Technological change and innovation Essay Example | Topics and Well Written Essays - 2000 words

Technological change and innovation - Essay Example This article examines how organizations can help promote and leverage the use of technology and innovation. While it may be true that there is a proliferation of research and product development centers across the globe, these concentrate on optimizing technology which is readily accessible. Even those tagged as benchmarks of technological and innovative excellence, they are inclined to using the technologies that are domestically available within the region in which they operate (Hunt & Morgan, 1995). Its is not frequent to see that innovative activities synthesize distinctive knowledge around the world as potently as supply chains gather components from , raw materials, labor and services. In addition, the functional units which are accountable for innovation in majority of organizations are frequently poorly equipped to save on costs by availing knowledge from nonconventional, more cost-effective regions (Chesborough, 2003; Malecki, 1991). Despite this, there are exceptional organizations that have managed to establish innovative, integrated supply chain that are indeed global, permitting them to outperform their competitors through the prudent use of technological knowledge (Kotter & Heskett, 1992). They have been able to apply a process for innovating that goes beyond domestic clusters and national boundaries, becoming â€Å"metanational innovators†. This strategy of utilizing local technology, market intelligence, and capabilities has accorded them a potent contributor to competitive advantage: more, higher value innovation that is also more cost-efficient (Chesborough, 2003). To get a clearer understanding of the benefits of metanational technology and innovation, one may evaluate the war between Motorola Inc. and Nokia Corp. in the cellular phone arena. Motorola was an acknowledged pioneer in the industry, establishing a strong foundation through breakthrough research from Bell Laboratories. By using US technological