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Technical Innovation: Dynamics Of Technological Innovation

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Dynamics of Technological Innovation
INTRODUCTION:
The technological innovation means rate of change in existing technology .It means how change occurs in present technology or review the present system,suggest changes,improve the technology by proper interaction .The interaction among the different sections is of great importances as it plays a vital role in success of the project.The technology innovation involves utilization of technology and diffusion under a particular institutional infrastructure and influence.
The dynamics of technological innovation applied to three levels of analysis which are knowledge ,product and design based .We now future explain this as knowledge in the technology system.Having knowledge of new inventions …show more content…

The behaviour of established firms when innovation radical invades a stable industry.It is also another aspect that also matters a lot .The behaviour inside the firms has a large impact on the performance of the firm as atmosphere of the firm has a large impact of the performance of individuals ,as well as collectively.The role of the project manager is of large importance to maintain a friendly environment and enhances the capabilities of the firms also increased the productivity and profit of the firm.The other main aspect is the Resistance to acceptance of new technology.Big and large organization are always resistance to welcome new technology as they are scared of failure.They are not ready to take up risk of investing in the new product as they donot know whether it will work out or not ?.There are different aspects which the firms consider before taking the decisions of investing in new technology.The new technology pays off or not

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