Low-Cost, Low-Tech Innovation

Low-Cost, Low-Tech Innovation
Author: Vijay Vyas
Publisher: Routledge
Total Pages: 180
Release: 2014-11-13
Genre: Business & Economics
ISBN: 1136686606

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Like much of SMEs research, innovation studies of small enterprises have commenced later and are less numerous. The focus of such studies remains high-technology enterprises, which continue to attract both academic and popular interest, oblivious to the innovative endeavours of people in traditional low-tech industries. This book attempts to address this imbalance through a comprehensive analysis of innovation in this largely neglected area. Based on case studies of seven small innovative food companies, this book presents an in-depth analysis of innovation in the Scottish food and drinks industry and unravels a lesser-known approach to effective low-cost product innovation, which is simple and economical, yet elegant and successful. Using careful data collection and rigorous statistical testing, the analysis and findings in this book address a wide spectrum of interests: academics in business schools, policy makers in governments and executives and entrepreneurs in food and other low-technology sectors.

Low-Cost, Low-Tech Innovation

Low-Cost, Low-Tech Innovation
Author: Vijay Vyas
Publisher: Routledge
Total Pages: 193
Release: 2014-11-13
Genre: Business & Economics
ISBN: 1136686673

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Like much of SMEs research, innovation studies of small enterprises have commenced later and are less numerous. The focus of such studies remains high-technology enterprises, which continue to attract both academic and popular interest, oblivious to the innovative endeavours of people in traditional low-tech industries. This book attempts to address this imbalance through a comprehensive analysis of innovation in this largely neglected area. Based on case studies of seven small innovative food companies, this book presents an in-depth analysis of innovation in the Scottish food and drinks industry and unravels a lesser-known approach to effective low-cost product innovation, which is simple and economical, yet elegant and successful. Using careful data collection and rigorous statistical testing, the analysis and findings in this book address a wide spectrum of interests: academics in business schools, policy makers in governments and executives and entrepreneurs in food and other low-technology sectors.

Innovation in Low-tech Firms and Industries

Innovation in Low-tech Firms and Industries
Author: Hartmut Hirsch-Kreinsen
Publisher: Edward Elgar Publishing
Total Pages: 313
Release: 2008-01-01
Genre: Technology & Engineering
ISBN: 1848445059

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This very valuable book collects together excellent empirical essays on what amounts to a silent majority in advanced industrial societies: low and medium tech manufacturing industries. Such industries employ more people and make a larger contribution to aggregate value creation than their more lauded high-tech counterparts and moreover, they constitute extremely important customer industries for such higher tech producers. They may be neglected, but they are not going away indeed, this volume shows that they are growing and adapting to the new competitive challenges of globalization. Attending to the dynamics of innovation and change in this large sector is crucial for understanding processes of social and economic restructuring in Europe today. The essays in this volume are the first place to look for insight into this extremely important area of political economic life in Europe. Gary Herrigel, University of Chicago, US Innovation in Low-Tech Firms and Industries challenges the currently fashionable notion that the advent of a knowledge-based economy demands that all social resources should be diverted to high-technology industries. Hirsch-Kreinsen and Jacobson point out these constitute a small part of even the most advanced economies. Attention has been diverted from the important innovation processes which occur in low and medium technology (LMT) sectors. This volume calls on us to achieve a much better and wiser balance in our industrial policy. Terrence McDonough, National University of Ireland, Galway The authors of this book make an urgently needed provocative point: ordinary engineering and technology ( low-tech ) continue to be of greater importance, in our knowledge society , than high-tech activities, and they may be similarly demanding by the competence they require and produce. This counteracts the exaggerated hype about high-tech firms or activities. The high-tech classification itself is highly arbitrary and often superficial. The authors show in what way low-tech activities and firms are important, and how they can be cultivated to buttress the economic strength of industrial and post-industrial nations. Researchers and policymakers, please take note! Arndt Sorge, Wissenschaftszentrum Berlin, Germany and University of Groningen, The Netherlands It is a general understanding that the advanced economies are currently undergoing a fundamental transformation into knowledge-based societies. There is a firm belief that this is based on the development of high-tech industries. Correspondingly, in this scenario low-tech sectors appear to be less important. A critique of this widely held belief is the starting point of this book. It is often overlooked that many of the current innovation activities are linked to developments inside the realm of low-tech. Thus the general objective of the book is to contribute to a discussion concerning the relevance of low-tech industries for industrial innovativeness in the emerging knowledge economy. Providing examples of both theoretical and empirical research in this area, Innovation in Low-tech Firms and Industries will be of great interest to postgraduate students and academic researchers in innovation studies. It will also appeal to policy makers in the field of innovation policy as well as industrial economists and sociologists interested in traditional industries in advanced economies.

