In the last few years, most parts of the world have morphed into an electronically interdependent economic unit where a disruption in one marketplace affects the others. New technologies have emerged, transforming the ways we do business and, consequently, redesigning the world. Innovation in disruptive technologies pushes new and more agile firms to set new benchmarks, and forces established companies to incorporate evolving breakthroughs into their models or re-invent themselves to stay competitive.
Innovation thus remains a key driver in wealth creation, but the way it happens is changing as a result of new technologies, processes and tools. As social media networks advance, outsourcing ideas to the crowd has become common, while inter-company R&D that pools resources together is a new normal. From agriculture to print media, finance to mortgage and across sectors, industries, and disciplines, the world is being redesigned. The emerging implications are enormous—less energy for processing natural resources, less waste in processed raw materials—and these translate to positive effects on the environment. Yet, few research works exist about these developments, despite the exponential growth rate of new technologies with the potential to massively impact business and society.
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