Premium Essay

Role of Government in Promoting Innovation

In:

Submitted By akasa123
Words 3783
Pages 16
Innovation and Change | The role of governments in promoting innovation | | | | Gitanjali Khadagade- c7094037 | 5/14/2013 | |

Table of Contents 1. Abstract ........................................................................................................3 2. Introduction to innovation ....................................................................3 3. Benefits of innovation to businesses ..................................................5 4. Why should government support innovation? ..............................6 5. National Innovation Systems ................................................................8 6.1. Role of the Government ...............................................................9 6.2. Innovation Policies .....................................................................10 6.3. Aim of Innovation Policies .......................................................10 6.4.1. National Innovation System of Europe ..........................10 6.4.2. Government of UL ..................................................................11 6.4.3. Government of India .............................................................11 6.4.4. Government of Finland .........................................................12 6.4.5. Government of China .............................................................13 6. Observations and Conclusions ...........................................................15 7. Referencing ...............................................................................................16

Abstract
This document addresses the need for innovation in the economies and how governments play a role in promoting innovation. Innovation is the key to sustain in the competitive global markets.
Many governments are

Similar Documents

Premium Essay

Hcs 588 Qi Report

...services is fundamental to the success of any society; the government, development agents, experts as well as the society play an important role in promoting quality health. Quality health requires various pertinent tools and resources for instance: Technology, qualified personnel, and financial resources form the imperative components of health improvements. The Foundational Frameworks for Quality Health Improvements There are various fundamental designs that are formulated and implemented by various stakeholders to facilitate quality health improvement. These designs vary in their level of efficacy as well as the amount of resources needed for their successful implementation. To begin, stakeholder such as the government has been increasingly applying the concept of partnerships as a framework for improving quality health provision. This more like a collaborative approach whereby stakeholders such health specialists and local communities work partnership in identification of health problems and formulating effective solutions. Another framework that plays an important role in improving quality in the health sector is the research and innovation; this involves the provision of a platform to various stakeholders to develop new ideas and concepts that can facilitate the provision of quality health to the society. Governments, donors, and various communities can play great role in promoting research and innovation in the health sector through provision of resources such as...

Words: 924 - Pages: 4

Premium Essay

Sa Cio’s Landscape, Including Legal and Regulatory Issues

.....…. 5 4.1 Research and innovation in the ICT environment ……………....………. 5 4.2 Human capital development in the ICT environment.……..…....……….. 7 4.3 Level of advancement of ICT networks and services.…………………… 8 4.4 Level of advancement of the IT and software industry sectors……….… 11 3.5 The role of CIOs in promoting digital economy evolution……………….. 14 4. Conclusion………………………………………………...…………………...…. 17 5. References……………………………………………....…..………………...…. 19 1. 1. Abstract This report is an analysis of digital economy evolution and the role of the CIO in the South African ICT sector, looking at the following five points: (i) Research and innovation in the ICT environment. (ii) Human capital development in the ICT environment. (iii) The level of advancement of ICT networks and services. (iv) The level of advancement of the IT and software industry sectors. (v) The role of CIOs in promoting digital economy evolution. 2. Introduction This report is an analysis of the digital economy evolution and the CIO’s in the South African ICT sector. The CIO does not have much influence in the areas of ICT such as, the ICT sector itself, research, ICT sector innovation, human capital development, ICT networks, services and software development, as these areas are controlled by the government and global multi-national organisation that have the capital to invest in innovation hubs, universities, research and...

Words: 4549 - Pages: 19

Free Essay

Healthcare Policy 2010

...| Implications of Regulation in Health Care | Week 5 Application | | Tiffany Littlejohn | 2/9/2014 | | Implications of Regulation in Health Care In today’s highly competitive regulated healthcare environment, it is so important for different companies to bring to their market new medical technology and to keep them in their market. Therefore, managing different regulatory issues is an essential key to a strategic advantage. Currently, there are strong standards and guidelines put into place to ensure that all devices are well safety equipped, well studied before putting it out in the market and have less negative reactions. The strongest way to judge efficacy of any technology is data acquisition through randomized clinical trials (Berkowitz, Robert, 2010). Off course, this is not possible or even feasible in certain cases. Properly designed case series and cohort studies can provide and prove hypothesis. Observational and epidemiological studies can help identify unexpected deviations and outcomes. Meta-analysis can then take in to consideration all the available evidence and summarize the current state of knowledge. Incorporation of Cost-Effectiveness Analysis and Cost-Benefit Analysis help calculate and extrapolate economic aspects of any medical technology. Technology continues to affect the healthcare industry (Berkowitz, Robert, 2010). Currently, the industry is moving towards the electronic medical record (EMR), data reporting from the EMR, and...