Low-tech Innovation

Low-tech Innovation
Author: Oliver Som
Publisher: Springer
Total Pages: 230
Release: 2014-10-28
Genre: Business & Economics
ISBN: 3319099736

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This book highlights the economic relevance of the so-called low-tech industries and firms. Non R&D intensive firms continue to be the economic backbone of several developed industrial countries. They form the core of National Innovation Systems and contribute significantly to growth and employment. However, due to their lack of R&D activity, they are easily overlooked in the general innovation debate. This book provides latest empirical findings on the current economic relevance and specific innovation strategies and management of non-R&D intensive firms in Germany. It discusses their future role in a knowledge driven economy as well as possible implications for innovation and technology policy. An outcome of several years of dedicated research conducted at the Fraunhofer Institute for Systems and Innovation Research (ISI), this book will prove of immense value to researchers and policy makers dealing with innovation and knowledge strategy.

Low-tech Innovation in the Knowledge Economy

Low-tech Innovation in the Knowledge Economy
Author: Hartmut Hirsch-Kreinsen
Publisher: Peter Lang Publishing
Total Pages: 340
Release: 2005
Genre: Business & Economics
ISBN:

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This volume brings together reflections and research findings on so-called lowtech industries. The accepted wisdom seems to accept that mature, industrialised nations are undergoing a fundamental transformation into the much vaunted Knowledge Society. There is a firm belief that in this situation the advancement of high-tech industries is essential for growth and development. Correspondingly, in this scenario so-called low-tech sectors appear to be less important in and for the major industrialised countries. The starting point of this volume is a fundamental critique of this widely held belief. In fact, many of the processes we witness today are based on developments outside the realm of high-tech and lowtech industries are important not only for employment and growth but also for knowledge formation in European economies.

OECD Economic Surveys: Australia 2017

OECD Economic Surveys: Australia 2017
Author: OECD
Publisher: OECD Publishing
Total Pages: 139
Release: 2017-03-02
Genre:
ISBN: 9264271503

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This 2017 OECD Economic Survey of Australia examines recent economic developments, policies and prospects. The special chapters cover innovation-driven productivity and boosting R&D outcomes.

Sustainable Reform and Development in Post-Olympic China

Sustainable Reform and Development in Post-Olympic China
Author: Shujie Yao
Publisher: Routledge
Total Pages: 313
Release: 2010-11-01
Genre: Business & Economics
ISBN: 1136893865

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After thirty years of economic reform, China has reached a crossroads in its development process, and faces many challenges in the use of natural resources, the living environment, and the economic, social and political systems. The sustainability of China’s reform and development is even more salient in the face of the global financial crisis and economic recession. Taking the 2008 Olympic Games in Beijing as an iconic turning-point, the book explores key themes such as economic reform and sustainability, innovation and sustainability, globalisation and social development, and analyses the prospects for sustainable reform and development in Post-Olympic China. The book includes topics such as Chinese banking reforms; the issue of regional inequalities; energy and environmental challenges; industry development and corporate social responsibility, and democracy and media bloggers. With analysis written by experts from a wide range of disciplines, the book will appeal to a wide range of readers interested in China’s environment and sustainable development, economic and political reform, and international relations.

