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Innovation powers dynamic VR sector
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Innovation in Dynamic Service Industries - ARCHIVED
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Technological Forecasting and Social Change, 78, Building exploration and exploitation in the high-tech industry: The role of relationship learning. The dark side of trust: the benefits, costs and optimal levels of trust for innovation performance. Long Range Planning, 44, YAM, R. Innovation is at the heart of economic growth and development. It is through innovation that new products are brought to market, new production processes developed and organizational change realized.
Given existing cross-industry variations in structure, competitiveness and maturity, it is reasonable to expect that firms in different industries will innovate for different reasons, in different ways and with different results. This report focuses on how the innovation activities of firms in three dynamic service industries are conditioned by their different environments. Through an understanding of what competitive pressures come into play and how these pressures affect the type of innovation that is performed, Innovation in dynamic service industries goes some way in illustrating how innovation regimes differ substantially, and quite logically, from one industry to another.
This is the fifth in the series of publications on innovation and technological change in Canada. For example, shapers of energy policy need to consider which segments will be affected by higher or lower energy costs, how great the impact is likely to be, and what magnitude of difference will trigger a location decision.
Policy makers should also recognize that their long-term goals for growth, innovation, and exports are best served by supporting critical enablers for manufacturers such as investing in modern infrastructure and by helping them forge the connections they will need to access rapidly growing emerging markets. Two key priorities for both governments and businesses are education and the development of skills. They will need qualified, computer-savvy factory workers and agile managers for complex global supply chains.
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McKinsey Quarterly Our flagship business publication has been defining and informing the senior-management agenda since Featured McKinsey Academy Our learning programs help organizations accelerate growth by unlocking their people's potential. Subscribe Sign In. Manufacturing the future: The next era of global growth and innovation. In each of the five manufacturing segments, the leading countries by global market share vary. Open interactive popup. We strive to provide individuals with disabilities equal access to our website. If you would like information about this content we will be happy to work with you.
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