Words: 607 - Pages: 3

Premium Essay

Government Policies for Economic Growth and Productivity

...Government Policies for Economic Growth and Productivity Michael Pintar ECN400 – Managerial Economics Colorado State University Global Campus Dr. John Speir November 11, 2012 Government Policies for Economic Growth and Productivity Michael Pintar ECN400 – Managerial Economics Colorado State University Global Campus Dr. John Speir November 11, 2012 Government Policies for Economic Growth and Productivity Government policy for promoting economic growth and productivity has tremendous bearing on our standards of living today and our future. Our policymakers’ ability to exercise proper fundamentals of economic growth determine the livelihood of our next generations (Mankiw, 2012). Whether policies encourage savings and investment, fund R&D, practice free trade, or promote education, the government has many tools and options for controlling our quality of life. Savings and Investment One method of boosting growth and raising standards of living is by government encouragement of savings and investment in an effort to raise capital. Unfortunately, the economic trade-off to achieve more capital requires reduced present day spending on goods and services in exchange for higher future consumption (Mankiw, 2012). To encourage savings, the government may consider a few principal actions: 1), raising current interest rates, thereby reducing demand for loanable funds and encouraging incentive to save, and / or 2), a tax reform intended for reduction of...

Words: 973 - Pages: 4

Premium Essay

Hkjh

...Success Comes from Corporation’s Innovation Student Name: Course Name: Instructor’s Name: Due Date: Success Comes from Corporation’s Innovation Abstract Innovation drives companies to progress. Also innovation helps countries develop. Therefore, companies and governments are much concerned about innovations. Various strategies are exerted on enhancing companies’ innovations. The success of companies and even the success of governments depend on innovations. This essay discusses the importance of innovations in companies and counties as well as the application of innovation and innovation strategies. Success Comes from Corporation’s Innovation Why are companies so concerned with innovation? Historically, human beings evolve from ancient to modern society mainly due to their creative ideas. Whenever several pioneers experiment with one idea, there will be a brand new era coming into beings. For instance, the revolutionary invention of wheels completely altered the life of people in late Neolithic. It also gave rise to the technological advances. Human beings are progressing significantly into the modernization. Thus, each great innovation has brought a drastic change to humans. In modern society, corporations, especially technology corporations, are much concerned to the innovation, for the reason of the amazing benefits innovations bring to corporations and society as well. How do countries and corporations foster innovation? There are consistently questions...

Words: 704 - Pages: 3

Premium Essay

The Importance Of Urbanization In India

...firms to invest in production facilities, job creation, and technology in Indian market. Openness to trade entails the following measures: 1.1 Trade facilitation: Addressing border and information bottlenecks a. As goods cross borders in GVCs, primarily as inputs and then as final products, fast and efficient customs and port procedures will play an essential role to smoothen operations in supply chains. To compete globally, Indian firms require lean inventories to respond swiftly to demand; and reduce unpredictable border delays with fast-track...

Words: 1345 - Pages: 6

Free Essay

Cybersecurity

...Information and communications technology offer a powerful tool that, if deployed equitably, can ensure citizens are empowered and Government can deliver services more effectively. Information is vital for the efficient delivery of public and private sector product and services that are responsive to the needs of citizens and businesses as well as capacity creation. For a variety of reasons (economic and policy), developing countries like Kenya are less equipped to take advantage of the potential in ICT to stimulate growth, and are likely to fall behind advanced economies. The Kenya ICT Master Plan is therefore not designed in isolation, given that there is evidence from developed countries that investment in ICT facilitates economic growth by increasing productivity. As the Kenya Government ensures an enabling ICT environment and regulatory framework, this plan aims at stimulating the setup of ICT-related businesses to enhance employment creation. At the heart of this document is a strategic intent to develop a robust ICT sector that will enhance economic growth through creation of businesses and hence employment. In the execution of this plan, Kenya will become a leading ICT hub for the region, improve the lives of her citizens and see significant ICT-led economic growth in line with Vision 2030. This ICT Master Plan aims at building and promoting an environment where more service sector businesses are created and are able to thrive through leveraging on ICT. ICT offers...

