(it)innovation And The Digital Age

This is a 13 p jump on on transition in Digital fester . It has 9 sources and is in Harvard format . The discusses the confused theories and aspects of innovation in unexampled age and its impacts on the modern global economyRunning Head : Innovation in youthful age and its Impacts on the Modern Global EconomyInnovation in Modern advance and its Impacts on the Modern Global Economy[Name of the Institution][Subject][Date]The Process of InnovationIntroductionThe term Innovation means a new idea , theory or perception which can mavin to improvement and emanation in technology , society and salmagundis the way of leading life . Since the pre-historic era man has seen numerous and countless innovations . There was a condemnation when the ancestors of modern man were doomed to pursue their prey with stones and aft(prenominal) furious several attempts when succeeded in catching their prey they were compelled to prey it raw until on of the first innovation of the human record take place , contingency altogethery about of the human predecessors prepare out fire , initially frightened by it and by and by found out it s return and thus started the innovations in both aspect of human life from the formation of initial settlements to cattle farming and cultivation growth of civilization , Stone come on , Metallic Age , Medieval Age then to the Modern Age and finally the entire process in hardly a(prenominal) thousand years have brought us to the Digital Age in which we live today . The whole process of advancement in human history is not a likewise simple to be explained in few word . The jillion dollar question is What is the source behind all these advancements in human life , society and technology ?

Are all these innovations , inventions and new perception developed by mere accident as our human predecessor had become aware of the reclaimableness of fire by accident or as the insertion of life in this remote planet is accidental as deemed by physicists This will not only discuss the reputation of innovation , regarding its sources on variant grounds its models with the reference of different innovation theories and studies thus describing the whole process of innovation in an elaborate and comprehensive manner to enlighten the picture of dodge of InnovationInnovationInnovation means presentation of a new idea , concept or perception with a restriction of being useful , profitable , and constructive and solution giving in character . New ideas and concepts are not destined for success unavoidably , and in the context of their failure they are regarded as mistakes . So innovation is necessarily something good in personality having the faculty of being productive thus rewarding the innovator some a sort of superiority against his competitor and he enjoys the lead for a particular span of time (depending on the nature of the invention , its advancement and the reactive strategy of the rivals . Technological change is often regarded as being exogenous to the economic formation influencing economic growth but not being itself contentedness to economic influence . This view of technological change is in all probability accepted...If you want to get a full essay, order it on our website: Orderessay

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