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In: Computer Science

Technological innovation is an extended concept of innovation. Technological Innovation, however focuses on the technological aspects...

Technological innovation is an extended concept of innovation. Technological Innovation, however focuses on the technological aspects of a product or service rather than covering the entire organisation business model. There are both advantages and disadvantages of technological innovation. Briefly present these advantages and disadvantages.n

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Expert Solution

Solution:-

Technology plays an important role in the life.

Any impovement in a present technology of any new technology is called technological innovation.Both technology and innovation are complementry.

Advantages of technological innovation:-

Technological innovation brings benifits.It increases productivity.It improve better good servicres.It also improve the standared of service.

Technology innovation saves the time and it is easy to use.It improves the communication quality.It is very important in growing market.

Business can initially charge heigher charges for products.

Being innovation good for reputation.

The innovation cuases short term distruptions.Technological innovation is very important in any organization.

Innovation in process add value to services .

The amin advantage of technological innovation is that cost effectivness.

Disadvantages of technologiacl innovation:-

Destraction is the disadvantage.It generate amny problems.Especially the world is connected to the heigh speed internet.

Loneliness is another disadvantage.Technology is at least partially responsible for development of loneliness.

Staying up to date then technology is cost can be expensive.

Business risk is running reputation if new product is poor quality.


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