the technological innovation.Intermediaries: To interact and interconnect between institution and industry there are many companies available which provides resource to interchange the knowledgeNetwork analysis:In the networks system relationship are established in term,s of nodes and ties. Role of network is important which is used to identify the the problem of organization and the way in which organisation is achieving success and goals. The concept of national innovation system Terotechnological system can be defined as flow of knowledge and competence forproducts and services national. Technological innovation system is concept explainsfrequency of technological change of an organisation. It is a system that works asdynamic network for interacting in particular area of industry and in specificinstitutional infrastructure. This concept is implied to three level of technologyanalysis which are technology which require knowledge in particular field , product orservice. The main idea behind this method is that requirement of change intechnology is not only needed in particular firm or organisation but also in firmswhich works as institutes of knowledge. Purpose behind evaluating technologicalinnervation system is to determine development of specific field of technology interms of organisation structure and its processes. Two more term are used to analyseinnovation system. First term is used to stimulate the flow of knowledge which is notproper to product change in technology. It also identifies that if there is need to create

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