Innovation coordination - its inferred implication on technology diffusion and business cycles
2010
Krumins, J., University of Latvia, Riga (Latvia)
The issues discussed in the paper originally stemmed from the author’s earlier research of innovations coordination in the area of mobile web applications development where, several intrinsic peculiarities were revealed and investigated in concordance with both classic and contemporary innovation theories, importance of coordination of innovations was substantiated and the methodology of coordination of innovations developed considering the development of the mobile web applications as a plexus of interrelated innovation processes. The aim of the present study is to explore the applicability of the methodology of coordination of innovations beyond its initial scope. For this purpose the potential gains resulted from the coordination of innovations are evaluated and compared with the duration of the initial, latency phase of diffusion for several widely used important technologies. The obtained results demonstrate a crucial role of the coordination of innovations for acceleration of the diffusion of innovations in high tech areas. In order to determine the scope of coordination of innovations in a broad range of technologies, particularly in conventional areas of economy and its role among other measures aimed towards facilitation of innovations a classification based on evolution speed, interdependency level, and competition characteristics of particular areas of technology is offered. In the light of theories of economic cycles the research results demonstrate substantial ability of coordination of innovations to soften down cyclic economic slumps due to the acceleration of important innovative processes facilitating the reorganisation of the production and economy.
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