Introduction Innovation In the past years of knowledge on innovation and its effect on entrepreneurship, a massive variety of literature has been presented and researched on this specific topic innovation. Innovation as the name suggests refers to thinking out of the box in other words being creative or innovative. Innovation in terms of business refers to creation of products, services and processes in a more effective and efficient way and at the same time establishing a culture or environment
The reviews concentrated in the following areas; theoretical framework, review of relevant Literature and review of related empirical studies. 2.1 Theoretical Framework Various models and theories have been developed empirically to analyze the role of social media in creating environmental awareness. Some of these theories are reviewed below. Two key theories formed the foundation for this study. They are: • Diffusion of Innovation Theory. • Uses and Gratification Theory. 2.1.1 Diffusion of Innovation
As the definition states the four elements of diffusion of innovation process are innovation, communication channels, time and social system. Innovation is a new idea or a practice which is obtained by an individual or a group of people. Communication channels are the ways by which the information is
has changed, even shifted focus to a more global context where needs are immense and the expectation of the student as an active member of the knowledge centre adds abundant value to society but this study seeks to understand the advantages of ICT diffusion in the classroom. There is the specific need for educators to have the foundation for design of content, instruction strategies and activities that engage the learner at a level of continued learning. If the student is not getting the value of an
The Philippines are rich in different kind of plants especially on herbal plants. Numerous researches have been conducted that proved that it can be used as medicinal herbs. Many Filipinos depend on the traditional medicines in order to satisfy their primary health care needs. As of now there are many medicines like tablet, capsule, ointment and syrup have been developed out of herbal plants. But there are many plants out there that haven't been research to have therapeutic effect to the body. It
REVIEW OF LITERATURE • Environmental and financial performance literature. “We review the growing literature relating to corporate environmental performance to financial performance. We seek to identify achievements and limitations of this literature and to highlight areas for further research. Our primary interest is to assess the adequacy of the literature in informing corporate managers how, when, and where to make pro-environment investments that will pay off with financial returns for
A Critical Review of Development of Under-development by AG Frank Development of Underdevelopment is one of the most critically acclaimed works in development literature. It was written by Andre Gunder Frank, one of the most respected scholars in Development discourse. Frank argues that an all encompassing and comprehensive theory of development can only be fairly developed and articulated if the historical circumstances of the colonial and underdeveloped regions of the world is also taken into account
the left and had two heavier tails, which will not satisfy the normal distribution (leptokurtic features). Thus, in this paper, we will produce a model that will satisfy the normal distribution to replace or modify the Black Scholes model. Literature Review [1]In 1973, Fisher Black, Robert Merton, and Myron Scholes developed The Black Scholes model, which is one of the most important concepts in today’s financial works. The key idea of this model is to help investors to buy and sell the underlying
approach. The fat-tailed unconditional price distributions that are of concern to the futures exchange in setting margin policy can be approximated using either the time-varying volatility model used here or a jump-diffusion model. Although Bates and Craine (1999) use the jump-diffusion model for their analysis of clearinghouse exposure, their data are characterized by high frequency, low amplitude jumps that are also consistent with our time-varying volatility
Literature Review 2.1 Biosensor Biosensor is an analytical device used to convert biological respons into an electric signal. It involves the biological components such as microbes, enzyme, antibodies and DNA. In this case, enzyme utilize in the biological respons determine the biocatalytic activity in the process of converting enzyme-substrate into product. This typical biosensor usually have enzyme immobilized on the support system which attached to an electrode. Generally, biosensor consist