Words: 4766 - Pages: 20

Premium Essay

Entrepreneurship

...A brief discussion of the relationship between entrepreneurship, innovation and economic development as well as the role of sustainability in the relationship Introduction: The origin and development on theory As early as the 17th century, the French term "entreprendre "appeared in economics, which evolved into "entrepreneur" as commonly used (Dees,1998). The concept of entrepreneur keeps on developing and varies with the development of socio-economics. Richard Cantillon published his in 1775 “Essay on the Nature of Trade in General" (Murphy,1986). Since then, entrepreneurship was given a definition in the perspective of behavior, including decision-making, sound judgment, supervision of production, innovation, and resource reallocation (Herron, 1993). The new definition of the "entrepreneur" credited by French economists was put by Jean Baptiste in the 19th century "the entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield". In this time, entrepreneurship was given the meaning of "creating values"(Dees, 1998). In 1911, “entrepreneur as innovator” was put forward by Schumpeter. In his theory, entrepreneurship nearly the same as innovation is thought to be a critical factor in the promotion of economic development. This theory was unceasingly completed by Schumpeter. Through the process of “disruptive innovation” (Schumpeter, 1942), entrepreneurs create economic opportunities and obtain economic benefits by causing...

Words: 2375 - Pages: 10

Premium Essay

The Role of Business Economics in National Development

...INTRODUCTION Following this introduction on Nigeria’s economic development challenge, this paper reviews business economics, outlining the relationship with innovation and social entrepreneurship. It also presents a holistic framework for economic development covering the individual, firm and macro levels, and outlines the roles of stakeholders at each level, in fostering national development. It concludes by calling on all stakeholders to play their part in leveraging entrepreneurship and all aspects of business economics to unleash the wealth of human capital that Nigeria is endowed with so that more people can participate in the transformation of Nigeria. Nigeria as the most populous country in Africa is naturally endowed with millions and millions of acres of arable land, 38.5 billion barrels of stated oil reserves, vast gas reserves, a variety of unexploited minerals, and a wealth of human capital by virtue of its estimated population of 150 million. It is the world’s eighth largest exporter of oil, and Africa’s second largest economy, after South Africa. Nigeria accounts for 15 per cent of Africa’s population, contributes 11 per cent of Africa’s total output and 16 per cent of its foreign reserves while it accounts for half of the population and more than two-thirds of the output of the West Africa sub-region. It has been at the forefront of the resolution of many political challenges in Africa. Over the last decade, Nigeria has implemented far reaching economic reforms...

Words: 2924 - Pages: 12

Free Essay

Role of Ngos in Bangladesh

...Role of NGOs in Bangladesh In all spheres of development, NGOs are reported to have created a landmark in the history of Bangladesh. NGOs as the proper alternative organizations have the vision of imagination, flexibility, autonomy, creativity, innovative machinery, experience resources and strategies of executing programmers including non formal constructive education. NGOs have different projects towards development. Doubtlessly to say, the NGOs with their constructive efforts have been promoting development strategies by creating unique changes in the field of socioeconomic progress in Bangladesh since her independence. Most of the endeavors made by the NGOs mainly targeted to achieve overall development of the country by meeting pragmatically or practically. The NGOs have their constructive mission in developing the country. They touch the fundamental elements of socio economic development of a country. If human resources are not properly used, it will be gradual inactive and useless for the country bringing no utility. The most important NGO innovation has been in the way they reach the poor. A group-based or target group mobilization strategy underpins virtually all development NGO programs aimed at service-delivery. Such an approach serves to fulfill not only the goal of economic improvement through direct targeting and beneficiary participation, but also that of social and institutional development through strengthening the organizing capacity of the poor to be more...

Words: 551 - Pages: 3

Premium Essay

Dm Devce Managemet

...The NIPP can provide a vital tool for promoting successful critical infrastructure protection. Congress can make a valuable contribution by promoting a sound risk methodology and policies focused on keeping Americans free, safe, and prosperous. Be compliance with FISMA (The Federal Information Security Management Act) is United States legislation that defines a comprehensive framework to protect government information, operations, and assets against natural or man-made threats. It is a matter of national security, and as a result, it is the focus of continuous scrutiny at the highest levels of government. Federal departments and agencies, as well as organizations that work with federal information systems, need to adopt and refine the information security management processes that ensure up-to-date and comprehensive risk assessments, measurable response management and detailed compliance reporting all in a cost-effective and timely manner. Technologies are available to enable organizations to address regulatory compliance issues. For instance, vulnerability management systems can help government agencies and departments automate many of the steps in the FISMA compliance process. Complete lifecycle vulnerability management systems can conduct accurate and thorough assessments of potential risks and vulnerabilities to information systems on a continuous basis and manage the process of eliminating those risks. Data captured from these risk assessments can then easily be created...

