In the Paciber conference July l to 4 in Seoul Korea, a professor distinguished between fast and slow learning in innovation.
In mostly Asian and developing countries, economies adopt fast learning - ie imitation (pure unabashed) or creative imitation to stay competitive and to keep up with the modern world. Economies of scale is achieved and products are sold on the basis of cut throat pricing. They use common parts and suppliers, hence driving costs of production lower.
But there comes a time that imitation comes to a halt. The original producers run out of ideas, the inventors sue the copiers etc.
Then the slow learning kicks in. R & D study and research in basic science are resorted to. The Asian, and the developed countries now have money for basis research and discovery.
This theory is based on the idea that the basis driver of business is product and technology. Other business model components can be innovated too.
"Innovation is creating value from existing resources." "Entrepreneurship is creating something from practically nothing"
In mostly Asian and developing countries, economies adopt fast learning - ie imitation (pure unabashed) or creative imitation to stay competitive and to keep up with the modern world. Economies of scale is achieved and products are sold on the basis of cut throat pricing. They use common parts and suppliers, hence driving costs of production lower.
But there comes a time that imitation comes to a halt. The original producers run out of ideas, the inventors sue the copiers etc.
Then the slow learning kicks in. R & D study and research in basic science are resorted to. The Asian, and the developed countries now have money for basis research and discovery.
This theory is based on the idea that the basis driver of business is product and technology. Other business model components can be innovated too.
"Innovation is creating value from existing resources." "Entrepreneurship is creating something from practically nothing"
0 comments:
Post a Comment