By Nagy K. Hanna
Private firms in complex economies were studying to take advantage of details and verbal exchange expertise (ICT) to innovate and remodel their techniques, items, providers and company versions, considerably bettering productiveness and competitiveness. furthermore, the ICT itself has turn into a big resource of activity construction and a contributor to fiscal progress and enterprise transformation. A key query at the present time is whether or not and the way constructing international locations can learn how to enjoy the ICT revolution, and what roles the govt and personal zone can play. Already, a few constructing international locations were encouraged by way of the instance of India and China, and are actually trying to leap at the outsourcing bandwagon.
Nevertheless, with few exceptions within the constructing global, little cognizance has been paid through policymakers and practitioners to take a position systematically and proactively in ICT-enabled progress, poverty aid and grassroots innovation. so much groups and small and medium-sized companies in constructing nations, for instance, face a number of constraints to adopting and leveraging this common function expertise, and absence the features for maximizing its power.
In Enabling firm Transformation, Nagy Hanna attracts on his wealthy event of over 35 years on the international financial institution and different relief businesses as a improvement strategist and ICT coverage specialist, the most up-tp-date examine, and top practices from worldwide to supply useful instruments for selling financial and social transformation via ICT. He assesses a number of projects to advance and diffuse ICT, corresponding to innovation money, incubators, parks, public-private partnerships, and entire advertising courses. He argues for the strategic recommendations now open for constructing nations to take part in ICT construction, to set up ICT to remodel industries and prone, and to leverage ICT as a brand new nationwide infrastructure for bettering the company setting and embellishing the competitiveness of the entire financial system.
The problem for leaders in constructing nations is to create such social and institutional dynamics for studying approximately ICT use and version at many degrees. classes won thus far from courses to construct those social studying and innovation services on the institutional and grassroots degrees will be shared between constructing international locations, and a discussion between enterprise leaders, policymakers, improvement organisations, academic associations, and the final citizenry needs to be complex.
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Extra resources for Enabling Enterprise Transformation: Business and Grassroots Innovation for the Knowledge Economy
Economic history, the cumulative learning and transformation process involved in using ICT, and the pace of this wave of technological change suggest that a “wait and see attitude” would keep many developing countries out of a technological revolution no less profound than the last industrial revolution (David 2000; Perez 2001; Freeman and Louca, 2001; Freeman and Soete, 1997). Countries that adopt an inactive or reactive posture, rather than a proactive one, are likely to lose a window of opportunity to leapfrog or fail to exploit a structural change to gain or maintain competitive advantage in their key industries and services.
8). • Effective diffusion programs adopt a holistic approach to exploit the synergies, externalities and network effects of ICT, to secure coinvestment in human resources and other complementary resources and to facilitate the necessary institutional and regulatory adjustments to realize ICT benefits. E-enabled business transformation involves some powerful synergies and interdependencies, including virtuous cycles arising from developing digital content, services and applications, on the one hand, and building the necessary leadership institutions, human resources, technological competencies and information infrastructure, on the other (Chaps.
Relatively more recent research suggests that ICT has driven the post-1995 revival of the productivity of US economy, almost doubling TFP (Brynjolfsson 2003; Brynjolfsson and Saunders, 2010); US productivity growth continued even during the economic downturns of 2000 and 2008 (Brynjolfsson 2009). The evidence of impact on productivity is even more compelling and persuasive across countries at the microeconomic, firm and industry sector levels. Evidence from recent research provides a compelling case for ICT as a driver of productivity growth across many sectors of the US, EU and emerging economies.