Words: 642 - Pages: 3

Free Essay

Churva

...leading ICT firms, Microsoft brings a unique perspective to this issue, one informed by years of collaboration with the international development community. Microsoft firmly believes that ICTs hold tremendous promise as an enabler of social and economic development. ICTs can help underserved populations obtain, manage and disseminate knowledge and to tap into global networks of information and services. And rapid innovations in technology – the fruits of intensive R&D efforts by Microsoft and others – are making ICTs less expensive and easier to use, bringing the power of ICTs within the reach of ever more people. ICTs promote development across many dimensions. At their most fundamental level, ICTs enable organizations to be more productive, thereby spurring economic growth and helping firms be more competitive. ICTs can also expand the reach and effectiveness of social development projects and have already yielded important benefits in such areas as healthcare, education, and environmental preservation. Public-sector uptake of ICTs is also making governments more efficient and their decision-making more transparent. Finally, many developing countries have achieved important economic gains in nurturing the development of domestic ICT industries. It is not enough, however, to place ICTs onto the development agenda without also addressing other critical elements of the development equation. A...

Words: 12975 - Pages: 52

Premium Essay

The Importance Of Economics In India

...economic factors play a vital role in the very aspect of our social life. Total development of individual depends very much on economic factors. Without economic conditions, the study of society is quite impossible. All the social problems are directly connected with the economic conditions of the people. That is why Marshall defines Economics as "on one side the study of wealth and on the other and more important side a part of the study of man." Startups have been the flavour of the season over the last few years for the Indian markets. This has resulted into the emergence of a number of home grown unicorns...

Words: 920 - Pages: 4

Free Essay

Philippine Economy

...oil, and fruits. * Major trading partners: United States, Japan, China, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan, and Thailand.  SLIDE 3 How does an Economy grow? The Philippine Economy 1. It is composed of business enterprise, household and government. 2. Interaction between demand and supply are the fundamental determinants of Economics. 3. The national government has been promoting the growth of entrepreneurship. SLIDE 4 ROLE OF ENTREPENEURSHIP IN ECONOMIC DEVELOPMENT 1. Offers efficient allocating of goods economic development 2. Generates more job opportunities, income, services; improves the quality of life 3. Promotes equity and the country’s productivity 4. Brings social benefits to the government 5. OTHER CONTRIBUTIONS OF ENTREP: * Development of new markets * Discovery of new materials * Mobilization of capital resources * Introduction to technology * Creation of employment SLIDE 5 DEVELOPMENT AND GROWTH THEORIES 1. Laissez Faire (leave it alone) * The government must not interfere in economic activities: Market System 2. Keynesian Theory * Constituted by John Maynard Keynes * The government should control the economic development *  Argue that private sector decisions...

Words: 357 - Pages: 2

Premium Essay

Major Assignment

...10/14/2015 international business | harrison moore ­ Academia.edu 1. What are the roles of comparative and competitive advantages in Hyundai’s success? Illustrate your answers by providing specific examples of natural and acquired advantages that Hyundai employs to succeed in the global car industry South Korea enjoys various national competitive advantages in the provision of cars such as abundance of production factors in cost­effective labor, knowledge workers, high technology, and capital. Demand in South Korea is too low to sustain indigenous automakers like HMC and Kia, thus exporting is a necessity to attain the economies of scale needed to remain competitive in a tough industry. In part due to these efforts, Korea is home to a substantial industrial cluster for the production of cars and car parts. Comparative advantage: The Korean has been translating to favorable exchange rates and lower prices in the US and Europe.  Korean government closely cooperates . Korea has a high saving rate and with the business sector, promoting raw materials extensive foreign direct investment   Competitive advantages: Inexpensive, high quality workforce  and Innovative   marketing through initiatives as Hyundai assurance program. 2. In terms of factor proportions theory, what abundant factors does Hyundai leverage in its worldwide operations? Provide examples and explain how Hyundai exemplifies the theory. In What ways does Hyundai's success contradict the theory...

Words: 915 - Pages: 4