Happiness, Technology and Innovation

Happiness, Technology and Innovation
Author: Gaël Brulé
Publisher: Springer Nature
Total Pages: 95
Release: 2021-08-27
Genre: Business & Economics
ISBN: 3030826856

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This book asks what kind of impacts innovations and technology have on subjective well-being and happiness. It presents the state of the art both in terms of results and theoretical questioning on these topics. It proposes a new concept: innovation that leads to greater happiness, and highlights new research in this area. In so doing, it addresses a less researched area in the field of well-being research. The authors state that notwithstanding the indisputable positive contributions of innovation and technology, there are also drawbacks, which need equal attention in research. This book is of interest to students and researchers of quality of life and well-being, as well as innovation research.

How Solar Energy Became Cheap

How Solar Energy Became Cheap
Author: Gregory F. Nemet
Publisher: Routledge
Total Pages: 238
Release: 2019-05-20
Genre: Business & Economics
ISBN: 0429643853

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Solar energy is a substantial global industry, one that has generated trade disputes among superpowers, threatened the solvency of large energy companies, and prompted serious reconsideration of electric utility regulation rooted in the 1930s. One of the biggest payoffs from solar’s success is not the clean inexpensive electricity it can produce, but the lessons it provides for innovation in other technologies needed to address climate change. Despite the large literature on solar, including analyses of increasingly detailed datasets, the question as to how solar became inexpensive and why it took so long still remains unanswered. Drawing on developments in the US, Japan, Germany, Australia, and China, this book provides a truly comprehensive and international explanation for how solar has become inexpensive. Understanding the reasons for solar’s success enables us to take full advantage of solar’s potential. It can also teach us how to support other low-carbon technologies with analogous properties, including small modular nuclear reactors and direct air capture. However, the urgency of addressing climate change means that a key challenge in applying the solar model is in finding ways to speed up innovation. Offering suggestions and policy recommendations for accelerated innovation is another key contribution of this book. This book will be of great interest to students and scholars of energy technology and innovation, climate change and energy analysis and policy, as well as practitioners and policymakers working in the existing and emerging energy industries.

Technological Innovation in Legacy Sectors

Technological Innovation in Legacy Sectors
Author: William B. Bonvillian
Publisher: Oxford University Press
Total Pages: 381
Release: 2015-08-18
Genre: Business & Economics
ISBN: 0199374538

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The American economy faces two deep problems: expanding innovation and raising the rate of quality job creation. Both have roots in a neglected problem: the resistance of Legacy economic sectors to innovation. While the U.S. has focused its policies on breakthrough innovations to create new economic frontiers like information technology and biotechnology, most of its economy is locked into Legacy sectors defended by technological/ economic/ political/ social paradigms that block competition from disruptive innovations that could challenge their models. Americans like to build technology "covered wagons" and take them "out west" to open new innovation frontiers; we don't head our wagons "back east" to bring innovation to our Legacy sectors. By failing to do so, the economy misses a major opportunity for innovation, which is the bedrock of U.S. competitiveness and its standard of living. Technological Innovation in Legacy Sectors uses a new, unifying conceptual framework to identify the shared features underlying structural obstacles to innovation in major Legacy sectors: energy, air and auto transport, the electric power grid, buildings, manufacturing, agriculture, health care delivery and higher education, and develops approaches to understand and transform them. It finds both strengths and obstacles to innovation in the national innovation environments - a new concept that combines the innovation system and the broader innovation context - for a group of Asian and European economies. Manufacturing is a major Legacy sector that presents a particular challenge because it is a critical stage in the innovation process. By increasingly offshoring production, the U.S. is losing important parts of its innovation capacity. "Innovate here, produce here," where the U.S. took all the gains of its strong innovation system at every stage, is being replaced by "innovate here, produce there," which threatens to lead to "produce there, innovate there." To bring innovation to Legacy sectors, authors William Bonvillian and Charles Weiss recommend that policymakers focus on all stages of innovation from research through implementation. They should fill institutional gaps in the innovation system and take measures to address structural obstacles to needed disruptive innovations. In the specific case of advanced manufacturing, the production ecosystem can be recreated to reverse "jobless innovation" and add manufacturing-led innovation to the U.S.'s still-strong, research-oriented innovation system.